Forex Crunch EUR/USD Sep. 2 – Clinging To Low Support Ahead of NFP |
- EUR/USD Sep. 2 – Clinging To Low Support Ahead of NFP
- The day of reckoning
- Forex Daily Outlook – September 2 2011
- US Manufacturing Escapes Contraction – EUR/USD, USD/JPY Up
- Recurring Crisis in Greece – Time for a Change?
| EUR/USD Sep. 2 – Clinging To Low Support Ahead of NFP Posted: 02 Sep 2011 02:01 AM PDT Euro dollar is currently clinging to low support after the downfall. The suspension of the EU / IMF mission to Greece as well as the lower chances of QE3 in the US weigh on the pair, before the monthly circus of Non-Farm Payrolls. Here's a quick update on technicals, fundamentals and what's going on in the markets. Read the rest of the article EUR/USD Sep. 2 – Clinging To Low Support Ahead of NFP       |
| Posted: 02 Sep 2011 12:58 AM PDT There's a frustration on the part of some market participants that there is always such a strong focus on the US employment report, given that the labour market is a lagging indicator of economic fortunes. Nevertheless, the fact that the labour market has been lagging the recovery of the past two years has been the primary issue, with total employment still way below the pre-recession peak of 2008 and the participation rate (those in work or looking) still on a declining trend. For an economy that desperately needs tax revenues and consumers to spend (out of income, rather than borrowing), this has been a thorn in the side of the recovery to date. Furthermore, today's anticipated 68k gain on headline payrolls falls far short of that required to account for the growth in the labour force. A negative headline number will once again increase speculation that the US economy is headed for another recession. Read the rest of the article The day of reckoning     |
| Forex Daily Outlook – September 2 2011 Posted: 01 Sep 2011 02:00 PM PDT Unemployment Rate in the US and Construction PMI in the UK are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Unemployment Rate, value by Percentage the all seeking employment work force, 9.1% is forecasted with not change from the last month. Read the rest of the article Forex Daily Outlook – September 2 2011     |
| US Manufacturing Escapes Contraction – EUR/USD, USD/JPY Up Posted: 01 Sep 2011 07:03 AM PDT ISM Manufacturing PMI slid to 50.6 points, much higher than a drop to 48.7 points that was expected. The escape from falling under 50 points means that the US manufacturing sector is still growing, and reduces the chances for QE3. EUR/USD rises on risk appetite. USD/JPY moves up. The big event is still ahead of us, hence the limited moves. Last month saw a dramatic dip from 55.3 to 50.9 points. This meant that the manufacturing sector hardly grew. One point of light was seen in this report – the employment component was still relatively high. Also now in August, the employment component remained in the growth zone, at 51.7 points. This is a positive sign towards the Non-Farm Payrolls. Read the rest of the article US Manufacturing Escapes Contraction – EUR/USD, USD/JPY Up     |
| Recurring Crisis in Greece – Time for a Change? Posted: 01 Sep 2011 06:33 AM PDT The bailouts for Greece not only failed to solve the problem, but also included a mechanism for a recurring crisis every quarter. And this time, a committee appointed by the Greek finance ministry says the Greece lost control over its debt just as the EU / ECB / IMF inspectors arrive. Oops. Last time it ended in a second bailout. How will it end now?     |
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