US ISM Non Manufacturing data

Wednesday, 4 May 2011 05:27

Institute for Supply Management non Manufacturing missed its estimated figure by 5.1, as data was announced to be lower at 52.8 from the estimated 57.9; also lower from the prior month’s 57.3.

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European currency shining at 13-month high

Wednesday, 4 May 2011 05:19

The Euro is trading better against the Greenback than it has for the past year and a half passing the border of 1.49, trading at 1.4927; a 17-month peak. The news releases have been on a toll today, announcing Retail Sales during the European Session and ADP Employement change in the US. The European Currency was not affected by the lower than expected Retail Sales and really pushed its barrier when US ADP figures were released lower than the US forecasted. The US release pushed the Euro higher against the Dollar.

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ADP disappoints at 179K

Wednesday, 4 May 2011 03:22

US Automatic Data Processing was just released with disappointing news. The United States added 179k jobs in April, a drop from the previous month’s 201k and less than the expected 200k.

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USD hoping for a rise

Monday, 2 May 2011 04:53

The world’s least well-performing currency is looking out to be the USD, for the past three months. Hitting 3-year lows and struggling against the by the day; rebound seems far from real this year for America. The Euro hit 16-month high thanks to the weak dollar, and JPY has had it’s shiny moments.

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USD skyrockets

Monday, 2 May 2011 11:18

Triumph by the American people in the United States as President Obama announced in a late night conference that Osama Bin Laden was finally captured and killed in a firefight in Pakistan where Bin Laden had reportedly located his hideout. US military forces discovered the location and proceeded on to find the man himself. Osama’s body is being held by the US.

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