Fundamental Forecast for the Euro: Bearish
The Euro ended the trading week on a bright note, posting the largest daily rally in two weeks and trimming its weekly loss to just 0.2 percent on average against the major currencies.
Archive for November, 2011
***Economic data***
– (GE) Germany Sept Factory Orders M/M: -4.3% v +0.1%e; Y/Y: 2.4% v 7.5%e
– (CA) Canada Oct Net Change in Employment: -54.0K v +15.0Ke; Unemployment Rate: 7.3% v 7.1%e
– (US) Oct Change in Nonfarm Payrolls: +80K v 95Ke; Change in Private Payrolls: +104K v +125Ke ; Change in Manufacturing Payrolls: +5K v +2Ke
– (US) Oct Unemployment Rate: 9.0% v 9.1%e; Underemployment Rate: 16.2%
– (US) Oct Avg Hourly Earning M/M: 0.2% v 0.2%e; Avg Weekly Hours: 34.3v 34.3e
– (CA) Canada Sept Building Permits M/M: -4.9% v +2.6%e
– (CA) Canada Oct Ivey Purchasing Managers Index: 54.4 55.4e
– (MX) Mexico Oct Consumer Confidence: 90.6 v 90.1e
European and US equity markets traded lower into the US premarket and through the first hour of trade following a mixed Oct payrolls report and continued handwringing surrounding Greece. Full post…
After a week of very volatile trade, the EUR/USD was exceedingly quiet in Asian and early European dealing today trading either side of the 1.3800 figure as markets awaited the US NFP results due at 12:30 GMT as well as the latest developments on the Greek no confidence vote scheduled for later in the day.
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What about when you actually answer the phone and there’s a debt collector on the other end? Don’t panic. Don’t agree to a payment until you’ve verified the debt is yours and you’ve confirmed you can and should pay it.
Do you want to try a risky business with enormous potential for gain or loss? You should begin the Forex currency trading. As a full time trader, you will see the best and worst that the foreign exchange market has to offer, the giddy high of wins, and the gut wrenching down.
You can be a forex trader yourself, or maybe you’re just wonder about how Forex markets work, that you are, you must learn to divide the lawful Forex brokers from scam gamblers. Full post…