Americas Roundup: Dollar Steadies After U.s. Healthcare Bill Pulled, Oil Rises in Late Trade, Still down on the Week As Glut

Market Roundup •    US Feb durable goods 1.7% V 1.2% forecast, 2.3% previous, core -0.1% v 0.6% forecast, 0.1% previous. •    US Markit Svcs PMI flash Mar 52.9 v 54.2 forecast, 53.8 previous, Mfg PMI flash 53.4 v 54.8 forecast, 54.2 previous. •    US building permits -6.0% vs -6.2% previous. •    Fed’s Dudley: Delicate hikes Read more about Americas Roundup: Dollar Steadies After U.s. Healthcare Bill Pulled, Oil Rises in Late Trade, Still down on the Week As Glut[…]






Crude Oil Trims Weekly Losses, Rig Count Soars

Crude oil futures edged higher Friday, but posted a third straight weekly loss amid further signs of robust U.S. production. Baker Hughes said the number of active U.S. rigs drilling for oil rose by 21 to 652 rigs this week, having surged higher just about every week this winter. U.S. crude oil inventories are already Read more about Crude Oil Trims Weekly Losses, Rig Count Soars[…]






Dollar Little Changed As Healthcare Reform Vote Looms Large

The dollar is turning in a mixed performance against its major rivals Friday afternoon, but is little changed overall. Investors are in a cautious mood ahead of a crucial Congressional vote on healthcare reform. The vote was expected to take place Thursday evening, but House Republican leaders delayed a vote on the bill amid indications Read more about Dollar Little Changed As Healthcare Reform Vote Looms Large[…]






Gold Up 1.5% This Week As Rate Hike Outlook Remains Murky

Gold futures inched higher Friday, adding to weekly gains amid concerns about gridlock in Washington, DC, geopolitical tensions, and slumping equities. Renewed speculation that the Federal Reserve will be very cautious in raising interest rates has also given the precious metal a boost. Speaking today, St. Louis President James Bullard said “the Fed’s policy rate Read more about Gold Up 1.5% This Week As Rate Hike Outlook Remains Murky[…]