Written by Gary
Markets dipped into the red at the opening and then started to melt up on falling volume. Oil stopped its decent as the dollar"s rally eased on reports that Greece would avoid a default.
The averages have recovered 75% of yesterday"s losses as skeptics warn there are more losses to come. Many more "stable" analysts write off yesterday"s losses as simple number crunching withing the market system.
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from the Federal Reserve
The Federal Reserve Board"s latest survey of the financial and economic conditions of American households released Wednesday finds that individuals" overall perceptions of financial well-being improved modestly between 2013 and 2014 but their optimism about future financial prospects increased significantly.
Infographic Of The Day: Food Photography
The principles of great food photography from an expert
FOREX NEWS by DailyForex
When Federal Reserve Chair Janet Yellen reiterated her expectations to raise interest rates this year for the first time since 2006 she put smiles on the faces of her peers at central banks around the world.
Last week’s release of inflation data helped to push the US Dollar Index higher and lifted the greenback to an 8-year peak versus the Japanese Yen.
In June, Greece must repay €1.5 billion to the IMF and roll over €5.2 billion in short-term bonds.
Crude oil seems to be making a comeback. With prices rebounding significantly over the last few weeks, traders are jumping back in with expectations of continued gains.
With all the talk by Fed Chairwomen Janet Yellen and other Fed officials that interest rates will be raised by the end of the year, Federal Reserve Vice Chairman Stanley Fischer seems to be taking a different approach, believing that there is a risk to raising interest rates prematurely.
27May2015 Pre-Market Commentary: Futures Up Fractionally Along With The U.S. Dollar, Market Weakness Prevails
Hypocracy about "Rules" in the Eurozone
by Dirk Ehnts, Econoblog101
I have always thought that an inflation-targeting central bank is independent because it follows a clear goal: get inflation to fall in line with the target in the medium term. What I cannot understand is what ECB and Bundesbank are doing.
Written by Gary
After yesterday"s welcome pullback, WTI oil has fallen off its morning hig and the U.S. dollar continues to climb after a quick pit stop. News on Greece is scares, but the old path of somehow scraping through will be the end result.
Markets expected to open higher, but may continue the decent from yesterday.
Written by Steven Hansen
Econintersect"s Economic Index continues to weaken. Most tracked sectors of the economy are relatively soft with most expanding well below rates seen since the end of the Great Recession. When data is this weak, it is not inconceivable that a different methodology could say the data is recessionary. The significant softening of our forecast this month was triggered by marginal declines in many data sets which are dancing closer and closer to zero growth.