Category Archive: Finance, No picture
RecessionAlert Weekly Leading Index Update – Friday, September 7
The latest index reading came in at 20.7, up from 19.5 the previous week. RecessionAlert launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes that […]
Gold Rebound Fizzles Amid Upbeat U.S. Non-Farm Payrolls (NFP) Report
GOLD TALKING POINTS Gold prices are back under pressure as fresh updates to the U.S. Non-Farm Payrolls (NFP) report boost bets for higher interest rates, and the precious metal may continue to lose ground ahead of Fed meeting on tap for later this month as the central bank is widely expected to raise the benchmark interest […]
Dollar Dominates As Americans Get A Fatter Paycheck
The Non-Farm Payrolls report for August 2018 was upbeat. The US Dollar took advantage of it, in a much needed straightforward reaction. The odds of a rate hike in December have risen. US wages rose 0.4% MoM in August, double the early expectations. The broader YoY measure shows an acceleration from 2.7% to 2.9%, also […]
NFP Recap: Are Wages Finally Turning The Corner?
In a world where financial media sensationalizes every US jobs report as “The Most Important Jobs Report Ever,” even the most bombastic personalities had to admit today’s release was relatively insignificant, at least as far as Non-Farm Payroll reports go. After all, the US economy had shown job growth for 94 consecutive months heading into […]
Workday Spends Big On Acquisitions
According to a Grand View Research report published earlier this year, the global human resource management market is projected to grow 10.4% annually to $30 billion by 2025. The growth is expected to be driven by the need to replace legacy systems with improved human capital management platforms. Recently, SaaS-based HCM services provider, Workday (NYSE: WDAY) […]
Did Gold Put In A Bottom In August?
Ned Schmidt, Editor of the Value View Gold Report shares why he thinks gold has put in a bottom last month. With US stocks still garnering a lot of attention, Ned thinks investors will turn away from the risk on equities very soon. (Audio length 00:11:01)
July Jobs Report: 201K New Jobs, Unemployment Rate At 3.9%, BetterThan Forecast
This morning’s employment report for August showed a 201K increase in total nonfarm payrolls, which was better than forecasts. The unemployment rate remained at 3.9%. The Investing.com consensus was for 191K new jobs and the unemployment rate to drop to 3.8%. Here is an excerpt from the Employment Situation Summary released this morning by the Bureau of Labor Statistics: […]
Jobs Report Beats And Wage Inflation Is Comin’ In Hot, Folks
This week brought fresh evidence to support the notion that the U.S. economy continues to fire on all cylinders, as gauges of manufacturing and services sector activity came in ahead of expectations. The data continues to support the Fed’s upbeat take on the U.S. economy, although business leaders this week attempted to convince the Trump administration that […]
Sensex Ends Day In The Green; Auto Stocks Lead Gains
After opening the day in the red, share markets in India witnessed volatile trading activity throughout the day and ended the day in above the dotted line. Sectoral indices traded mixed, with stocks in the auto sector and stocks in the metal sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 147 points (up 0.4%) and the NSE […]
USDCAD Daily Analysis – Friday, Sept. 7
USDCAD dropped sharply from 1.3226, suggesting that the upside movement from 1.2887 had completed. Deeper decline would likely be seen and next target would be at 1.3000 area. Resistance is at 1.3226, only a break of this level could trigger another rise towards 1.3350.
