US and Canada | Forex trading & Analysis

Weak US data cools Dollar strength

31. March 2010

Share After firm gains on Tuesday a disappointing US job figure pushed the Dollar to weekly lows. The ADP employment figure monitoring private hiring has shed 23k jobs against market consensus of a 40k rise. The highly regarded figure which is considered to be a good indicator for the key Nonfarm payroll which follows has shaken [...]

Investors eye US data

29. March 2010

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Share This week the US economy will gather most of investors’ attention as the week will be loaded with highly significant market moving figures. The Week will open with the US PCE price index one of the Fed’s leading indicators for inflation and a known factor in the Fed’s inflationary outlook. The PCE is expected to [...]

Will Retail sales lift risk appetite?

12. March 2010

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Share Today the retail sales figure is due with investors eyeing a fall of -0.2% MoM. Although the figure expected is negative investors bet on a March rebound in sales as snow storms and harsh winter conditions are considered to be the factors behind the dented February sales. Since the credit crisis has erupted consumer spending [...]

Nonfarm payrolls around the corner

2. March 2010

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Share US nonfarm payrolls and unemployment is due on Friday, the FX market is currently pricing a loss of 50K jobs with consensus bets on a 9.8% of unemployment. Although the market’s main focus is currently on the Greek debt issue nonfarm payrolls is known as a market moving even. Why? Historically after recessions the Fed [...]

Yen and Dollar gain as Forex unrest dominates

25. February 2010

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Share Nervousness in the Forex market resumed as dented US home sales and the Fed’s exit scheme weighed on the Fed’s pledge to low rates. Yesterday the Fed Chairman Ben Bernanke gave his Semi-Annual testimony to Congress. The Fed chairman outlined the move last week to raise the discount rate to 0.75% was strictly a move [...]