Page 61 - Philly Fed News Today

US data weak; Chinese foreign investment shudders to a halt; Taiwan export orders weak; EU sentiment up; German PPI drops; UST 10yr 3.55%; gold up and oil down; NZ$1 = 61.9 USc; TWI-5 = 69.5

Precious metals have been under pressure since Friday, until finding some support on Wednesday. In the first half of Thursday’s session, gold climbed higher as the bulls looked to recapture and form a base around $2000, a level, which like March last year, has again proved to be a tough nut to crack. It remains to be seen whether it can kick on from here or continue to chop and churn as traders assess conflicting macro signals. The gold outlook has improved because of a drop in US dollar and b...

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as first-time jobless claims rose more than expected last week, signalling a slowdown in the labor market.

Global rates lower after their recent rise; Treasury yields down 5-7bps, German 10-year rate falls for first time in over two weeks. Second-tier US economic data paint softer economic picture and lower oil prices support the move

Gold futures settled higher on Thursday as the dollar turned weak after briefly climbing up in early New York session..

The bond market is certainly in a lull in terms of highly consequential data and events.  It will be almost a full two weeks before the next Fed meeting and jobs report with the Consumer Price Index following a week after that.  That's the caliber of data required for a definitive comment on "what's next" after bonds shuffle off their present orbit around 3.50%.  Like so many SpaceEx rockets, yields looked ready to leave th...

Global manufacturing and services PMI data will be released Friday. The S&P Global PMIs will be watched closely by market participants and could have

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The eighth straight month in negative territory. | Economy

Stocks staged a recovery attempt after coming under pressure in early trading on Thursday but moved back to the downside in the latter part of the session. The major averages finished the day firmly in negative territory.