The Labor Department reported the economy added 203,000 jobs in November, in line with the progress of recent months. Overall, the economy should be stronger in 2014, permitting the Fed to ease back on monthly bond purchases and let longer term interest rates rise modestly. These purchases of government securities lowered mortgage rates and made [...]
Friday, the Labor Department is expected to report that its survey of businesses and government agencies indicates the economy added 180,000 jobs in November. That monthly pace is not nearly enough to bring unemployment down to acceptable levels, and the economy continues to shift toward part-time and low wages activities like retailing, hospitality and government [...]
by Dixon Fung USD/JPY failed to break previous high at 103.85 and retraced to 102.00 overnight. 103.85 was the high in the currencies pair since Abeconomic was enacted. The last time USD/JPY was at this level was back in June and a correction to 94.50 was followed. The momentum for USD is still very strong; [...]
Wednesday, the Commerce Department is expected to report the deficit on international trade in goods and services was $40.0 billion, up from $24.9 billion when the economic recovery began. The Obama Administration’s ill-conceived energy policies and appeasement of China and Japan are responsible for this jump in the trade deficit. Every dollar spent abroad for [...]
by Dixon Fung Gold continues to move lower as the USD gains strength. The first target at $1180 looks very vulnerable at the moment. Psychological support at $1000 will be the next target after $1180 has been breached. As the market heading into December holiday trading session, volatility is expected to pick up as the [...]
D-day arrived for ObamaCare Saturday, and began with an 11 hour shutdown of HealthCare.gov-the problem plagued website intended to provide easy access to affordable insurance for millions of Americans. The contraption is functioning better but is still terribly inadequate. It can only handle 50,000 users at a time, well short of the volume needed to [...]
Here are the forecasts for upcoming economic data.
D-day arrived for ObamaCare Saturday, and it began with an 11 hour shutdown of the website. The system is functioning a bit better than before but is still terribly inadequately.
by Dixon Fung Gold is continuing its downward move after the technical correction toward $1460 is done. First target is the 61.8 percent Fibonacci Retracement support at $1151. The long term trend of the gold bull move is very vulnerable at the moment. I do not want to declare the commodity is now in a [...]
It took paramount arrogance for President Obama and congressional Democrats to believe they could write an Affordable Care Act that would replace free markets across a health care sector as large as the economy of France. Among the results include five million Americans with private insurance are getting cancellation letters for policies the president promised [...]