22May2015 Pre-Market Commentary: Investors See Little Future In Today's Financial Posting Sending U. S. Futures Down, U. S. Dollar Up And Oil Down


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.

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What We Read Today 21 May 2015

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.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

As Unemployment Falls Towards 5% - Salaries Have Nowhere To Go But Up

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.

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Video of the Day:

The US Air Force’s secretive X-37B spacecraft made its fourth trip into orbit Wednesday, launching into a classified 200-day mission. Little is known about the unmanned vehicle, which resembles NASA’s now-retired space shuttles, raising the suspicions of some who see nefarious motivations behind the program.

video of day picture

FOREX NEWS by DailyForex

No Surprises expected by Fed’s Yellen

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.

Dollar Eases Back After FOMC

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.

Japanese Economy Expands In Q1

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.

Weak China Factory Output Number Dampen Growth Hopes

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.

Dollar Recovers Broadly as Correction Falters

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.
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Options Trading for Beginners: Part 1

 more opinion

Greece Remains Defiant as It Seeks Creditor Deal This Week

by Rodger Malcolm Mitchell,

Greece"s government said it won"t back down on election pledges to end austerity.

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.


 USA economy at a glance (boxed items are updates in last 7 days)

April 2015 CPI Annual Inflation Rate Continues In Deflation!

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.

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