Daily Market Commentary for September 2, 2008 from Millennium-Traders.Com
Across the country, major sighs of relief could be heard over the minimal amount of damage caused to oil rigs, oil platforms and oil pipelines was seen, by Hurricane Gustav resulting in the fall of Crude oil today to just under $110 [...]
Tropical Depressions
September 4, 2008 – 9:19 am
Hurricane Season
August 27, 2008 – 11:26 pm
Daily Market Commentary for August 26, 2008 from Millennium-Traders.Com
Gustav, a Category 1 Hurricane is headed toward the Gulf of Mexico and chances are it may gain strength to form as a major Hurricane; possibly as strong as a Category 5.… (read more) http://www.millennium-traders.com/news/newscommentary.aspx
At the NYSE [...]
How does Inflation Effect the Economy
August 13, 2008 – 10:17 am
Daily Market Commentary for August 12, 2008 from Millennium-Traders.Com
Dallas Federal Reserve Bank President Richard Fisher added to the negative sentiment when he commented that the U.S. economy was in a prolonged period of slow growth and could shrink further, later this year. U.S. trade deficit surprisingly shrank in June and [...]
Gold Market
August 13, 2008 – 10:03 am
Daily Market Commentary for August 11, 2008 from Millennium-Traders.Com
A rising dollar and falling oil prices equal a rising stock market as well as, falling Gold market. Gold tumbled lower today with a posted loss of over $36. (read more) http://www.millennium-traders.com/news/newscommentary.aspx
At the NYSE closing bell on [...]
Capital Markets
August 11, 2008 – 9:43 am
Daily Market Commentary for August 8, 2008 from Millennium-Traders.Com
The dollar posted its largest gain against the euro in over six years, during July 2002. A U.S. State Department official involved in the diplomacy called the conflict a "very dangerous situation" and indicated diplomatic moves are ongoing around the globe to [...]
Federal Reserve Interest Rates
August 7, 2008 – 9:22 am
Daily Market Commentary for August 5, 2008 from Millennium-Traders.Com
Federal Open Market Committee decided today to keep its target for the federal funds rate at 2%. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. (read more) http://www.millennium-traders.com/news/newscommentary.aspx
At the NYSE [...]
Personal Income
August 6, 2008 – 1:22 pm
Daily Market Commentary for August 4, 2008 from Millennium-Traders.Com
U.S. Personal Income rose 0.1% in June compared to consensus of a drop by 0.3%; U.S. Personal Spending rose 0.6% in June compared to consensus of an increase by 0.5%; (read more) http://www.millennium-traders.com/news/newscommentary.aspx
At the NYSE closing bell [...]
Bond Market
July 31, 2008 – 2:52 pm
Daily Market Commentary for July 28, 2008 from Millennium-Traders.Com
Covered bonds are issued by banks and backed by cash flows from mortgages or other types of debt. Under this new approach, banks guarantee the bonds, thereby providing an incentive for less risky lending practices. (read more) http://www.millennium-traders.com/news/newscommentary.aspx
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