It’s the first Friday of the month and you know what that means! The latest hard numbers, estimates, and ‘guesstimates’ on the US labour market are released in the afternoon, and given the recent improvement in (labour-related) economic reports consensus has buffed up its forecast to 125,000. Read More Nonfarm Payrolls Eyed As Merkozy Talks [...]
Posted in FX News | Tagged and, as, eyed, merkozy, nonfarm, payrolls, talks |
Walking in this morning it?s hard to decipher what this market really wants to do. Human nature has us and the market by and large hoping for the best and looking on the bright side of life. Fair enough really, however, reality may indeed turn out to be starkly different. Read More Non Farm Friday [...]
Posted in FX News | Tagged farm, friday, hand, non, sitting |
The Bank of England released its financial stability report yesterday which in essence highlighted the fact that has been the main concern of financial markets for a number of months. If the situation in the Eurozone deteriorates into a new credit crunch then the implications for the rest of the Read More Europe The Final [...]
Posted in FX News | Tagged countdown, europe, final, the |
Risk appetite remained restrained following comments by German Chancellor Merkel that a joint euro bond was the ‘wrong solution’. Merkel then went on to say that the ECB ‘can choose its own means of currency stability’. ECB President Draghi defended the ECBs independence, but suggested that some degree of flexibility Read More Talk Of A [...]
Posted in FX News | Tagged a, appetite, fiscal, of, risk, supports, talk, tighter, union |
It’s been a watershed week for asset markets. Global central banks have stood shoulder-to shoulder to keep liquidity pumping into the stressed European banking sector. Risk love nothing more than a liquidity injection and is now set for its biggest weekly gain for 3-years. However, the Bank of England is Read More Risk Tries To [...]
Posted in FX News | Tagged a, end, high, on, risk, the, to, tries, week |
Telegraph View: The unwillingness of the Germans to bankroll indebted countries is prelonging the eurozone crisis. Read More Germany must use its?power in Europe
Posted in FX News | Tagged germany, must, use |
The U.S. ISM manufacturing index rose to 52.7 in November from 50.8 the previous month. The consensus call was for a weaker reading of 51.8. New orders accelerated to 56.7 points from 52.4 prior, the second month in a row above the 50 mark, after being in contraction territory for the entire third quarter. Read [...]
Posted in FX News | Tagged in, index, ism, manufacturing, momentum, november, positive, shows |
The Opposition is so wedded to spending that it can’t see the public has moved on, says Fraser Nelson. Read More If the workers can grasp the need for?austerity, why cant Labour
Posted in FX News | Tagged can, grasp, if, need, the, workers |
Initial unemployment insurance claims rose 6,000 to 402,000 in the week ending November 26, 2011, from an upwardly revised 396,000 (initially reported as 393,000) the previous week. The level of claims was above market expectations for a 390,000 reading. The four-week moving average of initial claims, which normally provides a Read More US Initial Jobless [...]
Posted in FX News | Tagged claims, in, initial, jobless, latest, rose, the, unexpectedly, us, week |
The U.S. manufacturing sector expanded for the twenty-eighth consecutive month in November, and the pace of growth accelerated as the ISM manufacturing index rose to 52.7, which is its highest level in five months, from 50.8 in October. Market expectations had been for a more modest increase to 51.8. In Read More US Manufacturing Sector [...]
Posted in FX News | Tagged a, at, construction, expected, faster, grew, in, manufacturing, november, pace, sector, than, us |
