Posts Tagged ‘Non Farm Payrolls’
Gold and Oil News - November 2, 2012 0:01
There was a moment to start the month this morning where Gold looked like it wanted to take a crack at last week’s high of $1731.45 on the December contract, now the front-month contract.Â But, like the east Pennsylvanian ground hog, it saw its shadow and retreated for the safety of the $1710′s, closing the […]
Important economic events which could have significant affect on the trading of different currencies for the week ending July 8th, 2011 are as follows:- On Monday markets in United States remained closed due to observance of the US Independence Day. In Australia data on building approvals, retail sales and change in numbers of jobs advertised […]
The Euro has been the key loser today, losing 1.6 cents in trade today. Eurozone unemployment figures and GDP figures announced this morning have failed to support the flailing euro. the ECB Chancellor Jean Claude Trichet has said this afternoon that governments should not rely on the ECB for bail outs and that they should […]
The Euro has come under pressure in the last few days as fears mount over sovereign debt contagion. The Euro has fallen against most of the worldâ€™s most actively traded currencies with the key EUR/USD pair making new lows at 1.3170 and GBP/EUR testing the 1.19 mark towards the end of the UK session today.
The US Economic recovery seems to be gathering momentum moving into 2011 as service sector expansion reaches the fastest pace since May 2006.
Bernanke the chairman of the federal reserve has said today that the US might need to extend bond purchases past the the $600 billion announced last month to spur on economic growth. The argument for this extension is based upon fears that the US economy is expanding at a bairly sustainable pace and ongoing fears […]
Nonfarm payrolls in the US advanced 39,000 in November after climbing 172,000 last month amid economistsâ€™ forecasts of a 150,000 gain. The US unemployment rate rose to 9.8 percent to mark the highest level since April of this year. The breakdown of the NFP report indicates that private payrolls rose 50,000, marking the lowest reading […]
Employers in the US have cut considerably more jobs than expected, cutting 95,000 jobs leaving the current unemployment rate in the US at 9.6%. Following this announcement the global stock markets have declined pulling back some of the gains gathered this week so far.