Daily Market News & Reports

The Double-Dip recession I've been predicting for some time is deepening. And nowhere is the emergence of this powerful economic force more clear than in the housing market. All the fresh economic data confirms that home sales are weakening ... home inventories are rising ... and home price pressure is building. Meanwhile, we're seeing a fresh rise in early-stage mortgage delinquencies after a...

Overview A quiet week with very thin market conditions as summer holidays slowly end and we waited for August's US Non-Farm Payroll (a better than expected -54K). Equity indices rallied, most erasing the losses of the last two or three weeks, Jakarta (3164) to a new record and Malaysia (1,441) its best since January 2008's peak at 1,524. Currencies were mixed, yen (83.66) and Swiss francs (1.0065...

The shortfall in the loss of U.S. jobs created a risk-on environment spurring immediate gains for equity index futures, while sinking the dollar and bonds. Yields surged as the 10-year U.S. note sank by three-quarters of a point.  Eurodollar futures - Eurodollar futures fell out of bed at the back end of the curve with the December 2011 contract slipping six basis points compared to twice...

The US dollar advanced against the Japanese yen after upbeat labor data from the US which showed that employers shed fewer workers last month. The news showed that 54,000 jobs were lost beating estimates of 105,000 while the prior reading was revised down to 54,000 from 131,000. On the other hand, unemployment rate remained at 9.5%, in line with medina estimates. This news continued the optimistic...