Non Farm Payroll There was an air of disappointments last Friday when the Non Farm Payroll Report was released. Earlier, economists and private analysts forecasts a huge increase in the Non Farm Payroll for May. The consensus was an increase to 530k, an increase of 240k jobs compared to the 290k jobs increase in April. The Non
There are three important Forex News that will be announced today that will closely watched by traders. These are: 1. The Jobless Claim Change in the United Kingdom 2. The Unemployment Rate in the United Kingdom 3. The Trade Balance in the United States Jobless Claim Jobless Claim is the number of people who are unemployed
BOE Interest Rate The BOE decision on Interest Rate will be announced today. Interest Rate has a very high impact on the financial market. It will determine the short term borrowing rate which in turn will affect the interest rates for loans and the exchange rate of the Pound. It is a mechanism used by Central Banks and in case the BOE to
US Dollar as the Global Currency The status of the US Dollar is being openly challenged. The US Dollar share of Global Currency Reserves dropped noticeably. Its use as a Global Trading Currency has also being eroded. The US Dollar’s days as the key Global Currency could be numbered. The US Dollar share of Global Currency Reserves
The US GDP The US GDP is a gauge of the overall output of goods and services of the U.S. economy. It is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy. If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls
Weakening of the US Dollar Federal Reserve Chairman Ben S. Bernanke in the congressional testimony announced its plan to print money to buy Treasuries and mortgage bonds. The announcement sparked a worldwide concern. In the Global context, the Dollar will lose its demand. At the domestic front, such an action will accelerate inflation.
The US Dollar and the Japanese Yen headed for the biggest weekly declines against the euro since May as U.S. housing starts rose and companies reported earnings that topped analysts’ estimates, boosting demand for higher-yielding assets. The market is indecisive and lack of conviction as you have two distinct camps of bulls and bears
Quantitative Easing Program Discussions of extending the quantitative-easing program beyond the 150 billion pounds is going on. It is a sterling negative action if you view that printing money is a way of cheapening the currency. A cheaper Pound could be the way to stimulate the economy and spurs economic recovery. The probability
US Dollar Dived The confidence on the US Dollar, the US Banking System and its Monetary Policy is eroding. This was earlier expressed in Low Confidence in the US Dollar and Brazil and China not using the US Dollar . Now, another member of the Group of 20, Russia is shouting about a new global currency to replace the US Dollar. In the Forex
Scam With the recession getting deeper and deeper , more Forex Scams are surfacing. The latest scams was reported at the FPA Forex Forum. The definition of Scam by FPA is as follows: Failure to return money owed to traders is the FPA's first definition of Scam. Failing to negotiate in good faith is a violation of ethics that the FPA
The Dollar Drops Forex Traders and Trading Partners of the USA are losing their confidence in the US Dollar. This was expressed in the Forex Market last week. The bearish trend of the US Dollar was intact. The US Dollar continued to be traded at its lowest with the majors and in some cases it was at its lowest since October, 2008. The US
Forex Brokers Bankrupt In the financial sector news of Banks and Mortgage Companies that went bankrupt or seeking bankruptcy protection is common during this recession. At the same time and in the same sector Forex Brokers are also facing financial problem. There are Forex Brokers that have folded and others are fighting for survival. The
A No to US Dollar With the Global Financial Crisis and the recession both starting from the United States, we are looking at the possibility of the loss of confidence in the Financial System of America and the Dollar in particular. It is clearly seen in the case of the possible realization of trading transactions between China and Brazil. The
The Non Farm Payroll The April Non Farm Payroll reported a loss of 539k jobs compared revised 699k job loss in March. Forecasts expected a loss of about 600k to 610k jobs. The Unemployment Rate But the Unemployment Rate for April was not at all a surprise. As expected the unemployment in the US is still on the raise. The Unemployment Rate
ECB Interest Rate Bounced the Euro As widely expected, the ECB cut its benchmark lending rate by 25-basis points to 1.0%. However, the interest rate cut announcement was made by ECB President Trichet's post-decision press conference. This prompted the euro to bounce off its session lows against the dollar and climbed to a one-month high
Interest Rates May 6 (Bloomberg) -- The euro weakened against the dollar for a second day on speculation the European Central Bank policy makers will lower interest rates tomorrow and consider other measures to stimulate growth. The ECB will at least announce something unusual. In terms of policy measures, they’ll be discussing the
Currency Trading and The False GDP Tun Dr Mahathir Mohammad elaborated on the false GDP of the United States in his third installment in a series on the trends that led to the present financial crisis. He specifically pointed out that currency trading is also a culprit in contributing to the false GDP in his posting titled Currency Trading.
