Jan 6, 2012

Forex Crunch EUR/USD Jan. 6 – Under Huge Pressure Before Non-Farm Payrolls

Forex Crunch EUR/USD Jan. 6 – Under Huge Pressure Before Non-Farm Payrolls


EUR/USD Jan. 6 – Under Huge Pressure Before Non-Farm Payrolls

Posted: 06 Jan 2012 03:25 AM PST

Euro dollar is trading low on multiple European issues before the highly anticipated US Non-Farm Payrolls are published. Euro-zone indicators don’t help the euro, to say the least. The credit rating downgrade for France may happen today. Banks across the continent are struggling with cash, with the focus currently on Italy’s Unicredit. The first week of 2012 has already proved very eventful and it is expected to end with a blast.

Here's an update on technicals, fundamentals and what's going on in the markets.

Read the rest of the article EUR/USD Jan. 6 – Under Huge Pressure Before Non-Farm Payrolls

Forex Daily Outlook January 6 2012

Posted: 05 Jan 2012 02:00 PM PST

We summarize this week Non-Farm Employment Change in the US and Halifax HPI in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, Unemployment Rate, monthly report to value the all work force by percentage that is looking for jobs over the past month, rise is forecasted up by 0.1% from December up to 8.7%.

Read the rest of the article Forex Daily Outlook January 6 2012

Jobless Claims Drop to 372K – Raising Hope for Lower Unemployment Rate

Posted: 05 Jan 2012 05:32 AM PST

Weekly jobless claims dropped to 372K, continuing the gradual positive trend of drops in unemployment. Early expectations stood on 375K, so this is practically within expectations.

Last week’s figure was revised from 381K to 387K. All in all, there’s no huge change. The less volatile 4 week moving average dropped from 376,500 to 373,250, the lowest in over three and a half years.

Read the rest of the article Jobless Claims Drop to 372K – Raising Hope for Lower Unemployment Rate

ADP Leaps by 325K – Raises the Bar for Non-Farm Payrolls

Posted: 05 Jan 2012 05:15 AM PST

ADP Non-Farm Payrolls printed a gain of 325K jobs in the private sector, higher than 176K that was expected.

This triggers a rise in USD/JPY. EUR/USD cannot cheer up by this risk-appetite figure and remains depressed. Update: EUR/USD ticks down.

Read the rest of the article ADP Leaps by 325K – Raises the Bar for Non-Farm Payrolls

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