American unemployment rate is now at double digits – 10.2%. Obama’s warning of a rate above 10% comes true. This worse-than-expected release, together with Non-Farm Payrolls triggers fear of a …
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The Canadian job market made a U-turn: a huge loss of jobs was reported, and the unemployment rate jumped back up to 8.6%. USD/CAD leaped after the release, creating a …
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The Bank of England decided to expand the Quantitative Easing program by 25 billion Pounds, less than 50 billion that was expected. Less Pound printing is better for the Pound …
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Tension towards the rate decision by the Federal Reserve causes tight range trading the forex markets. Eyes are on Ben Bernanke’s statement, that will move the markets out of the …
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The Australian dollar is also a victim of the dollar’s strength. The recent wave took the Aussie under the support line, despite a rate hike. What’s on the road ahead? …
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Another Monday brings another surprise in American figures, this time for the upside. This triggers risk appetite – the dollar weakens across the board, apart from the Yen. But last …
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This was the week of the dollar, making a strong corrective move across the board. This temporarily halted with the release of the good GDP from the US, but risk …
Read More American GDP didn’t disappoint, and rose by 3.5%. The good news, coming after many disappointments, sent the dollar down against almost all the currencies…except the Yen. Is Obama’s stimulus plan succeeding? …
Read More The CB Consumer Confidence was far worse than expected, triggering a jump in the dollar across the board. Risk aversion is back in town, raising the “safe haven†currency from …
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British GDP in the third quarter fell by 0.4%, surprising economists but not surprising those who checked the unofficial NIESR estimate, that proved correct. The ongoing recession sent the Pound …
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