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By Mike Dorning, Bloomberg |
January 4, 2013
Fresh from one budget fight, President Barack Obama and Congress are heading for an even bigger confrontation over raising the nation’s debt limit.
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By Anthony Lazzara |
January 3, 2013
We notice that a downtrend channel resistance line has been forming since December in the U.S. 30-year bond. The market has been staying below this important line.
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By Joseph Ciolli and David Goodman, Bloomberg |
January 3, 2013
The dollar gained to its strongest level in almost three weeks against the euro on speculation U.S. policy makers will struggle to reach agreement on raising the nation’s debt limit, underpinning demand for the safest assets.
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By Phil Flynn |
January 3, 2013
The oil market popped in its bullish New Year celebration as the funds that were scared out by the fiscal cliff started to come back in droves.
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By Gopal Ratnam and Nick Taborek, Bloomberg |
January 2, 2013
Defense contractors led by Lockheed Martin Corp., General Dynamics Corp. and Raytheon Co. gained a reprieve from U.S. spending cuts that may prove short-lived.
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By Anthony Lazzara |
January 2, 2013
The Nasdaq is rallying big today, trading up around 65 points. We have a very bullish view on U.S. equity futures indexes with the budget/tax deal being signed.
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By Austin Kiddle |
January 2, 2013
Analysts are split on the outlook for gold price this year. Based on the World Gold Council's data, overall gold demand in the first three quarters in 2012 fell about 8% year-on-year.
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By Dominick Chirichella |
January 2, 2013
For the next month or so most risk asset markets are likely to be driven by the more normal price drivers, which include the state of the European debt situation, global economic growth and the evolving geopolitical situation in the Middle East.
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By Phil Flynn |
January 2, 2013
Oil prices had the shackles removed and spiked higher after the Republicans caved and agree to a bill that will raise taxes on families that earn over $450,000. Of course for oil bulls any deal is better than no deal.
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By Richard Rubin, Roxana Tiron and James Rowley, Bloomberg |
January 2, 2013
The U.S. House passed a bill undoing income tax increases for more than 99 percent of households, giving a victory to President Barack Obama even as Republicans vowed to fight him in coming week.
