FXstreet.com

Market Opinion

This report has been deactivated

1

1

Jobless claims, a new record.

Thu, Feb 12 2009, 23:46 GMT
by James Whyte

ForexAmericas


Markets for February 12, 2009 by James Whyte   

In the news: Today the U.S. Markets opened to the downside as numbers from continuing jobless claims climbed to a record and traders speculated the government will have a tough time reviving the U.S. economy. The report released this morning at 8:30am New York time, showed and increase of 623K from a 610K expected. On a positive note Core Retail sales and Retail sales posted an increase of .9% and 1% respectively. Crude oil traded below $34 per barrel on even more concerns about an economic recovery. Oil is down 20% this week alone. The Dow Jones closed -6.77 after being down almost 238 points. The comeback was due to a report from Reuters stating the Obama Administration is considering the possibility of providing more assistance to homeowners who are having trouble making their mortgage payments.


Archive

ForexAmericas  | 5141 Cheryl Drive Huntington Beach, CA 92649
http://www.forexamericas.com/ | info@forexamericas.com

Legal disclaimer and risk disclosure

Any opinions, news, research, analyses, prices, or other information contained on this website or in our newsletters is provided as general market commentary, and does not necessarily constitute investment advice. The ForexAmericas, JW Corp., its affiliates and agents will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Related reports

European Market Update - Greece releases its final 2010 budget by TradeTheNews.com
Fri, Nov 20 2009, 11:30 GMT

Daily Forex Strategy Briefing - Stocks and Currencies at Crossroad by CMS Forex
Fri, Nov 20 2009, 01:51 GMT

Market Session Recaps - New York Session by FOREX.com
Thu, Nov 19 2009, 22:07 GMT

US: Preview of US jobless claims, LEI and Philly Fed by Easy Forex
Thu, Nov 19 2009, 10:27 GMT

Daily Currency Report - US initial jobless claims are scheduled to be released at 1330, followed by the Philadelphia Fed at 1500 by ODL Securities
Thu, Nov 19 2009, 10:06 GMT

employment

View All

Related content

US Regional and State Unemployment Rates for Oct-STATS
Dow Jones | Fri, Nov 20 2009, 15:29 GMT

US Regional and State Unemployment Rates for Oct-STATS
Dow Jones | Fri, Nov 20 2009, 15:21 GMT

Forex: EUR/USD: Euro picks up above 1.4880 after jobless data
FXstreet.com | Thu, Nov 19 2009, 14:04 GMT

Forex: USD/JPY: Dollar dives to test 88.70 support after jobless claims
FXstreet.com | Thu, Nov 19 2009, 13:51 GMT

US Jobless Claims Unchanged At 505K In Nov 14 Week
Dow Jones | Thu, Nov 19 2009, 13:45 GMT

employment


Interested in forex trading? forex brokerage firms!


MG Financial Group
Contact the broker/FDM
Open a demo account
ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
Forex Club Financial Company
Contact the broker/FDM
Open a demo account
FXDD
Contact the broker/FDM
Open a demo account
MIG INVESTMENTS SA
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

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 trade 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.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.