ADP And Kohn Will Be Market

30-09-2009

The USD turned in a rather mixed day of trading as it mirrored what was taking place in the broad marketplace. The greenback showed early session strength on Tuesday but as the day progressed it began to give back its gains. Wall Street also turned in a rather cautious finish in negative territory albeit not in a dramatic fashion. Economic data from the U.S. was sparse with the CB Consumer Confidence survey reporting a negative 53.1 reading, below the estimate of 57.0. The S&P/CS Composite-20 HPI was also made public and turned in a figure of minus -13.3, which was a slight improvement per the minus -14.3% forecast. Today the U.S. data and risk events will grow with the ADP Non Farm Employment Change numbers projected to be better than the previous outcome. Also the Chicago PMI data is on schedule and anticipated to improve. The jobless picture in the States remains a focal point for the public and politicians, today

Mixed Data Abounds 02-09-2010

USD The markets showed just how divergent they can be on Wednesday. Wall Street finished the day with large gains, supposedly based on the positive numbers coming from the ISM Manufacturing PMI. The USD traded weaker against the EUR before this data had come out however, and the greenback managed to still gain against the GBP. Also [...]

ISM Number Could Surprise 01-09-2010

USD The USD traded in range against the EUR on Tuesday and managed to gain a bit versus the GBP. Trading remained rather tentative as the U.S. produced a mixed bag of data for investors to study before the onslaught of jobless releases gets underway today. While the SP/CS Composite-20 HPI and the CB Consumer Confidence readings both [...]

Economic Concerns = Caution 31-08-2010

USD The USD continued its strong pace against the EUR and GBP on Monday as it moved to the stronger parts of it recent range. Safe haven pressure was the story of the day as Wall Street struggled and all the major indexes suffered losses. The U.S. released light data yesterday including Personal Spending and the results were near [...]

Summer Trading Will Soon End 30-08-2010

Friday came and went with all the force of a feather. The currencies and the broad markets traded in rather tight ranges most of the day putting into focus the amount of caution that prevails and the fact the summer is still in force. The USD found itself going into the weekend with plenty of its gains made the previous two weeks - [...]

GDP Reports & Central Bankers 27-08-2010

The USD traded in range against the major currencies for much of Thursday as traders became increasing cautious due to the data scheduled for today and news events that may unfold too. While the weekly Unemployment Claims turned in a slightly better figure than expected it was certainly not rosy and continues to show that the jobless [...]

Bad Data Becoming The Norm 26-08-2010

USD Additional poor data was reported from the U.S. on Wednesday as the New Home Sales completely missed its estimate. The outcome of 276k was far short of the 333k expectation. And troubling to investors was that the previous month’s total was revised downwards too, following in the footsteps of the Existing Home Sales data reported a [...]

Housing Data Confirms Doubts 25-08-2010

USD Existing Home Sales in the U.S. plunged according to Tuesday’s report and this confirmed ‘whispers’ that had surrounded the number before its release. The USD traded in a stable manner against the EUR and GBP yesterday and held onto its gains made earlier. Wall Street declined before the issue of the housing figures and [...]

Housing Sector Woes In Focus 24-08-2010

USD Continuing its strong run under a haze of nervous trading in equities the USD propelled to higher values against the EUR and GBP. The greenback is starting to approach its spring time values against both the currencies as risk adverse movement has taken hold. The U.S. didn’t release major data on Monday, but today Existing Homes [...]

Safe Haven Trading In Vogue 23-08-2010

USD With little in the way of data and only existing sentiment to trade on the USD moved to the stronger realms of its value on Friday against the EUR and GBP. Wall Street continued to turn in lackluster results and the greenback seemingly found safe haven backing before going into the weekend. The question hovering over investors [...]

A Cautious And Nervous Market 20-08-2010

The USD turned in a fairly stable day taking into consideration that Wall Street tumbled on bad data. The day was highlighted by a bad Philly Fed Manufacturing Index outcome of minus -7.7 compared to the forecasted positive number of 7.1. In other words, manufacturing sentiment nearly fell off a cliff in the past month. This was [...]