Forex Crunch Forex Weekly Outlook January 9-13

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Forex Weekly Outlook January 9-13 Posted: 07 Jan 2012 12:38 AM PST 2012 began with another leg down for the euro, amid growing worries. The euro-zone’s rate decision is the highlight of the upcoming week. Here is an outlook for the major market movers. Last week weekly jobless claims dropped to 372K continuing the recovery process in the labor market after 387K claims in the prior week. ADP Non-Farm Payrolls also surprised with a gain of 325K jobs in the private sector, much better than the 176K predicted. These wonderful readings led to the grand finale event, the Non-Farm Payrolls, surging higher than expected with an addition of 200,000 and another drop in the unemployment rate. These positive figures raise expectations for a stronger job market in 2012. Read the rest of the article Forex Weekly Outlook January 9-13

Non-Farm Payrolls +200K, Unemployment Rate Drops to 8.5%, EUR/USD Breaks Lower Posted: 06 Jan 2012 05:31 AM PST The US job market gained 222K jobs in December. The unemployment rate was set at 8.5%. EUR/USD breaks below 1.2760. The really good news is that the “real unemployment rate”, U-6, dropped again, and now stands on 15.2%. EUR/USD is dropping sharply. It seems that the markets were waiting for the NFP, but not awaiting a specific result, for another move lower. The pair is already at 1.2735. Some support is found at 1.2720. Read the rest of the article Non-Farm Payrolls +200K, Unemployment Rate Drops to 8.5%, EUR/USD Breaks Lower

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