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Важные индикаторы на сегодня

2:45pm
EUR Minimum Bid Rate
0.00%0.00% -> 0.25%
Actual > Forecast = Good for currency;
_______________________________
3:30pm
EUR ECB Press Conference
USD Unemployment Claims
258K268K - > +272K
Actual < Forecast = Good for currency;
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The State of US Labor Market

Going into today's NFP release there is a rumors going on around the markets that NFP figures will be well below consensus. Over the past few months March payrolls have missed on 6 of the last 7 reports this shows a strong seasonality pattern. Since FED has removed "patience" from their
statement the market is more sensitive to the job report as market participants will beat on a rate hike sooner/later depending if the figures comes strong/weaker.
We have to keep in mind that today is holida
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Fed's Yellen Speach

Today it seems to be the big day for Janet Yellen as she is due to deliver her first monetary policy speech, as the New Fed Chairman, in front of Congress. I think she will continue with the current Fed's rhetoric that QE program worked and that any further reduction in the bond buying program will be "data depending". The only think we should watch is how she will respond to the fact that unemployment rate is still above Fed target and also the inflation ra
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jezz avatar
jezz 11 Fev

Hm, isn't the text released 90 minutes earlier?

Daytrader21 avatar

Jezz you have sharp eyes:). I have double check it and it's half an hour earlier than what I've posted which means 15:00GMT/10:00ET the same like today's hearing.

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Fx daily musings (Nov. 7th 2013)

It seems traders were just waiting for the slightet bad news to rip into Aud and the employment data wasn't good. Nzd got pulled with it but has already taken back some of the losses.
Nzd is very strong (so says Graem Wheeler as well not too long ago who is the head of RBNZ and incidentally has said he doesn't see room for intervention as of yet. Hint! Hint! Hint! So he must not be as worried as Stevens who has been quite a bit more communicative and verbal about the Aud's current rate. This lac…
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Look for a jump in US unemployment on technicalities of

The BLS is out with a technical note regarding the upcoming non-farm payrolls report, due November 8.
This part on the household survey caught my eye:
Workers who indicate that they were not working during the entire survey reference week and expected to be recalled to their jobs should be classified in the household survey as unemployed, on temporary layoff. This would include furloughed federal employees as well as other affected workers. These workers are classified this way regardless of whe…
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Fed says it will await more evidence before QE taper

Highlights of the October 30, 2013 Federal Reserve’s FOMC statement:
  • Fed funds rate held at 0-0.25%, as expected
  • Monthly bond purchases remain at $85 billion/month, as expected
  • No change to forward guidance on interest rates
  • Fed says data since Sept meeting generally suggests economy continued to expand at a moderate pace
  • Repeats that downside risks to the outlook have diminished on net since last Fall
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mag avatar
mag 30 Out

Thanks Anna

geula4x avatar
geula4x 30 Out

+1 Liked: Nice summary! :-) IMHO we'll see FOMC effect fade soon, and EUR/USD resume upwards momentum... Happy trading :-)

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What to expect from Mr. Governor?

This time of year is commonly known as `the silly season` in the UK, as nothing much tends to come out of government, lots of people are away, and the news media tends to get a bit desperate for substantive content. So it seems that when Mr. Mark Carney, Governor of the Bank of England, spoke last week, there was no shortage of comment. From my angle, he did nothing unexpected, and as suggested, his `forward guidance` told us little new and was subject to several caveats. The link to unemploy…
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mag avatar
mag 13 Ago

It is true, given the doubt prevention in the worst of situations.If it also matches whereas the least, it seems that Murphy's law is met.

annatimone avatar

I agree. I hate to be a pessimist, but it’s good to expect and prepare for the worst. And hope and pray for the best.

