Archive for July, 2013

Crude Slides on EIA Report

by Christopher Lemieuxon July 31, 2013 3:00 pm GMT
Crude cuts gains after the supplies report issued by the Energy Information Administration (EIA) showed a surplus of .4M barrels. Analysts were expecting a shortage of 2.1M barrels while the previous month showed a decline to 2.8M barrels. Price action was generally higher today after a sting of great ADP non-farm payrolls adding 200,000 jobs […]

GBPUSD and AUDUSD Intraday Technical Update: 7.31

by Christopher Lemieuxon July 31, 2013 1:48 pm GMT
The Pound Sterling and Australian dollar have been hammered on the 4H charts. The amount of red is astounding. GBPUSD is down .70 percent while AUDUSD is down 1.06 percent while making new lows. Let’s see what the charts have to tell us: The Pound Sterling broke through support levels on the 4H chart while […]

U.S. Q/Q Advanced GDP Up 1.7 Percent

by Christopher Lemieuxon July 31, 2013 1:26 pm GMT
The United States posted a QoQ increase in gross domestic product by 1.7 percent in the second quarter of 2013, according to the advanced estimate released by the Bureau of Economic Analysis. This advanced estimate may be revised since source data still remains incomplete, however. Private consumption expenditures, exports and nonresidential fixed investment contributed to […]

ADP Non-Farm Payrolls Jump 200,000

by Christopher Lemieuxon July 31, 2013 1:02 pm GMT
From June to July, private sector employment jumps 200,000 according to the July ADP National Employment Survey Report; job gain in June was revised upward to 198,000 from 188,000. Small businesses hired the most in July, 82,000 employees. Medium sized businesses added 60,000 while large businesses increased 57,000. “The U.S. private sector added a total […]