The American public will get a competing mix of rhetoric and imagery in President Barack Obama's State of the Union address Tuesday, a speech that offers a heavy dose on the economy even as it plays out against a visual backdrop dominated by the current national debate over guns.
With the economy still trying to find its footing and with millions still out of work, Obama will make a case for measures and proposals that he says will boost job creation and put the economy on a more upward trajectory. Obama's emphasis underscores a White House recognition that while the president seeks to expand his agenda and build a second-term legacy, the economy remains a major public preoccupation. Continue reading "Obama to stress jobs"
Author: The INO.com Team
Today's Video Newsletter: A Snake, an iWatch and the State of the Union
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 11th of February.
2013-THE YEAR OF THE SNAKE
Yesterday was the beginning of Chinese New Year, the year of the snake. Traditionally, the Chinese set off fireworks to mark this holiday and celebrations take place throughout China. This year, sales of fireworks were 37% less than in previous years. This was said to reflect a government appeal to ignite fewer fireworks to avoid more pollution in the cities. The year of the snake means it's going to be a year of steady progress, focus and discipline for the nation of China. Given the crazy world that we are living in, steady progress, focus and discipline are not a bad way to go IMHO. Continue reading "Today's Video Newsletter: A Snake, an iWatch and the State of the Union"
Gold Chart of The Week
Each Week Lo
ngleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.
Weekly Gold Report (February 11th through February 15th)
We begin the week with the board in a sea of red as Currencies and Commodities continue to deal with last weeks ECB meeting. While the initial Interest Rate Decision to leave rates unchanged had little effect on any major market, the language used by Mario Draghi after the fact resulted in decent profit taking in the Euro Futures. In short, he noted the three month rally in the Euro and stated that it could prompt him to revise the inflation projection for next month. Continue reading "Gold Chart of The Week"
Weekly Futures Recap with Mike Seery
We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.
Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.
Energy Futures--- The energy futures had a wild trading week with heating oil the big story after breaking out from 3.10 a gallon a couple weeks back hitting a 3 ½ month high and as I had advised buying the 3 ½ month breakout to the upside now up another 400 points today at 3.2425 in the March contract a gallon hitting an 11 month high up around 800 points for the trading week due to the fact of a big storm hitting New England. Crude oil futures were slightly lower this Friday afternoon down around $2 for the trading week with major resistance at $98 and major support at $95 still stuck in a sideways channel after consolidating after hitting 4 month highs and still trading above its 20 and 100 day moving average. Unleaded gasoline which is been the strongest in the energy sector trading far above its 20 and 100 day moving average consolidating for the week basically trading unchanged this Friday afternoon finishing up over 500 points still at 1 year highs on the fact that demand around the world is increasing tremendously pushing prices up as stock markets are also improving around the world increasing optimism. Continue reading "Weekly Futures Recap with Mike Seery"
Today's Video Newsletter: The market takes a pause before the State Of The Union Address on Tuesday
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 8th of February.
*TO ALL OUR CLIENTS IN THE NORTHEAST, STAY WARM AND SAFE THIS WEEKEND*
THE STATE OF THE UNION ADDRESS ON TUESDAY
I think this week is pretty reflective of a wait-and-see attitude the market is taking to see what Pres. Obama is going to say on Tuesday with his State of the Union address.
I will be on CNBC Asia live from Washington DC shortly after the State of the Union Address on "Cash Flow" around 10pm ET, next Tuesday night (Feb 12th). I will be addressing what the President said and how the markets are likely to respond. With the State of the Union address and the sequestration at the end of this month, there are a lot of uncertainties in most investors' minds. I think that the markets next week and even perhaps for the rest of the month are going to be choppy. Let's check the trends carefully and see how some of the key markets react to these two important events. Continue reading "Today's Video Newsletter: The market takes a pause before the State Of The Union Address on Tuesday"
