In the past few months, the Bureau of Labor Statistics has gone out of its way to show that U.S. worker compensation is finally rising. There is one problem with that: while that may be true on an hourly basis… … on a weekly basis, the picture is vastly different. What is happening is that weekly wage growth have gone nowhere in years, but because the average hours worked per week has declined and today hit a 2 year low of 34.4, it translates into more money per hour worked….
Read MoreMonth: April 2016
GBP/USD Weekly Fundamental Analysis – April 4- 8, 2016 -Forecast
The GBP/USD gained just 0.57% last week to trade at 1.4224 seeing an annual fall of 3.49% as Brexit continues to weigh on the currency. Although GDP beat forecasts recently manufacturing data was a bit weaker. The UK outlook is being dominated by the build up to the June 23rd referendum on whether the UK should leave the EU or Brexit for short. The more reliable phone-based opinion polls are showing a lead of close to 10% for the “stay” camp.However, that is down from over 20% at the end…
Read MoreThe Important Bullet Points that Investors Should be Focusing on in the Oil Market (Video)
By EconMatters The Oil Market focuses on some rather silly stuff at times, and the Production Freeze notion, is one such misdirection play. I would rather Bloomberg provide some market insight given their vast resources by reporting on how much Oil Iran is actually able to bring to market versus the rhetoric.
Read More