Employment Change disappoints in the U.S

Friday, 3 June 2011 04:41

The United States released it’s Employment Change and Unemployment Rate figures. Results disappoint as USD spirals downwards drastically against major currencies.

USD falls against most major notes

Wednesday, 1 June 2011 05:02

The American Dollar is falling deeper as it drops against all major currencies after ADP Non-Farm Employment Change.

Pending Sales in US dive by 12%

Friday, 27 May 2011 05:35

US Pending House Resales is important is Forex market traders as it’s the leading economic health indicator, as the sales of homes trigger a wide-reaching ripple effect.

EUR/USD continues to trade at 1.4137. GBP/USD at 1.6451 and CHF/USD 0.8562.

Consumer Spending released in U.S

Friday, 27 May 2011 04:57

The Dollar continues to be under pressure by most major currencies, even though there were some slight gains. EUR/USD fell from today’s 1.4280 to the current 1.4237, as GBP/USD is trading lower from 1.5460 to 1.5419; its current level.

The U.S Dollar rose versus the Japanese Yen to trade at 81.20. The rise was caused as Japan was downgraded by Fitch rating earlier today, permitting the Dollar to jump.

U.S Dollar weakens after GDP release

Thursday, 26 May 2011 04:17

The number of individuals who filed for unemployment insurance for the first time during the past week added up to 424,000 people; 21,000 individuals more than expected. Also, this week’s subtotal was 10,000 people more than last week’s total of unemployment claims filed. Forecasted number of individuals expected to file for unemployment was approximately 403,000; while previous results came out at 414,000.
Another news release for the US was the GDP second release, which also disappointed at 1.8% while it was expected to show a 2.2% release. Gross Domestic Product remained the same as the previous GDP release, both at 1.8%.