Erialda avatar
Erialda 14 Ago

great article...

annatimone avatar

Thank you very much, Erialda.

sircris avatar
sircris 15 Ago

Very professional post. +1

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Greek Q2 2013 GDP beats expectations

Seasonally unadjusted GDP comes in at -4.6% from -5.0% exp giving a sliver good news to the ailing country. Greece also confirmed a primary budget surplus of €2.6bn for the year to July. It’s not all good news though as the figures follow news that Greek unemployment up to 27.6% (record high) in May from 26.0% in April. There’s 1.38m unemployed to 3.62m employed, but there is also 3.32m non-economically active. According to …
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annatimone avatar

You know, when I lived in Russia, the entire idea of credit didn’t exist. So, what happens if people don’t pay loan back to the bank? In the US your credit history is ruined and you cannot get any future credit and you pretty much cannot do anything. US is credit based system. If I’m not mistaken, Russia is cash based system. That is, if you have cash of course. So, in Russia if you don’t pay loan back to the bank what penalties can you expect? Or what incentives people have to pay loan back?

Nadin5794 avatar

absolutely agree

Nadin5794 avatar

банки пытаются выстроить подобную систему регулирования кредитной истории в России,но из за несогласованности их действий получается абсолютная неразбериха,люди берут по несколько кредитов и не несут за это ответственность....к тому же банки существенно завышают процентную ставку,это также плохо сказывается на возвратности кредитов...по сути вгоняют людей в долги как и у вас но пока не так жёстко..

annatimone avatar

Ok, I see. US has well a developed banking and legal systems. Besides the credit history, US legal system provides a lot of remedies to the lender and some protection to the borrower. Plus, don’t forget that US established and developed these systems over centuries and not over night, like Russia is trying to do. In the US generations grew up in this system, so there are certain expectations of responsibilities. And still, US has a lot of problems with borrowing. I can’t even imagine what it’s like in Russia. Thank you for sharing, Nadia. I learned a lot.

Nadin5794 avatar

yw

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What to expect in the second quarter?

In the first quarter’s revised U.S. gross domestic product (GDP) numbers, we found consumer spending in the U.S. economy was slow, dragging U.S. economic growth lower. Going forward, I can’t help but to expect more of the same. We are already getting warnings from major financial institutions that U.S. GDP growth in the second quarter will be dismal. The Goldman Sachs Group, Inc expects the U.S. economy to grow at only 0.8% in the second quarter. The Royal Bank of Scotland Group and Barclays …
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Nadin5794 avatar

Все говорят о том ,что доллар более стабилен в среднесрочной перспективе,я отношусь к этому скептически,цифры аналитики только верхушка айсберга.Социальный и политический климат в Европе несколько спокойней будет всегда ,так как союзное государство стремится к выработке компромисса не прибегая к прямой конфронтации населением с руководством(госаппаратом),боюсь что американцы уже не пойдут на компромиссы после ипотечного кризиса,реформ министерства обороны и т.д...

annatimone avatar

Nadia, I think you are right. Dollar in a short term will be stable against Euro and major four (Euro, Swiss, Sterling and Japanese Yen). Since, US economy was expanding over the last year and a half, and Europe being stagnated, any surprising slowdown in the US (like housing) could bring more slowdown in Europe, which in return will create a drop in Euro and Sterling.

Nadin5794 avatar

sooner or later the inflated digits of statistics should be given to real indexes, Europe in this sense is more pragmatic...

annatimone avatar

I agree. I often suspect that economic data/reports in the United States are fixed and not real. Generally, news in the United States is bias. If you want to get a real story, look in European media.

Nadin5794 avatar

today I am once again convinced that both sides of this confrontation are very unstable and it is possible to wait for anything...

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Growth....a revised, revised approach?

The Office for National Statistics in the UK announced that second quarter growth showed an increase of 0.6% - the best growth figures since mid-2010. BUT, what does this growth figure actually mean to the wider population? The answer is very little. With other closely scrutinized numbers such as unemployment stats, and inflation figures, at least there is a relevance to peoples’ daily lives, but what about GDP?? The breakdown of this figure is where the real interest lies. The services side …
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Nadin5794 avatar

haha)) good start of week

annatimone avatar

:) Very optimistic..:) How was your weekend?

Nadin5794 avatar

good and thnx for ask

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