s after Nonfarm Payrolls Report
February 6th, 2009
EUR/USD currency pair posted an unexpected growth today as the
Nonfarm payrolls fell by 598k in January after falling by 577k in December (revised down from the decline by 524k). The decline in the nonfarm payrolls was expected to be near 540k. The unemployment rate rose from 7.2% to 7.6% in January; the analysts forecast the rate at 7.5%.
Consumer credit dropped by $6.6 billion in December after falling by as much as $11 billion through the month of November (revised downwardly from $7.9 drop). The median forecast for the current report’s decline in the consumer credit was at $3.5 billion.
Dollar Trades Almost Without Change against Euro
February 5th, 2009
Despite the large drops in the employment and the factory orders in the
Initial jobless claims were at 626k last week — up from 591k a week earlier and above the consensus forecast of 580k.
Nonfarm business productivity rose by 3.2% in the fourth quarter of 2008 or 2.8% in a year-to-year comparison. The growth follows 1.4% advance of the nonfarm business productivity in 2007.
Factory orders were down by 3.9% in December, following 4.6% drop in November. They still declined faster than the traders have expected (3.2%).
EUR/USD Declines on Some Mixed News from U.S.
February 4th, 2009
EUR/USD fell today as some bad and some good news regarding the state of the economy were released in the
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amazing man good article
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