Markets hung in there today with SPY consolidating in a tight 1 point range near the highs, digesting yesterday’s swift comeback move. Things did heat up quite a bit volume-wise as the HG climbed up again all the way to +22, but this time overall volume took a breather. 115 more words
Tags » $USD
U.S. – Data suggests recovery well under way
The US Commerce Department reported on Tuesday that orders direct to US manufacturers for durable goods fell 0.5% in April, much in line with economists expectations (0.5% decrease) and a huge reversal of fortunes when compared with the strong surge of orders seen during the month of March (4% increase). 326 more words
Australian companies with US dollar earnings will be prime property over the next 12 to 18 months, according Shawn Hickman of Market Matters.