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US Morning Notes

2

0

NFP Report and ECB Press Conference Dominates Trade

Thu, Jul 2 2009, 12:14 GMT
by Easy Forex Team

Easy Forex


FX Highlights

  • The YEN and the US dollar gain ground before NFP news likely will reveal 26 year high in unemployment rates.

  • EUR/US dips to fresh lows on Moody’s downgrades its credit rating on Ireland.

  • The EUR/YEN rally appears to have met resistance at 135.38 possibly halting the uptrend since January.

  • The YEN down ahead of US payroll figures as demand for the riskier assets rise. Volatility hits a 9-month low.

  • GBP mixed as the Office of national Statistics suggest UK GDP down 2.4% for the first 3 months of the year.

  • Pre-Open stock futures indicate lower open with S&P and DOW futures lower.

  • OIL prices lower along with the rest of the energy complex.


Upcoming Events

  • Initial Claims expected at 615K, NFP- expected at -363K,

  • Unemployment rate at 9.3%

  • Factory orders expected at 0.8

  • ISM Non Manufacturing Index expected at 45.5


Archive

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Related reports

US: employment, not as bad as it looks by Danske Bank A/S
Fri, Nov 6 2009, 18:50 GMT

FX View - Headline unemployment rate creates dollar shocker by Interactive Brokers LLC
Fri, Nov 6 2009, 18:41 GMT

Forex Daily Overview - USD mixed, unemployment rises to 10.2% by Easy Forex
Fri, Nov 6 2009, 18:31 GMT

Weekly Market Commentary - Fed, BOE and ECB kept rates on hold by Mizuho Corporate Bank
Fri, Nov 6 2009, 15:45 GMT

US Employment: Skills and Policy Issues—Beyond Stimulus by Wells Fargo Investments, LLC
Fri, Nov 6 2009, 15:25 GMT

employment, eurusd, eur, ecb, centralbanks, nfp, highlighted, usdjpy

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