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Posted in Hotel Furnishings on 06/01/2009 05:45 pm by admin
Day Trading Economic News Analysis: March 24, 2010
Weekly Mortgage Applications
The weekly mortgage applications rose 2.7% reversing last week’s 1.9% decline. The weekly Mortgage Bankers’ Association Purchase Applications is a leading indicator for single-family home sales and housing construction. Equities to watch on these numbers include: Home builders, mortgage lenders, and home furnishings companies.
February Durable Good Orders
Durable Good Orders gained 0.5% in February however fell below the 1.0% consensus. Last month durable good orders posted a 2.6% gain following December’s 1.8% increase. Durable goods reflect the future prospect of the manufacturing industry through placement of new orders. The manufacturing industry is a major component of the economy.
February New Home Sales
Yesterday February Existing Home Sales was down for the third month in a row falling 0.6% of 5.02 million, the lowest in eight months. Today February New Home Sales fell 2.2% to 308,000. Last month new home sales were difficult due to the winter snowstorms and had a lower-than-expected annual rate of 309k versus 360k consensus in January. New home sales fell 7.6% in December and down 22.9% in 2009. New home sales provide demand for housing of newly constructed homes with a committed sale during the month. Equities to watch on these numbers include: Home builders, mortgage lenders, and home furnishings companies.
Weekly Petroleum Report
Crude oil inventories rose for the eighth straight week up 7.3 million barrels. Last week OPEC cartel announced that it will keep oil output ceiling unchanged as it will keep its profit from the falling dollar. Oil is currently trading between the $80 and $81 range compared to last week’s $82 indicating the price of oil has not fluctuated greatly for OPEC to change the output.
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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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Room Divider Panel with Checker Design in Black Finish $34.36 Dimension: (18″W x 3) x 71″H Finish: Black Material: Wood Room Divider Panel with Checker Design in Black Finish Features checker design panels. This is an elegant item that you can use to discreetly separate and divide a room into sections for multi-use. Also available in natural and cherry. Assembly required. … |
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