Written by Gary
U.S. stock index futures were unchanged early this morning, a day after the S&P 500 ended at an all-time high and ahead of Federal Reserve Chair Janet Yellen"s take on the economy that investors will peruse for clues on the timing of a rate hike. Then the U.S. Financials posted at 8:30 am sends the U.S. futures falling like a rock and the US dollar rises significantly.
Markets expected to open lower.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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by Challenger Gray and Christmas
As the economy continues to improve and the unemployment rate continues to drop, many are wondering when wages will see improvement. While wages have been slow to recover, wages (which are typically the last piece of the employment mix to recover) should see a healthy rebound in 2015.
Infographic Of The Day: How A Spacecraft Launch Abort Works
A “tractor” escape system was used on the Apollo spacecraft.
FOREX NEWS by DailyForex
Changes are not expected in the Fed’s plan to raise interest rates in the very near future. Fed Chair Janet Yellen will point to some progress in raising employment and lowering inflation when she meets today to discuss the economy’s progress.
The Euro managed to recover some losses made in the wake of the Federal Reserve’s policy release yesterday which tended to support the greenback given that there were no Fed surprises.
The Japanese economy is the third largest in the world, behind the USA and China. Roughly 60% of Japan’s economic output is consumed by the domestic market with 40% of output exported to the rest of the world.
The latest report out of China, its Flash China Manufacturing Output Index, pointed to a drop in factory activity for the third straight month in May, down to 48.4 from an April high of 50.0 and hitting a 13-month low.
After several days when the pressure was high against it, the US Dollar touched a 3-week peak versus the common currency Euro and 2-month high against the Japanese Yen.
by Rodger Malcolm Mitchell, www.nofica.com
Nikos Filis, spokesman for the parliamentary group of Prime Minister Alexis Tsipras"s Syriza party said:
"Our mandate from the Greek people is to reach an agreement where we stay in the euro area without harsh austerity measures."
Online Trading Academy Article of the Week
by Russ Allen, Online Trading Academy Instructor
A few years ago I wrote a series of articles for people who are completely new to the idea of trading options. Options are a really interesting and potentially profitable instrument when used properly, and are certainly my favorite. Since this letter has new readers all the time I felt the time was right to do another set. So, beginning this week we"ll cover the basics of options for the sake of new traders and would-be traders.
21May2015 Market Update: Averages Move Back Up Towards Historic Highs On Weaker Than Expected U.S. D
by Doug Short and Steven Hansen
According to the BLS, the Consumer Price Index (CPI-U) year-over-year inflation rate continues in deflation. The year-over-year core inflation (excludes energy and food) rate was unchanged at 1.8%, and continues to be under the targets set by the Federal Reserve.