Post Tagged with: "Unemployment Rate"
Forex Weekly Outlook –June 6-10
Another week saw another sharp downfall of the US dollar. Will this continue into the next week? We have rate decisions in the Euro-Zone, the UK, Australia and New Zealand as well as employment data from the Canada and Australia among other events. Here is an outlook on the important events ahead. Signs of a
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
EUR/USD June 3 – Trading in Perfect Range Before NFP
EUR/USD is trading in a perfect high range, as tension mounts towards the Non-Farm Payrolls release. It reached these levels after there details emerged on a new “adjustment” plan for Greece. There is no confirmation of this just yet. How will it close the week?Here’s a quick update on technicals, fundamentals and what’s going on
Forex Daily Outlook – June 3 2011
Non-farm payrolls in the US and PMI in the UK are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Non-farm payrolls, Monthly report that measures the number employees of all non-agricultural industries. Is expected to reduce by 54K and 190k is forecasted. More in the US,
Forex Daily Outlook – May 31 2011
Consumer confidence, Chicago PMI in the US, employment and inflation in the Euro-zone and a rate decision in Canada are the main events lined up in this busy day. Let’s see what awaits us today. In the US, Chicago Purchasing Managers Index - Monthly release measuring business conditions purchasing managers from Illinois, Indiana and Michigan. An
Forex Daily Outlook – May 30 2011
GDP in Canada and New Home Sales in Australia are the main highlight on today’s outlook. Let’s see what awaits us today. In Canada, Gross Domestic Product (GDP), the broad measure of the Eurozone, total value of all goods and services produced by the Eurozone. Is expected to rise by 0.4% on the monthly repot
EUR/USD Outlook May 30 – June 3
The Euro managed to stabilize and retrace some of its falls, as the Greek crisis continues. How long will it last? The upcoming week consists of key inflation and employment indicators – keys to the rate decision. Here’s an outlook for the upcoming events and an updated technical analysis for EUR/USD. At least 7 new
Forex Weekly Outlook –May 30-Jun 3
US housing Data, GDP, Core Durable Goods Order and of course the Non-Farm Payrolls are the major events this week. Let’s review the market-movers awaiting us today. Fears about Greek restructuring have mounted once again, as it seems that the biggest opponents of this move are beginning to crack. How long will they withhold this
GBP/USD Recovers On Mixed Data
Employment data was mixed, but leans lower – a significant rise in the number of people claiming unemployment benefits was reported in March, 12,400, much higher than expected. On the other hand, the unemployment rate for March unexpectedly dropped to 7.7%. The meeting minutes of the BOE showed no change – there are still 3 members
Forex Daily Outlook – May 18 2011
FOMC Minutes in the US and Unemployment Rate in the UK are the main events today. Here is an outlook on the market-movers awaiting us In the US, FOMC Minutes (Federal Open Market Committee), 8 yearly meetings to evaluates financial, monetary conditions and how it affects the price growth