• Business » US Durable Goods Fall Less than Forecast
    February 27, 2014, 19:33 GMT

    New orders for US durable goods declined less than forecast in January, a sign factory activity was stabilizing after the winter slowdown. Orders for manufactured goods meant to last three years or more declined 1 percent in January, after plunging 5.3 percent in December, official data from the Commerce Department revealed today. Economists polled by

  • Stocks in the US started the trading session on a positive note, attempting for the third straight trading session to notch up a new all-time high. Sentiment continues to decline, as the deterioration of the US economy because of weather related issues has eroded confidence. Target (NYSE:TGT) reported earnings that had significant erosion due to

  • Forex » New Home Sales Drive US Dollar
    February 26, 2014, 21:41 GMT

    The US dollar rose Wednesday, as a surge in new home sale last month boosted confidence in US recovery. New home sales rose 9.6 percent in January, the Commerce Department reported today. The unexpected rebound boosted confidence in the housing market, which experienced a downturn in the second half of last year, as rising mortgage

  • Business » US Home Sales Surge in January
    February 26, 2014, 18:40 GMT

    The sale of new US homes surged last month, a sign the housing market maintained its recovery pace amid a weather-induced slowdown. New US home sales rose 9.6 percent to a seasonally adjusted annual rate of 468,000, official data from the Commerce Department showed today. The monthly rate, which was the highest in five-and-a-half years,

  • The Euro continued to trade at the top end of the current range despite consumer spending number that could only be considered lackluster. The yield differential between the Germany and the US held steady in both the 10-year space and the 2-year space, as the US has reported disappointing weather related economic data that has

  • Forex » US Dollar Lower on Mixed Data
    February 25, 2014, 17:46 GMT

    The US dollar had little momentum Tuesday, as mixed economic data kept the forex markets speculating about the pace of US recovery. The US dollar fell 0.1 percent against a basket of currencies. The US dollar index landed at 80.06 at 17:00 GMT. The index was stronger in the early part of the North American

  • US consumer confidence declined moderately in February, as concerns over the short-term outlook weighed on sentiment. The Conference Board’s gauge of consumer confidence declined from 79.4 to 78.1 in February. The median forecast in a Reuters poll called for 80. The confidence indicator rose to a five-month high in January on positive appraisals of the

  • The US service economy fell to the lowest level in four months, as weather-related disruptions caused a rise in unfinished work. Markit Group’s gauge of US service activity declined from 56.7 to 52.7. A reading above 50.0 signifies expansion in the non-manufacturing sectors, whereas a reading below that level is a sign of contraction. Output

  • Forex » US Dollar Subdued by Weak Home Sales
    February 21, 2014, 19:01 GMT

    The US dollar had its gains capped Friday, as weaker than forecast home sales data weighed on the forex markets. The sale of previously-owned US homes declined 5.1 percent to 4.62 million in January, the National Association of Realtors reported today. The decline, which was the biggest in 18 months, follows a gain of 0.8

  • The Canadian dollar fell below 90 cents US Friday, as plummeting retail sales in December outweighed higher consumer inflation last month. The USDCAD pair rose to a session high of 1.1197 in Europe, as the forex market continued to bid up the greenback after solid PMI and CPI data Thursday. As of 15:30 GMT, the