Sep 17, 2011
we’d continue to expect upside to be limited by 1.3972 resistance. Below 1.3703 minor support will flip bias back to the downside for retesting 1.3498 first. Break will confirm...
FOMC Comes and Goes – No Changes, No Surprises – Will This Weaken USD?
Jan 26, 2011
Earlier today we wrote about what we can expect from the FOMC and what economic data the Fed was looking at. What to Expect from Today’s FOMC Decision on Inflation, Growth “As we mentioned the macro-economic data has been better of late, but the Fed statement, while acknowledging the fact, will still remain cautious because of the high unemployment rate....
US Data Mixed; More Jobless Claims Meets Better Trade Report, What’s That Mean for US Economy, USD?
Jan 13, 2011
Jobless Claims Dissapoint, Jump Back Up to 445K The US labor market got a rude surprise with today’s weekly jobless claims. We saw the figure jump by 35K to 445K for the week ended January 1st. Lower jobless claims have been one of the main fundamental signals that the labor market is healing. Combining this with December’s Non-Farm Payroll Report, it...
Lacklustre NFP Release Fails to Move the Markets, as U.S. Debt Limits Are Debated
Jan 11, 2011
Friday we received the non-farm payrolls release, and once again, market`s reaction was very weak, contrasting to the past experience where we would frequently have monthly trends started or ended by the directions indicated by the numbers. This was the case, for instance, during the 2007-2008 crash where the slow reversal in Q4-Q1 employment numbers decisively...
ADP Employment Change Shows Sharp 297K Gain
Jan 5, 2011
The string of good reports for the US economy continue. Automatic Data Processing (ADP) Inc’s employment report showed employment in the private sector expanding by 297K in December. That’s almost triple expectations of a 100K gain. Services producing sector led the way with 270,000 added jobs. This bolsters the hope for Friday’s Non-Farm Paryoll...
US Factory Orders Stronger Than Expected for Nov., EUR/USD Pares Gains
Jan 4, 2011
Another strong report from the US today, this time factory orders. The overall reading was better than expected at +0.7%. Forecasts had called for a small slide. In conjunction with the ISM Manufacturing Index for December that we saw yesterday its further proof that manufacturing activity is quite healthy in the US. Two key points about today’s data. Our...
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