Recent Articles
US Jobless Claims at 367K – Gradual Drops Continue
US weekly unemployment claims are at 367K. Early expectations stood on 373K. The initial report for last week’s numbers stood on 377K and was now revised to 379K. The gradual positive trend continues. The four week moving average slid from 377,750 to 375,750. It will likely slide more when the 402K number will drop off the average next week. EUR/USD
Deutsche Bank More Leveraged than Lehman
A new document published by Deutsche Bank shows that in Q4 2011, the large German bank was leveraged at a ratio of 40:1 according to the International Financial Reporting Standards (IFRS). This is higher than Lehman Brothers had. Deutsche Bank is Germany’s largest bank, and the biggest foreign exchange dealer in the world. There has been significant
EUR/USD Sliding in Range as Greek Deal Still Awaited
Euro dollar is sliding in range, still on high ground and beginning to form a downtrend channel. Reports about Greece now focus on the Official Sector Involvement – a haircut for the ECB. Ben Bernanke can weaken the dollar with an official testimony later on, as tension mounts towards the Non-Farm Payrolls. Here’s an update on
Far Eastern Trouble
The Chinese landing issue rose in Q4 2011. Chinese manufacturing PMI is flirting between contraction and growth, around the 50 point mark. We’ll start with China, but it’s not only the world’s No. 2 economy that is suffering. This analysis originally appeared in the Forex Outlook for Q1 2012. You can download the full report
Forex Daily Outlook February 2 2012
Unemployment Claims in US and Construction PMI in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, monthly indicator to value the unemployment insurance that was filed on the last week, is predicted to drop down from 377K to 373K this week. More in the US, Ben
Evolution of Currency
We’ve come a long way from bartering with shells to using nifty rectangular papers to pay for the things we want. But how exactly did we get the opportunity to stuff our wallets with green bills instead of worrying about having enough fish to trade for bread? Money has experienced an incredible evolution over the
ADP Non-Farm Payrolls Rose by Only 170K
ADP Non-Farm Payrolls Rose by only 170K. This is an independent figure for the private sector in the US job market. Early expectations stood on a gain of 189K. Currencies aren’t getting overexcited with this small miss of predictions. ADP surprised last month with an initial report of a 325K gain in the Non-Farm Payrolls
EUR/USD: Trading the US Unemployment Claims
The US Unemployment Claims indicator is published weekly, and measures the number of people filing for unemployment for the first time. A reading which is higher than the market forecast is bearish for the dollar. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Thursday at 13:30 GMT. Indicator Background Unemployment claims
EUR/USD Feb. 1 – Starts Month Under Pressure
Euro dollar starts the new month on lower ground, after breaking below uptrend support. Greek PSI talks are still awaiting an agreement “soon”. How soon is it now? There are doubts if Germany really wants a deal. Important figures are released in the US, which serve as important hints towards the all-important Non-Farm Payrolls on Friday.
Forex Crunch Key Metrics January 2012
The first month of 2012 saw a record high in page views and especially in unique visitors. The jump can only be partially attributed to the return of markets to normal. The main driver of the leap is a one time event, that distorted statistics quite a bit. February will likely see a return to