Antarctica’s Volcano Caves Might Have Hidden Animals To Discover

Trading 08 sept 2017 Commentaire »
Antarctica might contain extensive cave systems bursting with life, including both plants and animals thriving in areas warmed by volcanic activity.

Kentuckiana Family Will Still Go To Disney World Despite Hurricane Irma

Trading 08 sept 2017 Commentaire »
A Kentuckiana family began the drive to Florida’s Disney World Thursday, despite Hurricane Irma hitting the state, reported Kentucky Fox-affiliate WDRB Thursday.

Treasuries Close Roughly Flat Following Lackluster Session

Trading 08 sept 2017 Commentaire »

After failing to sustain an initial upward move, treasuries showed a lack of direction over the course of the trading session on Friday.

Bond prices spent much of the afternoon lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, closed flat at 2.061 percent.

The choppy trading came as traders expressed some uncertainty about the outlook for treasuries after recent strength dragged the ten-year yield down to its lowest levels in ten months.

Traders may also have been reluctant to make any significant moves as they wait to see the impact of Hurricane Irma, with the massive storm expected to make landfall in Florida early Sunday.

While Irma was downgraded from a category 5 to a category 4, FEMA Administrator Brock Long warned the hurricane continues to be a threat that is going to devastate the U.S. in either Florida or some of the southeastern states.

The approach of Irma comes close on the heels of Hurricane Harvey, which led to widespread devastation and flooding in Texas.

Traders largely shrugged off a report from the Commerce Department showing wholesale inventories rose by more than anticipated in the month of July.

The Commerce Department said wholesale inventories climbed by 0.6 percent in July, matching the downwardly revised increase in June.

Economists had expected inventories to rise by 0.4 percent compared to the 0.7 percent increase originally reported for the previous month.

After a slow start, the economic calendar picks up in the latter part of next week with the release of reports on producer and consumer price inflation, retail sales, and industrial production.

Bond traders are also likely to keep an eye on the results of the Treasury Department's auctions of three-year and ten-year notes and thirty-year bonds.

The Treasury plans to sell $24 billion worth of three-year notes next Monday, $20 billion worth of ten-year notes next Tuesday and $12 billion worth of thirty-year bonds next Wednesday.


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Who Is Tom Bossert, Trump’s Homeland Security Adviser?

Trading 08 sept 2017 Commentaire »
Tom Bossert, the Homeland Security Adviser for President Donald Trump, took the podium Friday to give an update on Hurricane Irma and the recovery process in Texas. He cautioned about how dangerous Irma could be. Irma “has taken lives already. It's going to take more, unfortunately, if we're not prepared,” Bossert said.

U.S. Consumer Credit Climbs More Than Expected In July

Trading 08 sept 2017 Commentaire »

Consumer credit in the U.S. increased by more than anticipated in the month of July, according to a report released by the Federal Reserve on Friday.

The Fed said consumer credit jumped by $18.5 billion in July after rising by a downwardly revised $11.8 billion in June.

Economists had expected consumer credit to climb by $15.1 billion compared to the $12.4 billion increase originally reported for the previous month.

The bigger than expected increase in consumer credit came as non-revolving credit such as student loans and car loans surged up by $15.8 billion in July after climbing by $7.1 billion in June.

Revolving credit, which largely reflects credit card debt, edged up by a more modest $2.6 billion in July after rising by $4.7 billion in the previous month.

The Fed said consumer credit increased by an annual rate of 5.9 percent in July, as revolving and non-revolving credit rose by 3.2 percent and 6.9 percent, respectively.


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Giant Canadian Telescope Will Track Universe’s Expansion, Fast Radio Bursts

Trading 08 sept 2017 Commentaire »
A brand new radio telescope in Canada just started searching space for digitized signals that can help the instruments measure the expansion of the universe. The telescope called the Canadian Hydrogen Intensity Mapping Experiment, or CHIME, uses the digitized signals it collects to create a three dimensional map of hydrogen density to measure the expansion of the universe, according to the CHIME website.

*U.S. Consumer Credit Climbs $18.5 Billion In July

Trading 08 sept 2017 Commentaire »

U.S. Consumer Credit Climbs $18.5 Billion In July


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iPhone 8 Price: Bundle Could Convince People To Buy $1,000 iPhone

Trading 08 sept 2017 Commentaire »
The iPhone 8 is expected to come with a hefty $1,000 price tag, but there might be a way to get the 10th anniversary gadget at a better deal, Barclays analysts say, according to Business Insider. Apple is set to hold its press event next week, in which it is expected to reveal the iPhone 8. Previous iPhone 8 rumors have pointed to numerous new features on the device, including an edge-to-edge OLED screen and face recognition technology.

Troy Gentry Death Rumors Swirl After Helicopter Crash

Trading 08 sept 2017 Commentaire »
Update: Friday, Sept. 8 at 4:05 p.m. EDT — Montgomery Gentry confirmed Troy's death in a public statement.  pic.twitter.com/nLgE0r4z0d — Montgomery Gentry (@mgunderground) September 8, 2017

Crude Oil Tumbles As Rig Count Drops

Trading 08 sept 2017 Commentaire »

Crude oil futures fell Friday, but held onto weekly gains as industry data showed the U.S. oil rig count dropped for a third week in four.

The number of U.S. oil drilling rigs declined by 3 to 756, Baker Hughes said.

Additional rigs may come offline in the coming weeks, as a fifth of U.S. refineries were closed due to Hurricane Harvey.

Two more hurricanes are on the way, suggesting a busy hurricane season in the Gulf of Mexico.

U.S. West Texas Intermediate light crude oil was 2.04 percent, or $1, lower at $48.09 a barrel.

In economic news, U.S. wholesale inventories rose by more than anticipated in the month of July.

The Commerce Department said wholesale inventories climbed by 0.6 percent in July, matching the downwardly revised increase in June.

Economists had expected inventories to rise by 0.4 percent compared to the 0.7 percent increase originally reported for the previous month.


The material has been provided by InstaForex Company - www.instaforex.com