Adam Horak's Blog – September 2009 Archive (8)

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT



SEASONALLY ADJUSTED DATA



In the week ending Sept. 19, the advance figure for seasonally adjusted initial claims was 530,000, a decrease of 21,000 from the previous week's revised figure of 551,000. The 4-week moving average was 553,500, a decrease of 11,000 from the previous week's revised average of 564,500.



The advance seasonally adjusted insured unemployment rate was 4.6 percent for the week ending Sept. 12, a… Continue

New statistics released today by the U.S. Bureau of Economic Analysis show that the slowdown in U.S. economic growth was widespread: 60 percent of metropolitan areas saw economic growth slow down or reverse. Real GDP growth slowed in 220 of the nation's 366 metropolitan statistical areas (MSAs) in 2008 with downturns in construction, manufacturing, and finance and insurance restraining growth in many metropolitan areas. Growth in real U.S. GDP by metropolitan area slowed from 2.0 percent in… Continue

The U.S. dollar has moved into areas of overbought territory after the recent bout of dollars strength following the FOMC minutes where the FED reiterated its pledge to keep interest rates near all time lows and sounded less hawkish than many economists had expected. The FED appears to be in no hurry to make changes to the current interest rate police or cease current quantitative easing measures. The recent dollar mood remains bearish overall after the bounce from support levels during the… Continue

The dollar continues to look weak across the board, with the dollar index pushing to new yearly lows just ahead of tomorrows FOMC announcement. Any strength for the greenback seems to be brief followed by quick bouts of dollar selling. The US equities markets opened higher, with the DOW back above the 9800 level, following a broad base rally in European equities. Commodities are firm with gold extending its recent push above $1021 and crude oil back above $71.50. It looks like the greenback… Continue

U.S. Dollar Trading (USD) the rout continued overnight with USD strength being once again turned around and the market testing multiple levels across the board. The catalyst for today's dollar weakness was surprising weakness in July Trade Balance which fell to -32bn vs. -27bn forecast. Compounding Dollar woes was the extension of Global Stocks which further decreased demand for the Safe Haven. Crude Oil up $0.63 closing at $71.94. In US Stocks, DJIA +80 points closing at 9627, S&P +10… Continue

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT



SEASONALLY ADJUSTED DATA



In the week ending Sept. 5, the advance figure for seasonally adjusted initial claims was 550,000, a decrease of 26,000 from the previous week's revised figure of 576,000. The 4-week moving average was 570,000, a decrease of 2,750 from the previous week's revised average of 572,750.



The advance seasonally adjusted insured unemployment rate was 4.6 percent for the week ending Aug. 29, a decrease… Continue

U.S. Census Bureau

U.S. Bureau of Economic Analysis

NEWS

U.S. Department of Commerce * Washington, DC 20230



U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES

July 2009



Goods and Services



The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department

of Commerce, announced today that total July exports of $127.6 billion and imports of

$159.6 billion resulted in a goods and services deficit of $32.0 billion, up… Continue

The Dollar goes out with a bang.



With the summer doldrums coming to an end following the Labor Day holiday the greenback starts off the trading season with a revaluation of price, selling off throughout the European session and into the start of the US session. Traders are still reeling from the moves that began during the European session. The Dollar is now trading at some of the lowest levels of 2009 as the UN called for a replacement to on the dollars influence as the reserve… Continue