Post Tagged with: "Non-farm payrolls"
Non-Farm Payrolls Rise Nicely – USD/JPY and USD/CHF Rise
The number of US Non-Farm Payrolls rose by 117K in July 2011. This is slightly better than official expectations that stood on a gain of around 90K. The unemployment rate also surprised with a slide to 9.1%, exceeding expectations of an unchanged value at 9.2%. The dollar rises against the safe haven currencies and drops
Perhaps Some Minor Improvement? 5 Scenarios for the NFP
The monthly circus around the release of the US Non-Farm Payrolls is expected to supply a bit of positive news in the sea of red, at least better than last month’s disaster. No, no dramatic leap is likely, but with the whole world slowing down, a gain in jobs may strengthen the dollar against some
EUR/USD July 11 – Free Falling on Italian Fears
Euro dollar is free falling, after losing uptrend support and various support lines. Fears about the financial situation in Italy as well as a growing acceptance of a Greek default weigh heavily on the Euro. Will it break below the wider range? Here’s a quick update on technicals, fundamentals and what’s going on in the
US doubts of recovery deepen
Hope that the US economy was recovering after a spring lull has been scuppered by the news that non-farm payrolls rose by only 18K last month, well below expectations. There was also a cumulative downward revision to jobs growth in the two previous months by 44K. Looking at this report in detail, the jobs picture
Non-Farm Payrolls Bitter Disappointment – Dollar Weaker
The US economy gained only 18K jobs in June 2011. Bad news. Expectations stood on a rise of about 100K jobs. The unemployment rate remained also disappointed with a rise to 9.2%, . The initial reaction is a stronger dollar against the euro and a weaker one against the yen. The euro recovered quickly. Update:the
The two faces of the ECB
The European Central Bank pushed ahead with its much-anticipated tightening yesterday, at the same suspending collateral rules for Portugal within its liquidity operations. There’s a sense that it is running scared on the liquidity side, whilst at the same time acting tough on the monetary policy side, perhaps in compensation for the former. What remains
EUR/USD July 8 – Sliding From Resistance Before the NFP
Euro dollar is now sliding from high resistance, but still remaining high, enjoying the back wind from Jean-Claude. We have Non-Farm Payrolls, the king of forex, to close the week with a bang. Which direction will it choose? Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian
Big Correction in Jobs? NFP Preview
After a very weak outcome for May, a significant rise in jobs is expected now, given some positive positive signs. This may boost the dollar, but the reaction can be quite different for different currencies. Here are the details and 5 possible outcomes for the greenback. Published on Friday at 12:30 GMT. A very disappointing
The noose tightens on the periphery
The defeat of the incumbent socialists in Portugal’s election was of course no surprise, but nevertheless stands as another reminder of the high political price European politicians are paying (Ireland the other recent example) for pushing through the required austerity, either to avoid a bailout or to meet the conditions of one, as in Greece.
Non-Farm Payrolls Disappoint Everybody – Yen and Franc Biggest Movers
US Non-Farm Payrolls disappointed the even the economists that lowered their expectations: only 54K jobs were gained during May, around a third of what was expected after modifications. Also the unemployment rate rose more than expected, and reached 9.1%. This time, not only safe haven currencies jump, but also EUR/USD follows and temporarily breaks resistance