Posted by: Forex Weekly Reports (ActionForex.com)
We are nearing an end of the Census related volatility in the headline employment numbers. As of August there were 82K Census workers remaining to be shed. Nonetheless, weakness in government employment related to fiscal belt tightening by state and local governments will remain a downward influence on headline job
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Posted by: Forex Weekly Reports (ActionForex.com)
The shortfall in the loss of U.S. jobs created a risk-on environment spurring immediate gains for equity index futures, while sinking the dollar and bonds. Yields surged as the 10-year U.S. note sank by three-quarters of a point.
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Posted by: Forex Weekly Reports (ActionForex.com)
It’s that magical time again, the first Friday of the month, which we all know brings the euphoria that is NFP! Couple this with the fact that Monday is a US holiday (Labor day) and you might get an understanding of how this afternoon is going to play out.
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Posted by: Forex Weekly Reports (ActionForex.com)
Overall the currencies were relatively quiet ahead of the key US payroll release. Comments from the Russian Central bank was prepared to invest in Canadian currency in a few weeks time went little noticed since Russia has been the most vocal of the BRIC nations on the desire to create/implement
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Posted by: Forex Weekly Reports (ActionForex.com)
Europe ends this week with services sector’s performance, where the sector witnessed improving conditions across the continent, except for Germany’s that dropped beyond expectations but remained well above 50.0.
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Posted by: Forex Weekly Reports (ActionForex.com)
Yesterday, EUR/USD easily preserved its recent gains, but failed to take further advantage from additional (US) equity gains. Also the impact of the ECB press conference was limited. USD/JPY is still locked near the recent lows. Sterling had to concede some additional losses against the euro in the wake of
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Posted by: Forex Weekly Reports (ActionForex.com)
With US employment data looming in the not so far future as well as the three day weekend in the US, markets were calm and collected in range bound trading to end the week in Asia. Better than anticipated US unemployment data, (472K vs. 476K) and pending home sales data,
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Posted by: Forex Weekly Reports (ActionForex.com)
The dollar rose slightly against the yen in Asia Friday as stable Japanese share prices prompted hedge funds to try to trigger automated stop-loss buying orders. The U.S. unit stood at JPY84.29 as of 0450 GMT from JPY84.21 in New York Thursday as Asian hedge funds were modestly buying the
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Posted by: Forex Weekly Reports (ActionForex.com)
It’s nonfarm day, which means that everything else takes a backseat as the market turns its attention to one thing, and one thing only, the US labour market report. We are quite bearish on the report relative to consensus and worry that this is just a sign of things to
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Posted by: Forex Weekly Reports (ActionForex.com)
Currencies were contained within ranges overnight despite some more positive news on the US data front. Pending home sales grabbed the headlines with a much better-than-expected outcome, up 5.2% m/m vs. -1.0% expected, while the weekly initial jobless claims came a close second with a 472k report, lower than the
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