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Economic Report: U.S. GDP slows in second quarter to 2.4% rate

MarketWatch.com - All MarketWatch News - Currencies — Fri, 30 Jul 2010 16:40:00 +0000

The U.S. economy lost momentum in the second quarter, according to figures released Friday, which may raise concerns of an extended soft patch if not an outright contraction.

Source: Economic Report: U.S. GDP slows in second quarter to 2.4% rate
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Currencies: Dollar higher after U.S. GDP, confidence data

MarketWatch.com - All MarketWatch News - Currencies — Fri, 30 Jul 2010 15:24:00 +0000

The U.S. dollar held onto gains as investors wariness of riskier assets fuels demand for the relative safety of the U.S. dollar.

Source: Currencies: Dollar higher after U.S. GDP, confidence data
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Treasurys, dollar up after confidence data

MarketWatch.com - All MarketWatch News - Currencies — Fri, 30 Jul 2010 15:00:47 +0000

NEW YORK (MarketWatch) — Treasury prices and the dollar stayed higher on Friday after the Reuters/University of Michigan index of consumer sentiment was revised to 67.8 in July. A separate report showed manufacturing activity in the Chicago region came in better than expected in July. Yields on 10-year notes , which move inversely to prices, fell 7 basis points to 2.93%. The dollar index , which tracks the U.S. unit against a basket of major currencies, traded at 81.781, compared to 81.790 before the data but still up from 81.559 in North American trade late Thursday. The euro fell to $1.3024, down from $1.3094 late Thursday.

Source: Treasurys, dollar up after confidence data
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Companies to sell $65 billion in bonds in August

MarketWatch.com - All MarketWatch News - Currencies — Fri, 30 Jul 2010 14:21:26 +0000

NEW YORK (MarketWatch) — Companies are expected to continue bringing massive amounts of bonds next month to satiate investor demand and satisfy funding needs at very low rates, according to a Informa Global Markets survey. “On average, people participating in our poll are expecting $65.2 billion to be raised in August,” Informa’s Ken Jaques said Friday. That is the highest average estimate since May, which came in well below expectations. The average amount sold in August is $45 billion, according to Informa. “While we see the capital-raising environment as ideal, we tend to agree with ‘vacation’ scenario” and expect a more average month, Jaques said. So far in July, companies have sold $86.09 billion, up from $59.73 billion in July 2009, attributed to extremely low yield levels for companies. Still, total sales for the year have fallen almost 34% to $556.3 billion. Earlier it the week, debt was sold by AT&T Inc. , McDonald’s Corp. s: [mcd], Kimberly-Clark Corp. , Alcoa Inc. , Union Pacific Corp. and Safeway Inc. . International issuers selling U.S. debt included UBS AG , CIBC and Westpac Banking Corp. [wbk] as well as the countries of Turkey, Brazil, Barbados and Chile, Informa said.

Source: Companies to sell $65 billion in bonds in August
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Economic Report: Euro-zone jobless rate steady, inflation picks up

MarketWatch.com - All MarketWatch News - Currencies — Fri, 30 Jul 2010 14:11:00 +0000

The unemployment rate across the 16-nation euro zone holds steady at 10% in June, where it’s stood since March.

Source: Economic Report: Euro-zone jobless rate steady, inflation picks up
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Currencies: Dollar pares gains after U.S. GDP data

MarketWatch.com - All MarketWatch News - Currencies — Fri, 30 Jul 2010 13:58:00 +0000

The U.S. dollar pares gains versus most major as the first official estimate of second-quarter U.S. economic growth comes in below expectations.

Source: Currencies: Dollar pares gains after U.S. GDP data
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GDP slows in second quarter to 2.4% annual rate

MarketWatch.com - All MarketWatch News - Currencies — Fri, 30 Jul 2010 13:44:22 +0000

WASHINGTON (MarketWatch) — The U.S. economy lost momentum in the second quarter of the year. Real gross domestic product — the inflation-adjusted, seasonally adjusted value of all goods and services produced in the United States — rose at a 2.4% annualized rate in the second quarter, well below the average 4.4% increase over the last six months. The rate of expansion in the first quarter was revised up to a 3.7% rise compared with the prior estimate of a 2.7% increase. Much of the deceleration in the second quarter was due to the trade sector. The 2.4% increase in GDP was close to the 2.5% expansion expected by economists surveyed by MarketWatch. (Fixes time period in the description of the deceleration.)

Source: GDP slows in second quarter to 2.4% annual rate
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Economic Report: GDP slows in second quarter to 2.4% rate

MarketWatch.com - All MarketWatch News - Currencies — Fri, 30 Jul 2010 13:40:00 +0000

The U.S. economy lost momentum in the second quarter of the year, according to figures released Friday, which may raise concerns of an extended soft patch if not an outright contraction.

Source: Economic Report: GDP slows in second quarter to 2.4% rate
Forex signals from: PipHut.com

Treasurys gain, dollar stays up after GDP

MarketWatch.com - All MarketWatch News - Currencies — Fri, 30 Jul 2010 13:34:48 +0000

NEW York (MarketWatch) — Treasury prices climbed slightly and the dollar pared gains after a report said the U.S. economy grew 2.4% in the second quarter, a little lower than many analysts expected, but following a first-quarter that was revised much higher than initially reported. Yields on 10-year notes which move inversely to prices, fell 7 basis points to 2.93%. The dollar index , which tracks the U.S. unit against a basket of major currencies, traded at 81.680, compared to 81.750 before the data and up from 81.559 in North American trade late Thursday. The euro fell to $1.3039, down from $1.3094 late Thursday. Still to come is a pair of regional manufacturing reports and data on consumer confidence.

Source: Treasurys gain, dollar stays up after GDP
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Currencies: Dollar pushes higher ahead of U.S. GDP data

MarketWatch.com - All MarketWatch News - Currencies — Fri, 30 Jul 2010 12:35:00 +0000

The U.S. dollar is higher versus most major counterparts other than the Japanese yen as investors’ appetite for risk remained subdued ahead of the first official estimate of second-quarter U.S. economic growth.

Source: Currencies: Dollar pushes higher ahead of U.S. GDP data
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