Dollar Strengthens after Economic Reports
Dollar Strengthens after Economic Reports
Overall: the market moved in a range during the European session, despite gains seen in the Asian session. Momentum is expected to pick up again as we approach the U.S. open, when some important economic reports are released. However, it will probably be just a short burst of liquidity, because of […]
USA: Awful Employment Report
USA: Awful Employment Report
Overview: US companies are shedding jobs fast in order to adjust to the rapid retrenchment in demand. The employment report revealed a job loss figure of -533K (DB: -380K, Consensus: -333K) in November, but also carried net revisions of -199K to September and October. The unemployment rate showed a more moderate increase […]
Another year’s wait for Mackenzie Valley pipeline report
The panel working on a much-anticipated report on the proposed Mackenzie Valley natural gas pipeline says it will release the report in December 2009, stretching out a wait that has already lasted more than a year.
The Joint Review Panel, which is examining the environmental and socio-economic impacts of the proposed $16.2-billion pipeline in the N.W.T., […]