Tag: unemployment claims
 |
 |
 |
|||||
Following signals from the U.S. Federal Reserve that American interest rates may be increased sooner then expected, the U.S. Dollar got a significant boost in trading last night and in the early morning today. Today, a full set of Dollar related news events will likely determine the direction the greenback goes for the rest of the week. U.S Unemployment Claims will Determine Today's Trend The U.S. Dollar awaits the publication of the Unemployment Claims at 13:30 GMT from U.S. The result is expected to be 451K, slightly better than the previous result of 482K. This economic news release is expected to be the key driver of forex trading, and trading of the USD's main crosses as the U.S market opens. So far today, the EUR/USD cross is virtually unchanged at the 1.4005 level. The greenback is actually trading about 100 pips lower against the GBP, following a bearish movement for the GBP/USD in last week trading. Against the Japanese currency, the USD/JPY is currently trading at 90.20. The other release today that is set to determine the levels for the USD and its most traded pairs are the Core Durable Goods Order at 13:30 and Treasury Sec Geithner Speech at 14:45 GMT. These are the main events for today, and are set to determine the strength of the main crosses. Therefore, it is advised that you open positions in the major pairs now. Summary USD - Interest Rate Rumors Boost Dollar EUR - Euro Hits near Record Lows against Dollar JPY - USD/JPY Rises Following FED Meeting Crude Oil - Oil Increases Following American Inventories Report
|
|||||||
 |
 |
 |
| Comments | 0 | Hits: 139 |
|
|
|
|||
The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 13:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the Dollar and EUR is the publication of the Industrial Production from the Euro-Zone at 10:00 GMT and Crude Oil Inventories at 16:00 GMT. Traders may find good opportunities to enter the market following these vital announcements. Summary USD - Unemployment Claims Report on Tap - Will USD Weakness Continue? EUR - EUR Strengthens as GBP Sinks JPY - Yen Declines as Stock Market Rallies Crude Oil - Traders Await Crude Oil Inventories Report
|
|||||
|
|
|
| Comments | 1 | Hits: 159 |
|
|
|
|||
The U.S. Unemployment Claims and U.S. Core CPI data are set to drive forex trading today when they are released at 12:30 GMT. If strong economic data continues to be published from the U.S, U.K and Europe today, combined with strong equity performances this may continue to lead to a sell-off of safe haven currencies today, and push investors to higher yielding, riskier currencies as many see the global recession coming to an end. This could also push Crude Oil to the $77 price level. Summary USD - Dollar Falls to a 14-Month Low EUR - EUR Rises on Increased Optimism JPY - Yen Loses Ground on All Fronts Crude Oil - Crude Oil Rises Above $75 a Barrel
|
|||||
|
|
|
| Comments | 0 | Hits: 119 |
|
|
|
|||
The U.S. Non-Farm Employment Change Data is set to be published at 12:30 GMT, and is expected to be the most important news event when it comes to market volatility. Traders are also advised to follow the G20 Meeting that will commence today, and the U.S. Unemployment Claims data at 12.30 GMT. In the meantime, open your positions in the majors now, as today's trading gets under way.
