Not a Member? Join Now!   Already a Member? Sign In!

employment data

Bobbys Corner-Open Market-Feb.4.2011

bob-slade-forex-1-150x200Good Morning:

A quiet session overnight before this morning’s US employment data.

The USD stayed near it’s weekly high, as speculation that the employment data this morning will show that the US added more jobs. 
The majors traded in narrow ranges as traders squared up positions before this morning’s release.
With a large blizzard that caused problems throughout a big section of the country during the time that the US government gathers the NFP data-the numbers this morning may be a bit misleading.  We will wait and see.

Bobbys Corner-Open Market-Feb.3.2011

bob-slade-forex-2-150x200Good Morning:

The USD gained overnight ahead of US data due out today (ISM), which is expected to show that the service sector has increased again, and tomorrows employment data which is expected to show an increase in hiring.
As expected the ECB left interest rates uncharged-and President Trichet will hold a press conference later this morning.
Cable had a good showing overnight with positive data on the UK’s service sectors, raising speculation that the BOE may have some room to raise interest rates later this year.

Bobbys Corner-Open Market-Jan.7.2011

bob-slade-forex-trading-8-150x200Good Morning:

In what is normally a quiet session prior to US employment data (due out at 8:30 AM today)-the Euro lost ground to the USD as data from the EZ (Retail Sales,Trade Balance and GDP) missed expectations.

US employment data is expected to show an increase in jobs-which is adding to the markets optimism that the US economy is gaining traction and looks to gets stronger in 2011.  Hopefully this optimism will also be shared by the business community-thus resulting in new hiring.

Syndicate content