Market Continuous Deterioration

Today is the day that traders and overall people were patiently waiting for since the Jobs Report will be released to actually give us a hint on the current health of the world's leading economy, knowing unfortunately that the key sector; the labor market remains deeply deteriorated despite slight signs of enhancement, which will therefore continue on postponing a full strong recovery from the recession to be witnessed throughout the country. In truth be told, the present recovery path gained while being moderate and it also gained some momentum as we saw this past period as declared throughout within this past Fed Beige Book and by the FOMC members, with only cheerful signs of slight enhancement and stable expansion witnessing mainly throughout overall business conditions; manufacturing ...

Fundamental News: Today’s highlights: German Ifo Business Climate Index (GER, 09:00 GMT) GDP (QoQ) + MPC Meeting Minutes (GB, 09:30 GMT) ECB President Draghi Speaks (EUR, 09:15 GMT) FOMC Statement (US, 19:15 GMT) RBNZ Rate Statement (NZ, 19:00 GMT) In an update to its World Economic Outlook (WEO), the IMF said on Tuesday that the euro area would fall into a mild recession in 2012 after the euro area crisis entered a "perilous new phase" toward the end of last year, affecting other parts of the world including the United States, emerging markets, and developing countries. Overall, activity in the advanced economies is now projected to expand by just 1.2 percent in 2012, a downward revision of 3/4 percentage points relative to the forecast last September, picking up ...

The superpower's labor market continuous deterioration may be slightly easing but remains nowadays major obstruction Today is the day that traders and overall people were patiently waiting for since the Jobs Report will be released to actually give us a hint on the current health of the world's leading economy, knowing unfortunately that the key sector; the labor market remains deeply deteriorated despite clear previous signs of enhancement, which will therefore continue on postpon a full strong recovery from the recession to be witnessed throughout the country. In truth be told, the present recovery path slowed down as we saw this past period as global and national economical conditions hardened as what was already officially declared throughout this week's Fed Beige Book and the FOMC ...

Unexpectedly the ADP Employment change of last month showed cheerfully a record high; that 317 thousand workers were added throughout the superpowers private sector, a sign that the ongoing unending deterioration of the labor market may be truly starting to strengthen and revive to permit accordingly a faster recovery of the world's leading economy and of its overall sectors activities. In fact the world's leading economy labor department today showed us that private employment increased by 325 thousand last month, which is higher and of course better than the market forecast of an add of only 178 thousand workers to this sector and better than the prior lower add of 206 employees tracked throughout the country's private sector, confirming clearly and against the market projections that ...

Regardless of this week gloomy services data that was released in the beginning of the week on Monday as overall data released these past weeks and period came in better than the market forecasts and indicated that most of the sectors activities continue on enhancing gradually and accordingly the superpower received so far its highest rating from international investors in more than two years. In fact for many or the most of international investors the U.S will help on weathering the financial crisis in Europe and avoid a recession next year since that the current slowed down revival of the country is gaining momentum and strength continuously and gradually despite of the downside pressures felt locally and created by the ongoing unsolved debt crisis. Not forgetting that the jobless rate ...

The U.S. session opened today with quite strong economic data to confirm that the U.S economy is growing moderately, following the country's jobless claims that were released by the opening bill, which showed the ongoing deterioration of the U.S labor markets. A few Minutes ago, the Philadelphia Fed Manufacturing gauge was released and actually confirmed an expansion among the sector's activity in the month of October, where the index accelerated to 8.7 from -17.5, which is considered as a contraction while better than the -9.4 forecasted. In fact, Manufacturing conditions remain very instable, the thing that keeps on blurring the progress of the manufacturing activities across the country, considering that manufacturing activities represent one of the backbones of the U.S economic ...

Today is the day that traders and overall Americans were patiently waiting for since the Jobs Report is released and came out gloomy to accordingly confirm of the current weak health of the world's leading economy, knowing unfortunately that the key sector; the labor market remains deeply deteriorated throughout this toughened period, which will therefore continue on postponing a full strong recovery from the recession to be witnessed throughout the country. In truth be told, the current jobless rate continues on being highly crucial; still close to the worst level witnessed in 27 years as it stagnated at 9.1 percent, while that yesterday we saw the jobless claims slightly plunging but remaining at a high level with the although the initial jobless claims for August 27 coming in faintly ...

Gold prices hit record highs for a second day on Thursday after hints of further policy easing from the Federal Reserve and a Moody's warning the United States may lose its top-notch credit rating hurt the dollar and sparked buying of safe-haven assets. The precious metal was also strengthened by concerns over euro zone debt levels, which have intensified over delays to policymakers' plans to discuss the crisis and after Greece's credit rating was downgraded by Fitch late on Wednesday. Spot gold touched a record $1,594.16, and was up 0.6 percent at $1,590.66 an ounce at 1120 GMT. U.S. gold futures for August delivery were up $5.60 an ounce at $1,591.30. The precious metal has risen more than 6 percent so far this month and is on track for its ninth straight daily rise, its longest run ...

So far sentiments of pessimism rather than optimism are spread throughout the world's leading economy since that its present economical conjuncture has lost some strength and its recovery remains on a gradual pace with overall activities still weighted by continuous high jobless levels while that worries remain spotted on the EU soil since that no real clear picture is painted regarding Greece crisis. Accordingly all traders and investors eyes are on today's FOMC Rate Decision since that it will provide further details on the present economical conjuncture of the world's superpower and will actually determine the near-term direction of monetary policy, forecasting strongly once again to watch the Federal Open Market Committee deciding to keep its benchmark interest rate unchanged and low ...