|
|||||
|
|
|
| Comments | 0 | Hits: 136 |
|
|
|
|||
The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 12:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the Dollar and EUR is the publication of the Services PMI for Britain at 08:30 GMT, the EUR Minimum Bid Rate at 11:45 from the Euro-Zone, and the ISM Non-Manufacturing PMI from the U.S. at 14:00 GMT. What are you waiting for traders! Open your positions in the USD, EUR, GBP, and AUD now. Dollar Bearishness Dominates Ahead of Unemployment Claims Report! It seems that prior to today's crucial data releases from the U.S. in the next several hours, the USD has already tumbled considerably. The Unemployment Claims at 12:30 GMT is set to DRIVE the USD's trend today. The ISM Non-Manufacturing PMI figures from the U.S. are also expected to be in the minds of forex traders when it is published at 14:00 GMT. This is very important, as the figure is expected to be higher than previous month's readings. Therefore, a lower figure than 48.3 could lead to an even more bearish USD later on today. Thus far today, the GBP/USD cross is trading higher, as the pair attempts to reach the 1.6400 level later today. The EUR/USD cross is still attempting to make amends by pursuing an upward correction. The pair currently stands at the 1.4300 level, and the pair seems to be moving upwards. In order to take advantage of the current downward breech in the Dollar, it may be wise to open sell positions in the USD. Moreover, you should open large USD and EUR positions now as the upcoming EUR Minimum Bid Rate release at 11:45 GMT is set to lead to high volatility in the forex market. Summary USD - USD Setback Caused by Market Uncertainty EUR - Euro-Zone Interest Rate Decision Today at 11:45 GMT JPY - Yen Continues to Gain from Risk Aversion Crude Oil - Commodities Spike, but Crude Oil Remains Flat
|
|||||
|
|
|
| Comments | 0 | Hits: 117 |
|
|
|
|||
The U.S dollar gained ground Wednesday against the EUR and the British pound, after strong data on orders for new U.S.-made durable goods and new home sales comforted expectations of an improvement in the economy. The greenback traded higher after the durable-goods orders report said orders for July rose by 4.9%, the largest increase in 2 years. Investors will be watching for the new U.S. jobs report today before making significant moves. Summary USD - Dollar Rises on Signs of Economic Recovery EUR - EUR Records Mixed Results against the Majors JPY - The Japanese Yen Extends its Bullish Run Crude Oil - Crude Oil Falls 1.4% on U.S Inventory Data
|
|||||
|
|
|
| Comments | 0 | Hits: 135 |
|
|
|
|||
After suffering a mild setback following the release of yesterday's Federal Funds Rate policy statement, the USD now seems poised for a come-back. At the opening of the US market today at 12:30 GMT, traders will catch a glimpse of US retail sales and unemployment claims which are both expected to show a continuation of growth in the United States helping the USD regain some of yesterday's losses. Summary USD - Dollar Down on All Fronts Except JPY Following Fed Statement EUR - The Sterling Remains under Downward Pressure JPY - Yen Falls on Low Safe-Haven Demand Crude Oil - Oil Prices Rebound above $70 a Barrel
|
|||||
|
|
|
| Comments | 0 | Hits: 152 |
|
|
|
|||
The forex market is expected to be extremely volatile today, as the U.S. releases the results of the Non-Farm Employment Change at 12:30 GMT. The EUR Minimum Bid Rate at 11:45 GMT and U.S. Unemployment Claims at 12:30 GMT are also expected to dominate trading for the USD, EUR, and GBP crosses. Traders are advised to enter the main currency pairs now in order to profit from risk appetite. USD - Dollar Plummets on Release of Poor Economic Data EUR – EUR Boosted By Increased Risk Appetite JPY - JPY Gains against USD Ahead of Crucial U.S. Data Releases
|
|||||
|
|
|
| Comments | 0 | Hits: 140 |
|
|
|
|||
The market is set to go increasingly volatile today on the publication of U.S. Unemployment Claims at 12:30 GMT and the Philly Fed Manufacturing Index at 14:00 GMT, and Treasury Secretary Timothy Geithner's speech at 13:30 GMT . In turn this economic news will help determine the strength of the Dollar versus its major currency pairs going into end of week trading. In order to take advantage of the forex market now, traders are advised to start opening their USD positions now, prior to the release of this crucial data. Summary USD - USD Weakens on Weak U.S. Inflation Data EUR - EUR Jumps On Increased Optimism JPY - Yen Rises Against the USD
|
|||||
|
|
|
| Comments | 0 | Hits: 104 |
TOP BROKER
TOP BONUSES
LiteForex broker offers non-deposit bonus.
100% Match Bonus!!!
Double your deposit with this great offer. Open Account with eToro and get welcome bonus.
TRADERS SURVEY
How many trades do you make per day?
