Spanish PM Rajoy has talked down speculation about his country taking a bailout, despite the little choice he has, after recent credit rating downgrades and upcoming ones. So, markets haven’t priced in a bailout, says David Song of DailyFX. In the interview below, Song also discusses the US elections, prospects for Australia and other topics.…
Posts Tagged ‘ Non-farm payrolls ’
EUR/USD Headed for Even Higher Resistance?
The effects of a better than expected NFP number coming in at +114,000 for September has pushed the EUR through the 1.3050 resistance area. Add to the NFP news the unexpected drop in the US unemployment rate to 7.8% and you have positive momentum for risk appetite. Trend and momentum indicators are pointing higher for…
Huge Revisions Send US Unemployment Rate Lower: Only 7.8%
The US gained 114K jobs in September according to the fresh Non-Farm Payrolls report. Early expectations stood on a gain of 114K jobs, a bit higher than the initial report for August: +96K, that is now revised. The unemployment rate was expected to stand on 8.2% and it fell to 7.8% – quite a shocker.…
EUR/USD Oct. 5 – Struggling to Hold to Highs Before NFP
EUR/USD is struggling to hold on to the important 1.30 line after storming above this line yesterday. Hopes for a quicker solution for Spain boosted the euro after Draghi made clear that the OMT is ready for this country. However, Spain is still moving slowly and so are the chances of seeing a bank recapitalization program anytime soon.…
Charts to End the Week: NFP Day is Here
Good morning. Euro climbed higher against the US dollar after ECB’s Draghi comments on preserving euro. The market is currently quiet – awaiting NFP later today. EURUSD My previous plan to sell into rally to 1.29 wasn’t the best idea, so I’m rather looking for buying opportunities now that resistance at 1.2900 was breached Market…