Monthly Archives: February 2014


Japan’s unemployment rate 3.7% vs. 3.7% forecast

Investing.com – Japan’s unemployment rate remained unchanged last month, official data showed on Thursday.

In a report, the Statistics Bureau said that the percentage of the total work force that is unemployed and actively seeking employment during the previous month remained unchanged at a seasonally adjusted 3.7%, from 3.7% in the preceding month.

Analysts had expected the rate of unemployment to remain unchanged at 3.7% last month.
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Gold futures mixed in early Asian trading after U.S. gains

Investing.com –

Investing.com Gold prices were mixed on Friday in early Asia trade after they rose overnight in the U.S. on stronger than expected weekly jobless claims and cautious statements from Federal Reserve Chair Janet Yellen.

Gold and the dollar tend to trade inversely with one another.

On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at $1,331.50 a troy ounce during Asian trading, up 0.02%.

On Thursday the April contract hit a session low of $1,330.80 and off a high of $1,331.80 to settle at $1,331.30.

Futures were likely to find support at $1,322.80 a troy ounce, Wednesday’s low, and resistance at $1,345.50, Wednesday’s high.

Recent manufacturing, jobs and other economic indicators have disappointed markets, leaving investors unclear if recovery has hit a soft patch or if a string of winter storms has put commerce temporarily on hold.

Speaking before the Senate banking committee, Yellen told lawmakers it was hard to say how much the recent soft data was due to rough winter weather and added that the bank would remain attentive to signals on whether the recovery is progressing in line with expectations.

Her comments softened the dollar by clouding expectations as to how slowly the Fed will taper its monthly bond-buying program, which weakens the greenback by suppressing long-term interest rates to spur recovery, thus making gold an attractive hedge.

Also softening the dollar, weekly data revealed that the number of individuals filing for unemployment assistance in the U.S. last week rose more than expected.

The Labor Department said the number of people filing for initial jobless benefits rose by 14,000 to 348,000 from the previous week’s total of 334,000. Analysts had expected an increase of just 1,000, and the numbers rekindled expectations for a very gradual tapering of Fed asset purchases.

Also on Thursday, the Commerce Department reported that U.S. durable goods orders declined by a seasonally adjusted 1% last month, less than expectations for a 1.5% drop.

Core durable goods orders, excluding volatile transportation items, rose 1.1% in January, the largest increase since May, confounding forecasts for a 0.3% decline, which gave the dollar some support and capped gold’s gains.

Meanwhile, silver for May delivery was flat and trading at US$21.300 a troy ounce, while copper futures for May delivery were down 0.03% at US$3.203 a pound.
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U.K. Gfk Consumer confidence -7 vs. -7 forecast

Investing.com – The U.K. Gfk index of consumer confidence remained unchanged last month, industry data showed on Friday.

In a report, GfK NOP said that U.K. Gfk Consumer confidence remained unchanged at a seasonally adjusted -7, from -7 in the preceding month.

Analysts had expected U.K. Gfk Consumer confidence to remain unchanged at -7 last month.
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Peoples Dinar’s Stevel & Ray Update

Stevel:  Here is some additional information for our update. This member gave me permission to post it.

 This one is from Ray just now at 2PM Arizona Time.

 This is very good news. I see great progress and looking for very positive things ahead.

 Steve, Here is an update on the Maliki news conference today. He told the people that they are giving the Kurds one last chance to sit down and vote on the Budget and if they don’t, Parliament will vote on the Budget sometime next week with a majority vote; Kurds or no Kurds.

Read More Link On Right

He said that the government only has enough money left to pay salaries for another month to two months and that is it.

After that, no more payroll payments or other government services will be paid. He said it is imperative that this Budget gets voted on as soon as possible so monies can be distributed as soon as possible.

 I think this is great news and I really hope that Maliki sticks by his guns and gets this done once and for all. I will keep you posted on any other news I may hear. Take care.

 Blessings,  Ray

  Steve – thanks for the great update last night.  It is getting very interesting.  The continued after hours trading, the lack of currency on the street, shrinking auctions at the CBI, prices of dinar tightening amount currency traders, banks complaining that they have no money, citizens being told they can’t make withdraws because of the lack of currency and then yesterday the CBI says no more transactions in foreign currency. 

