Best Non-Farm Payrolls in 13 Years?
The upcoming Non-Farm Payrolls release on June 4th holds high expectations – a job gain of 500K jobs, the best since 1997, but this includes special government hiring. Here are the things to watch for in this release, and the expected impact on currencies. It’s important to stress that the Non-Farm Payrolls release is the [...]
Will the US Finally See Job Gains?
The American job market has reached a turning point, where a gain in jobs is at a hand. In this preview, there are arguments for both options, expected market behavior and possible strategies for trading this major news event. In a previous post about forex binary options, I’ve shown how a binary option can be [...]
Forex Daily Outlook – November 4th 2009
A very busy day expects forex traders with a rate decision in the US being the highlight of the day. There are important figures from all over the world. Let’s see what’s up: Here’s the Arabic version of this daily forex forecast. British Nationwide Consumer Confidence is expected to edge up from 71 to 72 [...]
Canadian dollar should enjoy good GDP
After being blown away from parity following the rate decision, Canada’s monthly GDP might help the Canadian dollar. The good GDP release in the US could signal that also Canada’s GDP is will be on the bright. Here’s a preview for the Canadian GDP. Canada publishes its monthly GDP on Friday at 12:30 GMT. Canada [...]
Finding New Pairs to Trade
Guest Post by ForexTraders.com By nature, traders, forex or otherwise, can be creatures of habit. That is if we find something that works, we stick with it until it stops working. As it pertains to forex trading, this includes the pairs we trade. Many forex traders get into the game and focus on just one [...]
Moody’s Good Mood – Bad For the Dollar
Moody’s calmed investors by keeping the credit rating a solid Triple A for the US. This lowered fears and casued risk appetite – the dollar is falling across the board. After Britain’s credit downgrade, there were strong fears that this could happen in the US. Today, Moody’s had a good mood for the US dollar. [...]
Dollar Retreats On All Fronts – Week’s Roundup
The US dollar is beaten this Friday. It loses ground everywhere. This happened before the disappointing GDP figure, and also after them. Bad Friday for the greenback, yet again. A long term fall in the dollar is imminent. Economic Figures At the beginning of the week, I wrote about 6 key events, in my post: [...]
Risk Appetite Rules
The first significant figure was released – and it was too good to be true. CB Consumer Confidence was excellent – but the dollar lost it’s early gains. After the North Korean risk aversion reaction – risk appetite is back in the game. Consumer Confidence, supplied by the Conference Board, was much better than expected. [...]
The Road To Recovery is Narrow
After a few long weeks of good news from the American economy, this week’s figures have given a blow to the hopes of recovery. What does this mean for the US dollar? Non-Farm Payrolls, the single top rated indicator, was better than expected, showing a fall of “only” 539K jobs in April. This was the [...]
Hangover from Friday Effect – What’s next for the Greenback?
After Friday’s late dollar selling, the markets have allowed the dollar to breath. Will the dollar recover or has the fall stopped temporarily? On Friday, Non Farm Payrolls were better than expected. "Only" 539K jobs were lost in April, contrary to early expectations that were at -615K and later improved to 590K. The good figure [...]
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