Posted by FXstreet.com | Posted in Forex News | Posted on 31-07-2008
FXstreet.com (Barcelona) – Economic activity in the Chicago area has grown in July for the first time since January, although the prices paid index shows that inflation continues growing at a fast pace.
Chicago Purchasing managers’ index has risen to 50.8 in July from 49.6 in June, in a scale showing growth in numbers above 50. Chicago PMI has remained below the 50 limit since it fell to 44.5 in February.
The prices paid index has grown to 90.7 from 85.5 in Jun, while the employment index has dropped to 45.9 in July from 46.7 in June. The new orders index has risen to 53.5 from 52.0 in June.
Posted by FXstreet.com | Posted in Forex News | Posted on 31-07-2008
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Posted by FXstreet.com | Posted in Forex News | Posted on 31-07-2008
FXstreet.com (Barcelona) – US Gross Domestic Product, the output of goods and services produced in the US, has grown faster in the second quarter of the year than in the first one, according to preliminary estimations by the US Commerce Department.
Gross Domestic Product has grown at a 1.9% annual rate fro, March to July, well faster than the 0.9% growing pace posted in the first quarter, on the back of good figures by exports, personal consumption expenditures (PCE),non-residential structures, federal government spending, and state and local government spending, while private inventory investment, residential fixed investment, and equipment and software have contributed negatively. Besides, imports, which reduce the GDP calculation, have declined.
The price index for good domestic purchases has increased 4.2% in the second quarter from 3.5% in the first, excluding food and energy prices, the GDP prices index rose 2.2% in the second quarter, the same increase than in the first.
Real personal consumption expenditures have increased 1.5% in the second quarter, up from the 0.9% in the first
Posted by FXstreet.com | Posted in Forex News | Posted on 31-07-2008
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Posted by FXstreet.com | Posted in Forex News | Posted on 31-07-2008
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Posted by FXstreet.com | Posted in Forex News | Posted on 31-07-2008
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Posted by FXstreet.com | Posted in Forex News | Posted on 31-07-2008
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Posted by FXstreet.com | Posted in Forex News | Posted on 31-07-2008
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You talk too much, you worry me to death, you talk too much, you even worry my pet. You just talk too much. Leave it to Goldman Sachs to talk up their position at a key technical moment in the world oil market. they jumped on the report from the Master Card advisors that showed that gasoline demand hit the highest level of the year. You see according to Goldman what we have seen lately is not demand destruction but demand restraint and oil will go back up to the highs before the end of the
Posted by TradeTheNews.com | Posted in Forecasts / Analysis, Forex News | Posted on 31-07-2008
- Markets plunged in pre-market trading this morning after the preliminary Q2 GDP reading came in short of expectations and the Q407 number was revised to -0.2% from +0.6%, providing a strong whiff of the "R word," while weekly jobless claims hit their highest levels since April 2003. After some initial strengthening on the weaker dollar, crude has dropped $2 and is headed lower once again. Bristol Myers' offer for ImClone and strong healthcare and tech reports have helped the Nasdaq to