Philip Chua Business Blog

Posts Tagged ‘pace’

The dollar rose on Friday, supported by a Spanish credit-rating downgrade and increasing tensions on the Korean peninsula. US stocks, commodities and interest rates fell. Mixed US economic data added to the anxiety about the pace of the economic recovery. The S&P 500 fell 13.65 to 1,089.41 ahead of the

Builders cut back on new projects at a faster-than-expected pace in February and drove down construction spending to the lowest level in eight years.









Construction – Construction and Maintenance – Business – Business and Economy – Real Estate

The economy rocketed ahead at a 5.9 percent pace in the final quarter of 2009, stronger than initially estimated. But the growth spurt isn’t expected to carry over into this year.

Economy of the United States – Business – Financial Services – Investing – Social Science

Consumers and businesses filed for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an Associated Press tally showed Monday.









Bankruptcy – Associated Press – Law – United States – Services

Short dollar positions have been unwound at an impressive pace ahead of year-end. From being very short the dollar only a few weeks ago, speculative investors are now close to being square – and have even turned net long the dollar against the euro.

Moving at a snail’s pace but nevertheless the trend to generalised US dollar weakness is underway. Which currency will lead is unclear though for dollar/yen we continue to favour a series of cautious downside tests of key support between 87.00 and 1995’s 85.00 (below which it spiked to a low…