US economy »

  • H.S. Borji

    The ADP Institute could show Wednesday the US economy added 235,000 private payrolls in July, following a gain of 281,000 the previous month that was the largest in more than two-and-a-half years. The 235,000 estimate is based on a survey conducted by Bloomberg News. A separate survey conducted by Capital Spectator predicts private payrolls to

  • H.S. Borji

    The US dollar index advanced to fresh highs Tuesday, as a surge in consumer confidence reinforced expectations the Federal Reserve will deliver an upbeat assessment of the economic recovery on Wednesday. The US dollar index, a weighted average of the greenback’s performance against a basket of currencies, increased 0.21 percent to 81.20. The index has

  • H.S. Borji
    Forex » Aussie Builds Momentum
    H.S. Borji - July 28, 2014, 18:03 GMT

    The Australian dollar advanced against its US counterpart Monday, as the AUDUSD pair pushed above the 0.94 handle amid disappointing US home sales figures. The AUDUSD advanced 0.13 percent to 0.9407, easing off an intraday high of 0.9414. The pair rebounded after declining in each of the last two sessions, as the US dollar continued

  • H.S. Borji

    The US service economy in July remained close to its pre-recession high, although the pace of new business growth eased to a three-month low and employment growth moderated from June’s four-and-a-half year high. Markit Group’s flash estimate of US service activity eased slightly from 61 to 60.9. Economists forecast a sharper decline to 59.8. A

  • H.S. Borji
    Forex » US dollar index hit 81.00
    H.S. Borji - July 25, 2014, 17:51 GMT

    The US dollar index advanced sharply Friday, pushing through the 81.00 level for the first time since February, as durable goods orders rose faster than forecast in June. The US dollar index, a weighted average of the greenback’s performance versus six commonly traded peers, advanced 0.22 percent to 81.05, extending its weekly gain to nearly

  • H.S. Borji

    US durable goods rebounded in June, but weak shipments of core capital goods prompted economists to quickly downgrade their estimates for second quarter growth. Orders for manufactured goods meant to last three years or more increased 0.7 percent in June, following a decline of 1 percent the previous month, the Commerce Department reported today in

  • H.S. Borji

    The sale of new US homes declined at a faster rate than forecast in June, adding further to the view the housing recovery will be slow to materialize this year as restrictive lending conditions and weak earnings growth continue to dampen the market. New US home sales declined 8.1 percent to a seasonally adjusted annual

  • H.S. Borji

    The US manufacturing industry continued to advance in July, although output and new orders rose at a slower rate while job creation was the weakest since September 2013. Markit Group’s flash estimate of US manufacturing activity declined 1 percentage point to 56.3. A median estimate of economists called for a gain of 0.2 percentage points

  • H.S. Borji

    The Australian dollar advanced sharply against its US counterpart Tuesday after Reserve Bank of Australia Governor Glenn Stevens made surprisingly optimistic comments about monetary policy. The Aussie, as the Australian currency is known, surged to an intraday high of 0.9421 US. The AUDUSD pair would later consolidate at 0.9395, advancing 0.23 percent. The pair is

  • James Boston
    Forex » Slight Fall In US Sentiment
    James Boston - July 18, 2014, 18:31 GMT

    There is a viable look to the medium term future of the US economy available today through the Michigan and Conference Board Data. The most pervasive of the predictors, the CB Leading Index has just been published as falling slightly to 0.3% for the month of June, this is in comparison to a 0.5% increase