FXIS Market Insights

Noteworthy... 
• The US economy lost 125,000 jobs in June; -225,000 Census, +83,000 private sector (BLS)
• US unemployment rate fell as to 9.5% as 652,000 people gave up on their job search (AP)
• Unemployment in the 16-nation euro zone held stable at 10% in May (Reuters)
• Australian PM Julia Gillard scaled back the country's controversial mining tax (Bloomberg)
• July 1st is the 20th anniversary of the introduction of the D-mark in East Germany (FAZ)
• Euro area inflation estimated at 1.4% (Eurostat)
• Rates on 30-year fixed mortgages fall to 4.58%, lowest level since mid-1950s (AP)
• US pending homes sales dropped 30% in May to lowest level on record (AP)
• The yield on the US 10-year Treasury below at 2.9% lowest level in 14 months (Reuters)
• Foreclosed properties accounted for 31% of US home sales in Q1 of 2010 (Reuters)
• Average price for foreclosed properties was 27% below that of regular sales (Reuters)
• US consumer confidence declined sharply in June to 52.9 (Conference Board)
• US home prices rose 0.8% in April, no sustained rise in sight yet (S&P)
• US Personal income in May 2010 increased 0.4% from April 2010 (ESA)

Weekly Market Barometers

Chart Of The Week
If you have been investing for a number of years, chances are that you experienced all of the emotions described in this neat chart below.  Enjoy!

Source:  http://www.wallstreetcheatsheet.com/

Best wishes for a Happy 4th of July week-end! 

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