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US unemployment rate drops for all the wrong reasons

posted by Avatar keiragabe 176 days ago in USD, Economic Indicators made popular 176 days ago

CAD: Q3 GDP annualized +3.5% vs. market expectations of +3%. Q2 revised to -0.5% from -0.4%. September GDP +0.2% from August. USD: New jobless claims rise to +402k, largest level in more than a month. This suggests that labor markets are healing but ...  read more
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Bounce In Stocks Halts USD Advance- Watch Key Fibonacci Support

posted by Avatar keiragabe 180 days ago in USD, EUR, Economic Indicators made popular 180 days ago

The greenback fell against three of the four component currencies highlighted by a 1.96% decline against the Australian dollar. The aussie which had fallen eight out of the past ten sessions soared as a relief rally marked by massive short covering saw ...  read more
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Dollar, Yen Set for Weekly Gain Against Majors on European Crisis Concern

posted by Avatar keiragabe 184 days ago in EUR, CHF made popular 184 days ago

Joint euro bonds would immediately lead to a convergence of interest rates in the euro region, Merkel said in comments yesterday at a press conference with Italian Prime Minister Mario Monti and French President Nicolas Sarkozy in Strasbourg, France. ...  read more
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AUD/USD weekly outlook: November 21-25

posted by Avatar keiragabe 188 days ago in AUD made popular 188 days ago

The Australian dollar fell sharply against the greenback on Thursday as euro zone worries overshadowed upbeat US reports on housing and employment. Government data showed that US building permits rose to the highest level since March 2010 in October, ...  read more
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Weekly Outlook November 21-25

posted by Avatar keiragabe 189 days ago in EUR made popular 189 days ago

In case the number of claims succeeds to remain below 375000 and Unemployment rate lower than 9.0%, we will witness a major improvement in the US Job market. Euro-zone German Ifo Business Climate: Thursday, 9:00. German business sentiment dropped ...  read more
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Super committee impasse could help dollar

posted by Avatar keiragabe 189 days ago in CHF made popular 189 days ago

Most likely, though, in our view, CHF and JPY will be the bigger winners if risk comes off sharply. Alternatively, should a last minute package be reached, risk sentiment is likely to improve sharply given the low expectations for a result. ...  read more
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RBA meeting minutes out this morning: Risk for AUD is to downside

posted by Avatar keiragabe 194 days ago in AUD made popular 194 days ago

China's slowing growth and falling inflation, combined with the EZ situation, will be the main global factors and domestically, the very low underlying CPI will also be an important factor. A clear break below the overnight low, and previous pivot, ...  read more
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Futures and Commodities Dollar Slips vs Euro Yen while Gold Crude Oil and ...

posted by Avatar keiragabe 194 days ago in EUR, AUD made popular 194 days ago

Throughout the day the USD began to gain vs the Canadian, Hong Kong and Australian dollars (see intraday chart below). The USD/JPY hit 7711, the EUR/USD hit 1.3751, the GBP/USD hit 1.6059, the CAD/USD hit 1.0114, the USD/HKD hit 7.7794, the AUD/USD hit ...  read more
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USD/JPY back to day lows around 77.60

posted by Avatar keiragabe 200 days ago in USD made popular 200 days ago

Nikkei index keeps trading higher above its opening gap up at +0.97% with gold near day and 6-weeks highs barely below the $1800 figure. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. ...  read more
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EUR/USD will have a tough time holding onto gains as Italian yields ...

posted by Avatar keiragabe 200 days ago in EUR made popular 200 days ago

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ...  read more
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Risk off

posted by Avatar keiragabe 205 days ago in AUD made popular 205 days ago

EUR/USD below 1.38, AUD/USD testing the earlier lows. The opinions and analysis offered on Forexlive are for educational purposes only and clients and prospects are advised to carefully consider the opinions and recommendations offered by the analysts ...  read more
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More Greek Drachma!!

posted by Avatar keiragabe 206 days ago in Economic Indicators made popular 206 days ago

That is likely to become clear in Q4 as we project GDP growth of 0.1%. GBP was among the outperformers through the session, though EUR narrowed the gap amid a late day upswing. GBP/USD remains below the 200-dma ($1.6141) is currently below the 100-dma ...  read more