Thursday, December 24, 2009
5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)
DOLLAR RISES FURTHER HERE BUT COULD BE
FALLING NOW. WE HAVE TO WAIT FOR THE CHARTS
TO UPDATE
Debt ceiling gets short-term increase in Senate
Debt ceiling gets short-term increase in Senate
Move allows government to borrow but issue will be revisited
Explore related topics
Banks
By Robert Schroeder, MarketWatch
WASHINGTON (MarketWatch) -- The Senate on Thursday joined the House in passing a short-term increase in the U.S. debt limit, allowing the government to borrow for a few more months.
Senators voted 60-39 to approve a $290 billion increase in the debt limit, boosting the debt ceiling to $12.4 trillion. The House approved the increase on Dec. 16 in a 218-214 vote and the measure now goes to President Barack Obama for signature.
But the increase only allows borrowing through early February, meaning House and Senate lawmakers will have to kick off an election year with a debate on the debt.
Members of Congress were under pressure to approve an increase before Christmas, and senators could have come back into session next week if they didn't approve the increase Thursday.
Senate Republicans insisted on a 60-vote majority for raising the debt ceiling, which usually requires only a simple majority.
Move allows government to borrow but issue will be revisited
Explore related topics
Banks
By Robert Schroeder, MarketWatch
WASHINGTON (MarketWatch) -- The Senate on Thursday joined the House in passing a short-term increase in the U.S. debt limit, allowing the government to borrow for a few more months.
Senators voted 60-39 to approve a $290 billion increase in the debt limit, boosting the debt ceiling to $12.4 trillion. The House approved the increase on Dec. 16 in a 218-214 vote and the measure now goes to President Barack Obama for signature.
But the increase only allows borrowing through early February, meaning House and Senate lawmakers will have to kick off an election year with a debate on the debt.
Members of Congress were under pressure to approve an increase before Christmas, and senators could have come back into session next week if they didn't approve the increase Thursday.
Senate Republicans insisted on a 60-vote majority for raising the debt ceiling, which usually requires only a simple majority.
GOLD REVERSES QUICKLY AND RUNS UP TO TOUCH THE 75% RETRACE POINT
VOLUME INCREASED BUT IS STILL HOLIDAY LIGHT
GOLD MAY NOW FALL BACK
TRADING IS LETHARGIC DUE TO HOLIDAY LIGHT VOLUMES
NOT A VERY EXCITING BOUNCE OFF THE 1ST 75%
RETRACE POINT, COULD MOVE LOWER
SHORT TRADING SESSION TODAY
BUT GOLD MAY TRADE ON GLOBEX UNTIL 2:15PM PACIFIC TIME
BUT THEIR HOLIDAY SCHEDULE SAY THEY CLOSE AT 12:45 PM CENTRAL TIME
NOT SURE OF IT BUT WATCH FOR IT TO KEEP TRADING
AFTER CRIMEX SESSION CLOSES 12 NOON CENTRAL TIME
SAYS THE HOLIDAY SCHEDULE (IT'S NOT ALWAYS CORRECT!)
HERE'S THE LINK TO THE CME HOLIDAY SCHEDULE:
http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv09-558.pdf
MOST TIMES QUOTED ARE CENTRAL TIME
BUT THEIR HOLIDAY SCHEDULE SAY THEY CLOSE AT 12:45 PM CENTRAL TIME
NOT SURE OF IT BUT WATCH FOR IT TO KEEP TRADING
AFTER CRIMEX SESSION CLOSES 12 NOON CENTRAL TIME
SAYS THE HOLIDAY SCHEDULE (IT'S NOT ALWAYS CORRECT!)
HERE'S THE LINK TO THE CME HOLIDAY SCHEDULE:
http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv09-558.pdf
MOST TIMES QUOTED ARE CENTRAL TIME
Initial jobless claims fall 28,000 to 452,000
Initial jobless claims fall 28,000 to 452,000
Story By Ruth Mantell
WASHINGTON (MarketWatch) -- First-time claims for state unemployment benefits fell a seasonally adjusted 28,000 to 452,000 in the week ended Dec. 19, hitting the lowest level since September 2008, the Labor Department reported Thursday. Economists polled by MarketWatch were looking for an initial claims level of 470,000. The four-week average of new claims fell 2,750 to 465,250, which also the lowest level since September 2008. In the week ended Dec. 12, the number of people who continued to collect benefits fell 127,000 to 5.08 million, the lowest level since February. The four-week average of continuing claims fell 90,000 to 5.23 million, the lowest level since March. The insured unemployment rate remained at 3.9%.
Story By Ruth Mantell
WASHINGTON (MarketWatch) -- First-time claims for state unemployment benefits fell a seasonally adjusted 28,000 to 452,000 in the week ended Dec. 19, hitting the lowest level since September 2008, the Labor Department reported Thursday. Economists polled by MarketWatch were looking for an initial claims level of 470,000. The four-week average of new claims fell 2,750 to 465,250, which also the lowest level since September 2008. In the week ended Dec. 12, the number of people who continued to collect benefits fell 127,000 to 5.08 million, the lowest level since February. The four-week average of continuing claims fell 90,000 to 5.23 million, the lowest level since March. The insured unemployment rate remained at 3.9%.
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