Good Morning,
Hope everybody had a good morning so far. Unemployment rate fell to 4.9%, but hourly earnings fell 0.2%. The dollar rallied on both numbers. but is steadily falling against the euro. ISM manufacturing index came out today at 50.7% didn't have much effect on the dollar pairs, Which suprised me.
Hope Everybody has a good weekend
JP
Showing posts with label unemployment. Show all posts
Showing posts with label unemployment. Show all posts
Friday, February 1, 2008
Thursday, January 17, 2008
Daily Fundamentals 1/17/2008
Good Morning
Both Housing starts and building permits were down this morning. Unemployment claims were up. Ben Bernanke is live at 9am this morning. That should really move the market. Today is a perfect day for the Fundamental traders, Good news across the board.
US retail says were better this year than last year. That could be caused by deeper discounts. Bank of America announced they are opening 20 new jobs in Dallas TX from the Countrywide Buyout. Merrill lynch announced a record loss from a 15 billion dollar write down for failed investments.
Good luck today.
Both Housing starts and building permits were down this morning. Unemployment claims were up. Ben Bernanke is live at 9am this morning. That should really move the market. Today is a perfect day for the Fundamental traders, Good news across the board.
US retail says were better this year than last year. That could be caused by deeper discounts. Bank of America announced they are opening 20 new jobs in Dallas TX from the Countrywide Buyout. Merrill lynch announced a record loss from a 15 billion dollar write down for failed investments.
Good luck today.
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