Merrill Lynch cautions against being deceived by the apparent similarities between Canada's housing market now and the U.S. before its crash. Subprime lending accounts for less than 10% of the Canadian mortgage market, unlike that 20% in the U.S. prior to the crisis. Share of total mortgages that are delinquent for three or more months is a miniscule 0.3% in Canada, much lower than the U.S. pre-crisis figure of 2%. "Furthermore, Canadian borrowers aren't squeaking by with monthly payments," Merrill says. A whopping 38% of households surveyed by a mortgage industry umbrella group engaged in some action in the past year to pay off their mortgage faster.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Tuesday, March 11, 2014
USD/CHF Daily
USD/CHF Daily
06:40- The break of the 1.2975 swing low produced only limited follow thro' yesterday. Prices were held within the 1.2950/60 sup. band which coincided with the trendline. A sideways/higher
trade looks possible s/term. Res. is at 1.3010 then 1.3035. Below 1.2958 there may be some sup. at 1.2930/35 but a better level is 1.2900/05
06:40- The break of the 1.2975 swing low produced only limited follow thro' yesterday. Prices were held within the 1.2950/60 sup. band which coincided with the trendline. A sideways/higher
trade looks possible s/term. Res. is at 1.3010 then 1.3035. Below 1.2958 there may be some sup. at 1.2930/35 but a better level is 1.2900/05
Monday, March 10, 2014
charts now on offer track the unemployment rate
The charts now on offer track the unemployment rate--for many observers the most-important measure of job market health. The charts also follow hours worked, labor demand, labor force participation, job losses, wages, and labor market mismatches. Each category can be refined further. For example, the unemployment rate chart can be broken down by age, gender and other subdivisions of job market performance.
"Understanding the workings of the labor market requires closely following the evolution of different aspects of the labor market," the New York Fed said. The charts it is now producing offer a "complete snapshot" of the jobs market, the bank says.
The new charts show an evolving view of how the central bank looks at the jobs market. Aggressive Fed monetary policy actions over recent years have been aimed largely at boosting a jobs market hard hit by the financial crisis and recession. Much of the attention has centered on the rapid rise and more gradual decline of the unemployment rate, as the economy moved to regain its footing.
The Fed brought even more attention to the unemployment rate as a key variable when it began to say in December 2012 that it wouldn't consider raising short-term rates until the jobless rate fell under 6.5%. Since the central bank offered that threshold for potential action, the jobless rate has undergone a much more rapid decline than many had expected.
URL for charts: http://www.newyorkfed.org/labor-conditions/
"Understanding the workings of the labor market requires closely following the evolution of different aspects of the labor market," the New York Fed said. The charts it is now producing offer a "complete snapshot" of the jobs market, the bank says.
The new charts show an evolving view of how the central bank looks at the jobs market. Aggressive Fed monetary policy actions over recent years have been aimed largely at boosting a jobs market hard hit by the financial crisis and recession. Much of the attention has centered on the rapid rise and more gradual decline of the unemployment rate, as the economy moved to regain its footing.
The Fed brought even more attention to the unemployment rate as a key variable when it began to say in December 2012 that it wouldn't consider raising short-term rates until the jobless rate fell under 6.5%. Since the central bank offered that threshold for potential action, the jobless rate has undergone a much more rapid decline than many had expected.
URL for charts: http://www.newyorkfed.org/labor-conditions/
Survey of Consumer Expectations
U.S. consumers see a small acceleration in inflation over the next year, according to a survey released Monday. The Survey of Consumer Expectations from February done by the Federal Reserve Bank of New York, shows consumers think the inflation rate will rise to 3.09% on the one-year horizon, up from 3.0% in January. The median inflation expectations for the next three years edged up to 3.18% from 3.05% a month earlier.
Expectations about home prices, however, slowed last month. The New York Fed survey found consumers think the median gain in home prices during the coming year will be 4.0%, down from a 4.54% increase expected in January.
Expectations about home prices, however, slowed last month. The New York Fed survey found consumers think the median gain in home prices during the coming year will be 4.0%, down from a 4.54% increase expected in January.
U.S. labor-market indicators
A compilation of U.S. labor-market indicators shows further improvement, according to a report released Monday. The Conference Board said its February employment trends index increased to 116.39 from a revised 115.99 in January, first reported as 116.61. The latest index is up 4.4% from a year ago. "February's job report and the ongoing improvement in the Employment Trends Index should provide some relief for those concerned about weakness in the U.S. economy and labor market," said Gad Levanon, director of macroeconomic research at the board.
On Friday, the Labor Department said the U.S. economy created 175,000 jobs in February, better than economists expected, and the unemployment rate ticked up to 6.7% last month from 6.6% in January.
The board said six of the ETI's eight components contributed to the February advance. The biggest positives were the number of temporary jobs and job openings.
On Friday, the Labor Department said the U.S. economy created 175,000 jobs in February, better than economists expected, and the unemployment rate ticked up to 6.7% last month from 6.6% in January.
The board said six of the ETI's eight components contributed to the February advance. The biggest positives were the number of temporary jobs and job openings.
Sunday, March 9, 2014
Trading the futures markets technical traders
The big futures traders and brokers are also using this information. Energy Information Administration (EIA) releases data each week on crude oil and natural gas inventories. The big traders and banks,brokers use this to make their money studying the fundamentals of the market and place their trades accordingly. You should have a calender set up in your trading plan that gives you the dates of the news releases.If you trade the forex market then the non-farm payrolls, unemployment rate are important to watch and the bureau of labor statistics. These all can help you plan your trading strategy and take less risk in the markets.
Stock and Futures Market Trading Help
Friday, March 7, 2014
The 10-year note
Thomas Roth, senior trader at Mitsubishi UFJ Securities (USA) in New York., says there have been buyers taking advantage of the selling in bonds. He says that the 10-year yield around 2.8% is still attractive to some investors because "we still have a lot of work do to get the economy back on track." Michael Franzese, trader at ED&F Man, says trading was not frenetic. "This is just one jobs report and many traders refrain from betting aggressively on further rise in yields," he says. He expects the 10-year yield to be capped at 2.88% in the next few weeks as investors and traders wait for more economic releases to confirm that the US economy will pick up speed. The 10-year note is recently 17/32 lower, yielding 2.799%.
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