Market Notes: Yesterday’s U.S. ADP Non-Farm Employment Change survey has published better than expected at -22K vs. -31K expected. The ADP is a good indication of what tomorrow’s figure will look like, which in my opinion can...
Both Britain and Europe to announce rate decision, one day ahead of U.S Non-Farm Payrolls Previous Sessions• USD ADP Non-Farm Employment Change out at -22K versus expected -31K, prior -61K• USD Non-Manufacturing PMI out at 50.5 versus...
Market Notes: The Forex market is on hold. Although AUD has started the day as a strongest currency and USD as a weakest, the change in all the pairs is miniature and can’t give us an obvious...
Previous sessionsUS Dec Pending Home sales out at +1.0% m/m, as expected vs. revised -16.4% priorGBP Nationwide Consumer confidence out at 73 versus expected 70 vs. 70 priorAUD Dec. Trade Balance out at -2.25B versus expected -2.36B...
Market Notes: US GDP of the last quarter of ’09 came out much better than expected, which caused USD to strengthen against all the currencies.GBP is weakening today since Great Britain is the where the highest number...
Risk still under pressure following weak US data, weak Wall St. Month-end volatility in Asia sees EURUSD touch new cycle lows MAJOR HEADLINES – PREVIOUS SESSION US Dec. Chicago Fed Activity Index out at -0.61 vs. -0.4...
Market Notes: Obama’s speech “to combat unemployment” had a positive effect on a risk appetite- we can see it in an AUD and NZD strengthening.USD has weakened on a disappointing home sales data.EUR/USD has dropped below 1.40...
Risk makes a comeback after the State of the Union address MAJOR HEADLINES – PREVIOUS SESSION US Dec. New Home Sales out at -7.6% m/m vs. +3.0% expected and -9.3% prior GE Jan. CPI out at -0.6%...
Market Notes: U.K. economy has finally come out of the recession with a 0.1% rise in GDP.Bernanke’s reelection seems quite sure, as 13 Republican senators have signaled that they will vote for him, while only 6 Democrats...
MAJOR HEADLINES – PREVIOUS SESSION GE GfK Feb. Consumer Confidence out at 3.2 vs. 3.1 expected and revised 3.4 prior US Dec. Existing Home Sales out at -16.7% m/m vs. -9.8% expected and +7.4% prior US Jan....
