Premium
- New York
- London
- Barcelona
- Tokyo
- Sydney
Search
0
0
Daily FX Commentary
Fri, Jul 4 2008, 10:31 GMT
US employment falls again
The monthly US payroll report was close to expectations with a decline of 62,000, the six consecutive decline, while the May data was revised to show a 62,000 drop for the month. The unemployment rate held at 5.5% following the sharp increase seen the previous month. The latest jobless claims data also recorded an increase to 404,000 in the latest week.
The US non-manufacturing ISM index was weaker with a decline to 48.2 in June from 51.7 the previous month as higher prices undermined confidence. The dollar initially weakened to 1.5770, but then rallied back to 1.57 on a spate of short covering ahead of the Independence Day holiday.
Unease over the US economy will tend to limit the scope for dollar gains with doubts as to whether the Fed will be able to increase interest rates. The US currency was holding around 1.5715 in early Europe on Friday with cautious activity given the US holiday.
Published on Fri, Jul 4 2008, 10:32 GMT
Archive
- Daily FX Commentary
Published On Mon, Oct 6 2008, 10:31 GMT - Daily FX Commentary
Published On Fri, Oct 3 2008, 10:26 GMT - Daily FX Commentary
Published On Tue, Sep 30 2008, 10:41 GMT - Daily FX Commentary
Published On Fri, Sep 26 2008, 10:53 GMT - Daily FX Commentary
Published On Wed, Sep 24 2008, 10:22 GMT
Investica Ltd
http://www.investica.co.uk | tim.clayton@investica.co.uk
Legal disclaimer and risk disclosure
Investica's market analysis is not investment advice and must not be taken as recommending particular market positions. Investica can take no responsibility for any actions taken by investors.Interested in forex trading? forex brokerage firms!
  Contact the broker/FDM Open a demo account  |  Contact the broker/FDM Open a demo account |  Contact the broker/FDM Open a demo account |  Contact the broker/FDM |  Contact the broker/FDM Open a demo account |
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.