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Cotton Closes Steady on Friday
Cotton futures were up 1 to 7 points in the front months on Friday, with contracts down 8 points to 20 points higher. December was up 355 points on the week. Crude oil was down 19 cents with the US dollar index $0.063 lower. Commitment of Traders data showed managed money adding another 5,798 contracts…
Almost three-quarters of England now in drought, UK government sa
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Regulators answered half of banks’ data-security asks
Key insight: The Fed, FDIC and OCC promised banks notice within 72 hours of a compromise of their confidential supervisory information. Expert quote: Julie Andersen Hill, dean of the University of Wyoming College of Law, said banks “will not be able to sue to enforce the document,” and that the pledge’s only real force is…
Dollar Gains on US Economic Strength and Hawkish Fed Comments
The dollar index (DXY00) extended this week’s rally today to a 1.75-month high and is up by +0.14%. The dollar has support from signs of strength in the US economy after weekly jobless claims unexpectedly fell to a 2-month low, signaling labor market strength, and after Aug new home sales rose more than expected to…
Housing Week Ahead: Fed Rate Decision, Construction Data, Pending Sales
The upcoming week brings a packed slate of housing data from the Realtor.com economics team, kicking off Monday with our Best Time To Buy report from senior economist Hannah Jones. On Tuesday, senior economist Joel Berner examines builder sales incentives, following up on Wednesday with a review of housing affordability and construction conditions across major…
This overlooked index is a better investment than the S&P 500
We did the math over a 30-year period, and it’s not even close.