• Dollar Steady After Housing and Industrial Production Data

    Housing Starts and Building Permits Miss Expectations The U.S. Commerce Department reported on Wednesday that home-construction starts rose 2.8% to a seasonally adjusted annual rate of 946,000 in March. While the figure marked the fastest rise in three months, it missed analyst expectations of 973,0

  • UK Unemployment falls to five-year low of 6.9%

    The UK Office for National Statistics (ONS) reported on Wednesday that the number of unemployed people in the UK has fallen by 77,000 to a five-year low of 2.24 million in the three months to February. The figure beat analyst expectations of a 7.1 percent print, triggering a rally in GBP/USD over t


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  1. BAC After Earnings Continues to Struggle
    Bank of America Corporation (BAC) has been struggling since April 11, when JPMorgan Chase & Co. (JPM) earnings. […]
  2. US to Foreign Officials: Stop buying US Treasuries
    *Cassandras warn that the foreign appetite for US debt is satiated and wonder who is going to buy US Treasurie. […]