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Employment Data Calls For An L-Shaped Recovery
Written on 1 Sep, 2010 at 16:48 in Forex | viewed 40 times | 0 Comments
The ADP numbers for the month of August hit the newswires at -10K, meaning that the U.S. economy lost jobs for the first time in 6 months. This release together with the latest macroeconomic data confirms that the U.S. economy is moving away from the recovery path. Going beyond the -10K number, private employment for [...]... (Continue reading)
A New Opportunity To Buy The Usd On The FOMC Minutes?
Written on 31 Aug, 2010 at 17:37 in Forex | viewed 41 times | 0 Comments
On Tuesday and Wednesday, the macroeconomic calendar is packed with a long list of news releases, but in reality just a few of them really matter and have the strength to influence the market. By a large distance, Tuesday’s FOMC minutes will be the most important. If the Fed sees again evidence that growth in [...]... (Continue reading)
S&P 500 Heads South On Weak Economy
Written on 20 Aug, 2010 at 18:26 in Forex | viewed 45 times | 0 Comments
[ForexChaser.com] The S&P 500 Index broke below the 1070.00 support area, reaching the lowest value in a little more than a month. This breakout is a direct confirmation of the bearish momentum that was seen in the market over the last few weeks of trading, triggered by a faltering economy that seems to be going [...]... (Continue reading)
Start The Sunday Session With Caution
[ForexChaser.com] Friday’s closing bell was probably one of the most agitated over the last few weeks. The unemployment data, released during the morning hours, was a major factor in the market since it added new evidence that the U.S. economy is heading towards an L-recovery, rather than a V-shaped one. The initial reactions to the [...]... (Continue reading)
Sell-Off Ahead For The S&P500?
Written on 4 Aug, 2010 at 18:43 in Forex | viewed 80 times | 0 Comments
[ForexChaser.com] Some of you might have notice but lately, things started to look less rosy. The European economy is in a very weak period (even though it is worth noting that Greece/Europe is not heading any more into a bankruptcy), the U.S. economy is showing signs of fatigue, and growth in China is starting to [...]... (Continue reading)
What is Ahead for the Yen?
[DayOnBay] Home of sumos, samurais and sushi, Japan occupies a unique place within world history. Part of this history involves Japan’s ascendency as a centre for international trade and commerce: salarymen, massive conglomerates and innovation serve as some of the defining features of the Japanese economy. In the world of finance, Japan has also played [...]... (Continue reading)
Manufacturing Triggers Split-Dollar Reaction
Written on 16 Jul, 2010 at 0:16 in Forex | viewed 88 times | 0 Comments
[ForexChaser.com] Pushed forward by poor manufacturing data, the Euro, the Pound, the Japanese Yen and the Swissy were today’s top gainers compared to the Usd. On the other hand, the same manufacturing data coupled with weak Chinese GDP numbers acted as a strong drag on the Canadian dollar and for the Australian dollar. The Aud [...]... (Continue reading)
Yen: Battle Ground–Real Investors vs Speculators
Written on 16 Jul, 2010 at 0:09 in Forex | viewed 73 times | 0 Comments
[Marc to Market] Japan’s Ministry of Finance publishes portfolio flows on a weekly basis. The latest data released earlier today shows the general continuation of recent trends. Japanese investors continue to buy foreign bonds and stocks. Over the past nine week, Japanese investors have purchased roughly $87 bln of foreign bonds and $15 bln of [...]... (Continue reading)
Industrial Production Increase Misleading
Written on 16 Jul, 2010 at 0:02 in Forex | viewed 76 times | 0 Comments
[Marc to Market] The 0.1% rise in US industrial output in June seems to defy expectations for the first decline since mid-2009, but the headline is deceiving. Manufacturing, the key component actually fell 0.4%. The headline was flattered by a 2.7% jump in utility output. Utility output also jumped 5.4% in May. Manufacturing output was [...]... (Continue reading)
Chart of the Week: Emerging Europe
Written on 15 Jul, 2010 at 23:54 in Forex | viewed 94 times | 0 Comments
[U.S. Global Investors] Weakness in the euro is a strength for Emerging Europe. A strong currency tends to make exports more expensive, but Germany (the world’s #2 exporter behind China) remained globally competitive even as the euro’s value climbed to record highs against the U.S. dollar. One of the key reasons: German manufacturers cut costs [...]... (Continue reading)
