Forex Market Closed Easter
Day Trading News from the economic analysis of the events of April 22, 2010
Economic Events Calendar
March Product Price Index
Last month, the producer prices index fell 0.6% jump in January by 1.4%. The PPI measures prices at the producer level, before passing the cost on to consumers. The increase in inflation at the producer level means that higher interest rates and stock prices. On the other hand, lower inflation means lower interest rates and reduced share prices. The following chart shows that annual PPI provides a smoother estimate monthly trend.
Jobless Claims Weekly
During the first week in April CareerBuilder.com provide a sense of optimism that the number of vacancies has increased. However, insurance claims for unemployment rose for the second week until 24K to 484,000. The increase may be due to Holy Week and National Cesar Chavez Day in California.
Number of unemployment claims to be observed from week 4 of a moving average gives a better perspective on the weekly report. Previously, the average of four weeks of travel increased between 7500 457 750, but still below the previous month.
Home sales in March
Last month existing homes sales fell for the third month falling to 0.6%, which is the lowest in eight months. The low number could have been a result of storms Winter projections that hit home. Sales of homes to provide housing demand for existing homes, condominiums and cooperatives, with sales closed during month. Existing home sales are an important part of the housing industry's sales numbers Friday at home.
Last month We mentioned two housing stocks: Lowe's and Home Depot. Currently, the two populations are near their 52-week highs. Another way to see the figures of home sales is that owners are fixing the resumption of their current home instead of buying or moving to new ones.
Natural Gas Weekly Report
Last week, the Energy Information Administration reported that natural gas has increased more than expected 87 billion cubic feet for the week of April 9. Rising inventories are more likely to keep prices stable or falling as supply exceeds demand.
Service Board SPDR ETF (XLU) has reached a maximum of 52 weeks 32.08 in December, before the operation, at its current level. If inventories natural gas will continue to grow, we must break the support level of 28.50 before taking any short position in natural gas.
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Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News
04/13/09 – Daily Forex Market News from cmsfx.com
