Forex 2010 Forecast
Economic Analysis Day Trading News: March 15, 2010
Industrial output shows the amount of manufacturing, mining, electricity and gas are using their resources. It is an important tool for forecasting future GDP and inflation targeting by central banks.
February Industrial Production increased 0.1% after 0.9% in January. December industrial production also rose 0.7% from an average holding Mobile three months of 0.57%. The average three-month moving gives a clearer idea of the trend. However, the future seems to be mixed as other indices showed that both February and the Philadelphia Fed's manufacturing index rose in New York however, the ISM manufacturing index fell back.
Empire March State manufacturing survey fell 22.86 24.91 February but is above the consensus of 22.0. The survey gives a detailed look at manufacturing production New York, which is ahead of other surveys such as the Philly Fed and the ISM manufacturing index.
March housing index decreased to 15 the month of February due to the credit crunch, bad weather 17, and competition with other distressed properties. The housing index shows the demand for new homes and goes from 0 to 100.
Some people see in the housing sector are: Lowes and Home Depot. Both Lowes (LOW) and Home Deport (HD) are now hitting their 52-week high of 25.01 and 32.50, respectively. Homeowners are resuming fix-up and repair their current homes instead of buying or move into new ones.
Housing starts tomorrow in February will be released in the morning the provision of data on new construction activity building. Followed by the announcement of the FOMC in the afternoon to give direction to the markets and interest rates.
Resignation
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About the Author
Shamim Ziyaaudhin is one of the editors of TraderMongers.com, a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University.
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