Economy World stocks, Asian currencies, commodities and government bond yields are all heading south after China allowed the yuan to fall sharply for a second day, triggering concerns over the country’s economic health. China set today’s yuan daily midpoint reference … Continue reading
Economy After a run of poor economic data, including weak trade figures, China’s central bank surprisingly devalued its tightly controlled currency today to help jump-start its stalling economy. The PBOC set Tuesday’s midpoint at 6.2298 per dollar, compared with 6.1162 … Continue reading
Economy Today’s Economic Calendar 10:00 Labor market condition index 12:30 PM TD Ameritrade IMX Trading In prior DTS Report 08.07.15 we wrote: “Scenario 2: Violation of PL (2070.00) opens door for continued sell down targeting 2064.25″. The actual LOD was … Continue reading
Economy All eyes on Wall Street will be on this morning’s U.S. non-farm payrolls report, which will be the first of two releases ahead of the Fed’s highly anticipated September policy decision. Most economists expect employers to have added more … Continue reading
Economy Today’s Economic Calendar Chain Store Sales 7:30 Challenger Job-Cut Report 8:30 Initial Jobless Claims 8:30 Gallup US Payroll to Population 9:45 Bloomberg Consumer Comfort Index 10:30 EIA Natural Gas Inventory 4:30 Money Supply 4:30 Fed Balance Sheet Trading Price … Continue reading
Economy Today’s Economic Calender 7:00 MBA Mortgage Applications 8:15 ADP Jobs Report 8:30 International Trade 8:30 Gallup U.S. Job Creation Index 8:30 Treasury Refunding Quarterly Announcement 9:45 PMI Services Index 10:00 ISM Non-Manufacturing Index 10:30 EIA Petroleum Inventories Global bond … Continue reading
Economy Today’s Economic Calender 8:30 Gallup US ECI 8:55 Redbook Chain Store Sales 10:00 Factory Orders Oil futures have regained some strength, as investors returned to the market to seek cheap valuations after prices plunged in the previous session. Weighed … Continue reading
Economy Today’s economic calendar: Auto sales 8:30 Personal Income and Outlays 8:30 Gallup US Consumer Spending Measure 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index 10:00 Construction Spending Trading In Friday’s DTS Report we stated: “S&P 500 capped this Cycle’s … Continue reading
Economy Today’s economic calendar: 8:30 Employment Cost Index 9:45 Chicago PMI 10:00 Reuters/U-of-M Consumer Sentiment Trading S&P 500 capped this Cycle’s Rally in fitting style by achieving the Average Cycle Rally Target (2106.75) outlined in prior Daily Trade Strategy Report … Continue reading
Economy U.S. economic growth likely rebounded in the second quarter as healthy consumer spending and residential investment offset the drag from trade and the energy sector. Experts estimate that after a contraction in the first three months of the year, … Continue reading