US Economy adds only 179K Jobs, According to ADP
May 4, 2011 4:34 pm by Greg HoldenAutomatic Data Processing Inc. (ADP) published its non-farm employment change estimate today, showing an expectation of approximately 179,000 new jobs being added to the American private sector in April. The news stunted the US dollar’s mild gains in today’s trading, ...
GBP Likely to Extend Bullish Run Today
February 18, 2011 7:00 am by Dan EduardEuropean currencies continued their bullish run during the overnight session, as markets are still being influenced by yesterday's disappointing US Unemployment Claims figure. Analysts are predicting that this trend will continue today, as news from the UK and US get ...
Heavy News Day Looks to Create Unusual Trading Opportunities
February 15, 2011 6:57 am by Yan PettersYesterday we experienced a relatively timid trading day. In the forex market, the euro fell about 120 pips vs. the U.S. dollar in morning trading, after European finance ministers decided to rule out immediate steps to fight off the region’s ...
Black Friday May Add Strength to Gold Over Weekend
November 26, 2010 5:24 pm by Greg HoldenGold prices appear to be ending the week with little change since Monday. While the precious metal climbed over $30 in value by mid-week, the price had tumbled back to $1353 an ounce as of this afternoon.
US Dollar Rising on Risk Aversion
August 24, 2010 9:17 am by Greg HoldenThe US dollar appears to be on the rise since the end of last week. Climbing against most of its currency counterparts, the greenback has been gaining ground due to a rise in risk aversion. Should today’s figures from the ...
Forex News: Will GBP Gain on Slowing Retail Sales Growth?
August 19, 2010 7:31 am by Dan EduardFollowing yesterday's gains made by the US dollar against its main currency rivals, today may provide the greenback with another opportunity to extend its bullish trend.
Forex News: USD Rising on Positive Growth Forecasts?
August 13, 2010 4:28 am by Greg HoldenThe U.S. dollar has been rising for the past four days against most of its currency counterparts following statements by the Fed that measures will be taken to counter recent weakness. Market data has perked up slightly as a result ...
Pound and Euro Surge on Risk Taking
July 14, 2010 9:09 am by Dan EduardThe U.S. dollar has been on a bearish path for the last week or so. Yesterday the euro hit a 2-month high against the greenback, while GBP/USD shot up well over 200 pips in the last 24-hours. Today ...
EUR Takes A Dive
April 22, 2010 12:44 pm by Greg HoldenEstimates are being given now about the damage inflicted on the transportation sector of the European economy due to the Icelandic eruption. A figure near $1.7 billion is on the conservative end of the estimated loss, most of which has ...
