There were 370,000 seasonally adjusted initial claims for unemployment insurance in the US in the week ending May 12, unchanged from the previous week’s upwardly revised level (initially reported as 367,000). The four-week moving average of initial claims, which better controls for weekly volatility, declined to 375,000 from 379,750 the Read More US Initial jobless [...]
Posted in FX News | Tagged 12, claims, ending, expected, higher, in, initial, jobless, may, than, the, us, week
The focus shifts once again from the United Kingdom and the quarterly inflation report to the highly indebted Spanish economy, where all markets will pay attention now to the final growth data for more details whether recession will be confirmed in Spain or not, while tracking the performance of the Read More Spanish Growth In [...]
Posted in FX News | Tagged amid, current, economic, focus, growth, in, situation, spanish, the
The Bank of England has cut its growth forecasts and warned in its May Inflation Report that inflation will stay high for longer than it previously thought. Here are the highlights from the Bank’s policymakers. (Quotes are by Mervyn King unless otherwise stated). Read More Bank of England cuts growth forecasts the highlights
Posted in FX News | Tagged bank, cuts, england, forecasts, growth, highlights, of, the
Read More The Trading Opportunities are Mouth Watering
Posted in FX News | Tagged are, mouth, opportunities, the, trading, watering
Trading the Dragon GBPJPY The British Pound – Japanese Yen currency pair is a volatile offering that presents traders with potentially large moves in price relative to many other pairings. This currency pair is, at times, so volatile that it h 25 Vote(s) Read More Trading the Dragon GBPJPY
Posted in FX News | Tagged dragon, gbpjpy, the, trading
The euro crisis is entering its final stages. Economic pain is now interacting with political resistance to produce intense financial pressure. I expect Greece to leave the euro – and perhaps very soon. Read More The final death throes of the euro
Posted in FX News | Tagged death, euro, final, of, the, throes
The Euro broke decisively lower against the US Dollar as disappointments in Greek elections and broader Euro Zone difficulties proved enough to force a major shift across financial markets. It was initially a feeling of déjà vu as the EURUSD dropped sharply into the first week of May—just as it had done in April only [...]
Posted in FX News | Tagged a, bigger, breakdown, euro, much, of, start, the, tumbles
Risk trends have soured. Rate expectations have receded. Financial uncertainty has returned. And, there is still no imminent sign of fresh stimulus. This is the perfect mix for a wholesale shift towards risk aversion. Read More Anything Standing in the Way of EURUSD, AUDUSD, Dow Bear Trends
Posted in FX News | Tagged anything, audusd, bear, dow, eurusd, in, of, standing, the, trends, way
The European Commission supported volatility to extend in the market amid the current deteriorating sentiment in the market, where the Commission revised growth forecast lower for the euro-area region adding concerns the current austerity-linked solution is weighing sharply on growth, forcing more pressures on lawmakers to find another way around Read More Volatility Extends In [...]
Posted in FX News | Tagged after, commission, european, extends, forecasts, fresh, in, markets, the, volatility
Employment surged by 58,200 in April 2012 with the goods-producing sector adding 70,000 positions and the service sector cutting 11,800. The split between the public and private sectors showed that public-sector employment fell by 19,200 while private employment rose by 85,800 in the month. The number of self-employed edged down Read More Canadas Economy Turns [...]
Posted in FX News | Tagged back, canadas, economy, hiring, machine, on, the, turns
