Follow Up – USD Jobless Claims and Continuing Claims July 16, 2009 Much to the surprise of the market and of the economic forecasters, the Unemployment Claims and Continuing Claims were down more than expected. USD Unemployment Claims Forecast was 530K, the Previous was 565K Actual was 522K, the revision for the forecast was 550K, [...]
The new USD Jobless Claims and Continuing Claims are coming out this Thursday at 8:30AM ET – of late, these 2 reports have become more and more important as to how they affect the US economy, not to mention how the Foreign Currency market reacts. Last weeks jobless claims Last week the jobless claims fell [...]
On occasion a trade will not turn out as expected, this could happen for any number of reasons – some political news report was being released unexpectedly, perhaps some banks were adjusting their currency supple, or the market was over sold or over bought. What ever the reason that a currency trade does not go [...]
One of the reports that seems to be having a huge impact on the American economy these days is the USD Initial Jobless Claims and the Continuing Jobless Claims. These reports are released by the Department of Labor 4 or 5 months ago, very little attention was paid to these 2 reports, but not anymore. [...]
Here is a trade that I thought would be a slam dunk – and was I ever wrong. At 8:15 AM ET, the “USD ADP Non- Farm Employment change” was release on Wednesday the 1st of July, 2009 by Automatic Data Processing, Inc. The economist around the country believed that there would be an improvement [...]
Foreign Currency trading at times lends to good opportunities for abundant profits, this post shows a good example of the opportunities. At 10:00AM ET on June 30, 2009, the “USD Consumer Confidence” was released along with another US economic news release – “NAPM – Milwaukee”. The “Consumer Confidence” has the greatest impact on the economy. [...]
On Tuesday the 30th of June at 4:30AM ET, the GBP Final Gross Domestic Product (QoQ) report was released. Also, of little impact, the GBP Current Account and the GBP Revised Business Investment (QoQ) reports were released – all 3 reports were released by the “UK National Statistics Publication Hub”. The last GBP Final GDP [...]
Durable Goods Orders and Core Durable Goods Orders (“core” is durable goods less transportation items) (MoM) were released by the Census Bureau on Wednesday, June 24, 2009 at 8:30 AM ET. I monitored and traded the currency pair USD/JPY. At this point in my education of the FOREX market I make short “scalp” trades for [...]
