By Fast Brokers - The USD/JPY is rising back towards our 3rd tier downtrend line after the weaker than expected showing from [...]
-
USD/JPY Rises after Disappointing Core Machinery Orders Data
June 10 2009, 5:09pm | Comments »
-
Japanese data disappoints
Manufacturer’s forecast orders will fall by over 5% in the second quarter, against expectations of a 0.5% rise by most analysts. This suggests that the Japanese manufacturing downturn is ongoing. The corporate goods price index fell by 5.4% against expected 5.1%.
- Tags:
- Forex
- Data
- disappoints
June 10 2009, 2:58am | Comments »
-
Dollar Gains on Unexpected Employment Data
EUR/USD declined today as the unexpected data on the May employment market situation surprised and confused the Forex traders. After growing during the early trading session, EUR/USD is now trading at its June’s low near 1.3965. Nonfarm payrolls decreased by 345k in May after sliding by 504k in April (revised positively from -539k change). That was a complete surprise to the market participants as it was almost twice as low as the average decline during the past 6 months. The forecasts also showed 520k decrease of the payrolls. Meanwhile, the unemployment rate rose unexpectedly fast — from 8.9% to 9.4%, and appeared to be above the forecast value of 9.2%. Consumer credit declined by $15.7 billion in April, following a drop by $16.5 billion in March (revised negatively from $11.1 billion drop). Forecasts showed a prediction of $6 billion decline. (...)Read the rest of Dollar Gains on Unexpected Employment Data (12 words) Posted on Forex blog.
Trade with a leading Forex service provider — trade with Ava FX
- Tags:
- Forex
- Data
- Employment
June 5 2009, 10:11pm | Comments »
-
Risk / Reward Thoughts Going Into the NFP Data
Going into tomorrow’s US NFP data there are two themes driving my thinking. The first is that NFP Data is not nearly [...]
- Tags:
- Forex
- Data
- Forex Market Analysis
- NFP
June 5 2009, 4:26pm | Comments »
-
The Greenback Rose After Strong Economic Data
The release of strong economic data from the U.S. economy led to a stock market rally in the U.S. and the rest of the world. This led to strong implications for the Dollar. The Dollar rose against the Yen, whilst dropping against the British Pound. However, there was very little movement against the EUR. The main factors affecting Dollar volatility yesterday were the release of optimistic manufacturing, personal income, and construction figures from the U.S. This led traders to the conclusion that the worst of the economic downturn in the U.S. is over. The results of the data releases led the Dollar to tumble to an 8-month low against the Pound. The pair closed higher by nearly 230 pips at 1.6445. The greenback rose by nearly 140 pips vs. the Yen to 96.37, as investors dropped the JPY for higher-yielding assets. The Dollar’s behavior against the EUR was more stable as the pair remained virtually unchanged, up barely 10 pips at 1.4154. This was mainly due to traders putting their money into riskier investments on both sides of the Atlantic, leading to low volatility in the EUR/USD currency cross. Looking ahead to today, there are 2 important news events coming out of the U.S. These are the Pending Home Sales data set to be released at 14:00 GMT, and the Total Vehicle Sales figures that will be released throughout the afternoon. Forex traders are advised to take up their positions in the Dollar and its major crosses early in the day as markets are likely to go volatile as Europe also publishes unemployment data later in the day. Additionally, investors are likely to weigh-in on the real value of the U.S. Dollar as the forex market still reacts to Monday’s U.S. data.
- Tags:
- Forex
- economic
- Forex News
- Data
June 2 2009, 11:49am | Comments »
1