Author: Samuel robinson

Reports & Statistics Housing starts were higher in May, jumping to 532,000 from 454,000 in April. New permit applications rose 4 percent. Both numbers beat Briefing.com’s forecasts.1 The Producer Price Index (PPI) rose...

The road to recovery may not be banished any time soon, but this week has offered a few possible stumbling blocks. Housing starts made a surprise move higher – up 17.2 percent from a revised April total. However,...

Reports & Statistics The US trade balance posted a wider deficit of 2.2 percent on a decline of 2.3 percent in exports.1 Retail sales for May came in above analysts’ expectations, rising 0.5 percent versus an...

June 10th, 2009 – Mixed Bag Following last week’s seemingly endless parade of economic reports, this week may appear a bit empty on the fundamental side. One key highlight for this week will be the retail sales...

Finding a Foothold A series of key economic reports this week will culminate in Friday’s report on the employment situation; and although today is bringing lower prices, it may take more than this to completely shake the...

Reports & Statistics The consumer confidence index boasted a surprise jump in May, climbing to 54.9 compared to the anticipated 42.3.  This number from the Conference Board was at 40.8 last month.1 A survey released by...

Springing Eternal The holiday-shortened trading week got off to a positive and hopeful start with bullish news regarding consumer confidence. US consumer data showed a surprising jump of 54.9 percent versus an estimate for a...

Top Commodity NewsPrecious Metals Harmony Gold is maintaining its 2012 output target of 2.2 million ounces a year despite a first quarter drop in production to 349,801 ounces.10According to a senior official, Zimbabwe has...

The Best of the Worst Perceived strength in the equities has delivered price gains and brought the S&P through previous areas of resistance and back above 900.00. The proof will be in the pudding to end the week as two...

Hot Potato Last week’s announcement from the Fed following their regularly scheduled meeting helped the market gain traction in its most recent rally. Like pedestrians stepping out from under cover following rain,...