Everything must be paid in dinar.  Sure seems like there are 2 choices before the dam breaks………..either flood the street with 3 zeros again so there is liquidity or issue the new lower denominations and change the rate.

  You all have a safe week and weekend.  Steve
Stevel Posted Today, 12:53 PM Here is a small but great update to my post. This members as allowed me to share.

 Steve – thanks for the great update last night.  It is getting very interesting. 

The continued after hours trading, the lack of currency on the street, shrinking auctions at the CBI, prices of dinar tightening amount currency traders,

banks complaining that they have no money, citizens being told they can’t make withdraws because of the lack of currency and then yesterday the CBI says no more transactions in foreign currency. 

Everything must be paid in dinar.  Sure seems like there are 2 choices before the dam breaks………………..either flood the street with 3 zeros again so there is liquidity or issue the new lower denominations and change the rate.

 If you put two and two together, this is very encouraging. 
Have a safe week and weekend. Blessings, Steve

hstrymknwmn, on 27 Feb 2014 – 12:58 PM, said:  I am no expert; but my understanding is the Kurds want to be paid directly from oil proceeds and not go through the govt. (I believe that is right) In my non-expert opinion I don’t think that will have any baring on the RV, imo the Kurds are being greedy right now. I guess I am just overly optimistic right now and look forward to that vote. 😀 

I look forward to someone else’s take. I appreciate the update Steve. Thanks for hanging in there with all of us.

 Stevel:  Yes are are correct, however, the Kurd’s are also getting so much money in the budget of 2014. The problem is you cannot have it both ways. Maliki says, pick one or we will.  I hope this helps.  Blessings, Steve

hstrymknwmn, on 27 Feb 2014 – 2:09 PM, said:  I have a tendency to believe it is done… we shall see. Like so many have said all along it will be a domino effect and we have seen a lot of laws pass. We can’t be far off. imo  🙂

 Stevel:  I absolutely agree.   Blessings, Steve

Australian Private Sector Credit 0.4% vs. 0.4% forecast

Investing.com – The total amount of new credit issued to consumers and businesses in Australia rose last month, official data showed on Friday.

In a report, Reserve Bank of Australia said that Australian Private Sector Credit rose to a seasonally adjusted 0.4%, from 0.5% in the preceding month.

Analysts had expected Australian Private Sector Credit to rise 0.4% last month.


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Australian Private Sector Credit 0.4% vs. 0.4% forecast

Investing.com – The total amount of new credit issued to consumers and businesses in Australia rose last month, official data showed on Friday.

In a report, Reserve Bank of Australia said that Australian Private Sector Credit rose to a seasonally adjusted 0.4%, from 0.5% in the preceding month.

Analysts had expected Australian Private Sector Credit to rise 0.4% last month.


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Australian Private Sector Credit 0.4% vs. 0.4% forecast

Investing.com – The total amount of new credit issued to consumers and businesses in Australia rose last month, official data showed on Friday.

In a report, Reserve Bank of Australia said that Australian Private Sector Credit rose to a seasonally adjusted 0.4%, from 0.5% in the preceding month.

Analysts had expected Australian Private Sector Credit to rise 0.4% last month.


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Australian Private Sector Credit 0.4% vs. 0.4% forecast

Investing.com – The total amount of new credit issued to consumers and businesses in Australia rose last month, official data showed on Friday.

In a report, Reserve Bank of Australia said that Australian Private Sector Credit rose to a seasonally adjusted 0.4%, from 0.5% in the preceding month.

Analysts had expected Australian Private Sector Credit to rise 0.4% last month.


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Australian Private Sector Credit 0.4% vs. 0.4% forecast

Investing.com – The total amount of new credit issued to consumers and businesses in Australia rose last month, official data showed on Friday.

In a report, Reserve Bank of Australia said that Australian Private Sector Credit rose to a seasonally adjusted 0.4%, from 0.5% in the preceding month.

Analysts had expected Australian Private Sector Credit to rise 0.4% last month.


Investing.com offers an extensive set of professional tools for the financial markets.
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