Forex Crunch Forex Weekly Outlook May 6-10 |
| Posted: 03 May 2013 11:00 PM PDT The US dollar was on the back foot during most of the week, but managed to recover towards the end. Employment data in NZ, Australia and Canada, a rate decision in the UK and Ben Bernanke’s speech are the highlights of this week. Here is an outlook on the top events awaiting us. The ECB rocked the markets: it cut the main lending rate to 0.50% as expected and this helped the euro. But then Draghi left the door open for setting a negative deposit rate, and this already sent the euro tumbling down. The US Non-Farm Payrolls report for April 2013, edged up more than expected pushing unemployment rate to a 4-year low of 7.5%. Revisions to previous numbers were excellent. The strong set of numbers suggest the US economy is not as weak as it may have seemed in earlier data. Will the improvement in the US job market continue ? Let’s Start Read the rest of the article Forex Weekly Outlook May 6-10 |
| Non-Farm Payrolls: +165K, +155K Expected Posted: 03 May 2013 06:04 AM PDT The BLS was expected to show a gain of 155K jobs in the US Non-Farm Payrolls report for April 2013. The unemployment rate was expected to stand at 7.6%, which was the level for March (before revisions). Towards the release, EUR/USD was still digesting the ECB rate decision made yesterday Read the rest of the article Non-Farm Payrolls: +165K, +155K Expected |
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