The Traderszone Network

Results of the latest New Zealand dairy auction:
– On Aug 18, prices rose 14.8%, breaking 10 weeks of declines
On Monday, the New Zealand dollar tumbled nearly 2%.

The pair has not traded at the level since April 28, 2009
The AUDUSD is trading at new session lows (and new lows for the year) as it works it’s way to the natural support at the 0.7000 level. The pair has not traded below that level since April 28, 2009. A move below that level will next look toward the lower trend line at 0.6975. That trend line was last tested on the 1,000 point plunge in the Dow last week.  Traders paid attention then.  Will they be as anxious now?

U.S. construction spending in July climbed to its highest level in more than seven years, boosted by an increase in the building of houses, factories and power plants. The Commerce Department said Tuesday …

It’s a low tier indicator but with the Fed unsure about the economy, everything counts:
– Retail sales index -3.6 vs +11.5 prior
– Employment 6.1 vs 10.1 prior
From the report:

The weakest ISM manufacturing report in two years is sure to give the Federal Reserve more to chew over as the central bank prepares to raise interest rates.
read more

Stocks tumbled hard and in heavy trade at the open Tuesday. The Dow and the S&P 500 shed 2% apiece. The Nasdaq was down 1.7%. Retailers, oil producers and consumer electronics makers were among the worst early losses. Volume swelled — an unusual event in the week ahead of the Labor Day holiday. Trade rose 51% on the Nasdaq and was 40% higher on the NYSE in relation to action at the same time Monday.

read more

High earners will pay more for Medicare Part B and Part D coverage. Here’s why.