Spain Credit Rating Downgraded on Negative Outlook
Spain late Thursday.
Futures
Crude Spikes Through Channel and Fails….Again
Daily Bars Prepared by Jamie Saettele, CMT As long as price is below 10546 (early month high), look lower towards the December and/or February lows at 94/96. Reward/risk is highly favorable against the April high. Interim support is 10310 and focus is on the bottom of the range at 10180. Bottom Line (next 5 days) – lower
National Association of Realtors Survey Data.
U.S. home buyer initiated or signed more contract in March vs February according to the National Association of Realtors survey data.
Dollar Slips after Fed Forecasts Turn Slightly More Hawkish?
Dollar Slips after Fed Forecasts Turn Slightly More Hawkish? British Pound Resilient Despite Double Dip Recession New Zealand Dollar Advances after RBNZ’s Slightly More Dovish Tack Japanese Yen Gains Despite Positive Risk Sentiment Euro: ECB President Draghi Eases His Inflation Tone Canadian Dollar Looking to Capitalize on Break to 7-Month High Gold Recovers from Yet Another Early Fall Thanks to the Dollar Dollar Slips after Fed Forecasts Turn Slightly More
NZ Dollar Rallies as RBNZ Holds Rates
THE TAKEAWAY: RBNZ holds rates at 2.50% > RBNZ wait-and-see approach contrasts with RBA’s dovish bias > Kiwi strengthens
Commodity Settlement Report
Wednesday April 25 Commodities Review
Fed Rate Unchanged
Federal Reserve Plans to Continue Holding Hold Interest Rates Steady ‘Until Late 2014
Breaking News – Durable Goods Orders
Durable Goods Orders Fall 4.2% in March
Commodity Settlement Report
Tuesday April 24 Commodities Review
Breaking Economic News
U.S. single-family home prices climbed for the first time in 10 months, in an encouraging sign the beaten sector is starting to stabilize.
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