Post Tagged with: "USD/JPY"
US payrolls a mixed bag
Once again, the latest US jobs numbers were, at first glance, better than expected with a significant upward revision in the annual benchmark review also adding a supportive tone to the data. The reaction of the dollar has been understandable, the dollar index up 0.5% on the perception that further QE is now less likely.
Creeping progress in the US
Friday’s GDP numbers confirmed that the US economy ended last year on a decent footing (up 2.8% on annualised basis), even though growth fell short of expectations. However, the pattern of growth was perhaps a little more concerning. Inventory accumulation accounted for nearly three-quarters of the increase in output. Meanwhile, government consumption took nearly 1%
ADP Leaps by 325K – Raises the Bar for Non-Farm Payrolls
ADP Non-Farm Payrolls printed a gain of 325K jobs in the private sector, higher than 176K that was expected. This triggers a rise in USD/JPY. EUR/USD cannot cheer up by this risk-appetite figure and remains depressed. Update: EUR/USD ticks down. Update: Jobless claims are at 372K, a bit lower than 375K that was expected, continuing
ISM Manufacturing PMI Provides Hope for NFP
The US ISM Manufacturing PMI scored 53.9 points. The employment component rose from 51.8 to 55.1 points. This indicates faster growth and is a positive sign for the Non-Farm Payrolls. Early expectations stood on a rise to 53.3 points from 52.7 points initially reported for November. The New Orders component ticked up to 57.6 points,
USD/JPY: Trading the US ISM Manufacturing PMI
The Manufacturing PMI (Purchasing Managers’ Index) is an important leading indicator which focuses on the manufacturing sector. As this index is released at the beginning of each month, analysts and traders closely examine the index for any hint of a market trend. A reading which is higher than the market forecast is bullish for the dollar. Here
Forex 2011 – The Year of the Tortoise and the Hare
Trading volume is thinning down towards the holiday season that marks the end of the year and it’s a good time to look back at movements of currencies in the past year. The fable of the tortoise and the hare seems appropriate to describe this year. The most volatile currency pairs had quite a limited
USD/JPY: 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 during the previous week. A reading which is higher than the market forecast is bullish for the yen. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Thursday at 13:30 GMT. Indicator Background Unemployment
USD/JPY: Trading the University of Michigan Consumer Sentiment
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. A reading that is higher than anticipated by the markets is bullish for the US dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Friday at 14:55 GMT. Indicator Background The University of Michigan Consumer
The US economy is in no state to support the global community
While recent indicators have been positive, the recent crisis in Europe is too strong for the world’s No. 1 economy. In the euro-zone, a rate cut seems likely, at least for easing the pressure for quantitative easing. John Kicklighter of DailyFX discusses the crisis, the US economy, the status of safe haven currencies and more
USD/JPY: Trading the Existing Home Sales Indicator
The Existing Home Sales Report is an important economic indicator, and is utilized by analysts to measure consumer demand in the housing sector. As a house is likely to be the largest purchase that a consumer will make, this indicator provides data about the mood of consumers and the health of the economy. A higher