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By Anthony Lazzara |
June 5, 2013
The JUN13 E-mini S&P 500 is trading down 9 points to 1622. Our key short term pivot level has moved down from 1652 to 1630. If this market can hold below 1630, we look for 1609 to be tested
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By Dominick Chirichella |
June 5, 2013
Oil prices are starting the day higher after a mostly bullish API oil inventory report released late yesterday afternoon. The main surprise was a 7.8 million barrels draw in crude oil stocks.
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By Toni Hansen |
June 3, 2013
Traders will focus on unemployment data this week, as the market struggles near what some say is a short-term top.
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By Marcus Holland |
May 30, 2013
Euro futures were able to gain traction on Thursday as weaker than expected U.S. GDP data combined with an increase in U.S. jobless claims reduced U.S interest rates and weighted on the dollar.
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By Phil Flynn |
May 2, 2013
The Energy Information Agency shocked the market by reporting that U.S. Crude supply increased by 6.7 million barrels putting supply at the highest level in 82 years. So much for that uptick in gasoline demand.
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By Anthony Lazzara |
May 1, 2013
Crude oil, following a much larger than expected supply report, is trading down more than $3 to just above $90. We could see crude heading down to the low $80s.
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By Alex Kowalski, Bloomberg |
May 1, 2013
Companies added fewer workers than forecast in April, an indication the labor market has cooled along with the rest of the U.S. economy.
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By Toni Hansen |
April 26, 2013
Earnings reports will spotlight next week
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By Marcus Holland |
April 12, 2013
Gold futures prices moved lower on Friday after the Commerce Department released worse than expected Retail Sales data. The decline in consumer confidence along with the lack of robust retail buying in March created headwinds for gold traders.
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By John Caiazzo |
April 8, 2013
With analysts and economists invariably incorrect in their reported expectations of important data, I must reiterate: "Better to keep ones mouth shut and be considered ignorant, than to open it and remove all doubt."
