Dollar Rallies on Job Gains
It finally happened – the American job market gained 162,000 jobs in March. The highest gain in 3 years sends the dollar higher across the board. Not all currencies affected equally. NFP Analysis. Non-Farm Payrolls rose by 162K. This is the first time that the Department of Labor reports a rise in jobs in the [...]
Forex Daily Outlook – April 1st 2010
American Weekly Unemployment Claims and ISM Manufacturing PMI will be in the limelight on April’s fools day, among figures from all over the world. Let’s see what’s up for today. The tension towards Friday’s Non-Farm Payrolls continues to mount. The dollar, that had a rough beginning to the week, is correcting the losses. Will this [...]
Will the Greenback Fly the Non-Farm Payrolls?
The upcoming Non-Farm Payrolls release on April 2nd should be significantly different than previous releases. The special timing and the a realization of the high expectations could send the dollar way up. Here’s a preview. For newbies, and not only them, I recommend reading my 5 notes for Non-Farm Payrolls trading. This is always a very exciting, [...]
Forex Links for the Weekend
The market finishes a wild week of action, with a confusing NFP. Now that the markets are closed, we can sit back and read some interesting forex-related articles, all with a rather larger scope than a single day’s trade. Kathy Lien talks on TV about American and Canadian job numbers and the long term implications. Can’t [...]
Forex Daily Outlook – February 5th 2010
The busy week comes to a climax with the monthly circus around the Non-Farm Payrolls. A gain in jobs is expected in this major release. And there’s more on the menu. Let’s see what’s awaiting us: Australia left the interest rate unchanged at 3.75%, disappointing the markets. The RBA Monetary Policy Statement will give a [...]
3 Vulnerable Currencies Towards the NFP
The dollar is storming through the charts and making gains everywhere before the major release of the Non-Farm Payrolls. Not all currency pairs are equal – some are more vulnerable than others and approaching dangerous levels. A nice gain of jobs in the Non-Farm Payrolls could push them off the cliff. Here’s a quick update [...]
Time for a Positive NFP
Non-Farm Payrolls must show gains in jobs this time – the high expectations became higher with the release of the ADP figure that was better than expected. Will there be dollar rally on Friday? Here’s a preview for the Non-Farm Payrolls for January. Last month’s Non-Farm Payrolls were disappointing and showed a loss of 85,000 [...]
Forex Daily Outlook – February 3rd 2010
A busy day expects forex traders. This includes the “mini-NFP” in the US and critical employment numbers in New Zealand among many figures from all over the world. Let’s see what’s up for today. British Nationwide Consumer Confidence starts the day early with an expected rise from 69 to 70 points. The Pound hasn’t really [...]
Aussie Rate Decision Larger Impact on Markets
The decision to leave Australian’s interest rates unchanged left the Aussie vulnerable and hurt. A look at the decision, the impact for the Aussie and the larger impact for other currencies as the Non-Farm Payrolls are coming. The decision Although it wasn’t totally unexpected, the decision to leave the Australian Cash Rate at 3.75% and [...]
Forex Weekly Outlook – February 1-5 2010
After the surprising American GDP, the first week of February is loaded with major events: rate decisions from Britain, Europe and Australia, job figures from Canada, New Zealand and the US – the almighty Non-Farm Payrolls. Here’s an outlook for the major events of the week. I’m trying a new format of the weekly outlook [...]
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