The US dollar made gains, including against the other “safe haven” currency – the yen. As one month ends and another begins, will we higher volatility? Important US data is coming our way with ADP Non-Farm Employment Change, Manufacturing PMI and jobless claims which all lead to the all important Non-Farm Payrolls – just days…
Posts Tagged ‘ Unemployment claims ’
Forex Daily Outlook October 25 2012
Unemployment Claims in the US and Prelim GDP in the UK are the major market-movers. Let see what awaits us today. In the US, Durable Goods Orders, value all the new manufacturers’ purchase orders for durable goods, 7.1% is calculated now from -13.2% on September. Similar rise is due on the Core Durable Goods Orders…
Forex Weekly Outlook October 22-26
The US dollar and the yen retreated in a mild “risk on” week. Rate decision in the US and Canada, as well as initial GDP estimates for Q3 from the US and the UK are among the major events on our table this time. Here is an outlook on the main market-movers coming our way…
US Jobless Claims Jump to 388K – USD/JPY Retreats
Initial jobless claims in the US rose to 388K. A rise from last week’s initial surprising figure of 339K to 370K was expected. Last week’s figure was indeed revised to the upside, but only to 342K. It was undoubtedly an outlier. EUR/USD was trading steadily around 1.3120 before the release. USD/JPY was on the move, trading at…
EUR/USD Oct. 18 – Steady Ahead of European Economic Summit
After a strong rally this week, EUR/USD is steady, as 27 European leaders are meeting in Brussels for the European Economic Summit. Will the euro’s momentum continue after the Summit? Spain received a dose of good news after the Moody’s credit agency maintained the country’s credit rating, and Spanish bond prices have fallen since the announcement. In the US, the economy…
Forex Daily Outlook October 18 2012
Unemployment Claims in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, weekly indicator to value the individuals that filed for unemployment insurance for the first time, 367K is due this week from 339K on the last report. Read the rest…
Forex Weekly Outlook October 15-19
The US dollar eventually saw some gains in a week where currencies sought a direction. The all-important EU Summit as well as retail sales, inflation figures and Philly Fed Manufacturing Index in the US are our top events for this week. Here is an outlook on the major events coming our way. US jobless claims…
Forex Daily Outlook October 11 2012
Unemployment Claims in the US and Unemployment Rate in Australia are the major market-movers. Let see what awaits us today. Group of Seven (G7) Meetings, finance ministers and central bankers from 7 industrialized nations, influence the global policy-making and their policies can impact the currency markets. Read the rest of the article Forex Daily Outlook…
Forex Weekly Outlook October 8-12
The US dollar retreated after two strong weeks. Some optimism about global growth (thanks to the NFP) and some new hope for Europe lowered the attraction for the safe haven dollar and yen. ECB President Mario Draghi’ speech, US Federal Budget Balance, Trade Balance and PPI are among the highlights of the week. Here is…