CHF: The Greenback dropped sharply in European session as SNB kept the 3 month Libor target rate at zero and did not change the EUR / CHF minimum rate at first 2000, bids disappeared and stops Below 0th 9500, 0. 9450 and 0th 9430 were all triggered. At the moment, some bids are reported at the 0th 9370
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With Various Dangers Lurking to undermined the U.S. recovery and contagion of the euro-zone sovereign debt crisis, a persistently high Unemployment rate, a moribund housing market, the domestic debt issue Which threatens U.S. credit rating, and downward forecasts for global growth Especially in Europe And The United Kingdom The expectation
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GBP: The pair remained Confined Within narrow range today on thin trading in part due to Thanksgiving, persistent demand from Middle East names at first 5500 limited cable’s downside so far with some stops seen Below the first 5490 but more buying no residual ice tipped Further out at first 5470/75 and the first 5450 (option related).
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A Story That speed flown Mainly under the radar as market attention focused hock Primarily on the European sovereign debt situation is the progression, or coating thereof, of the “Super Committee.” The super-committee is the collection of 12 members of Congress, six from Each party and from Each house of
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On Friday, nov. 4 at 0830EDT/1230GMT, the U.S. Will report jobs data for October. The Bloomberg consensus survey for the change in non-farm payrolls (NFP) is for +95 C (prior +103 K), with a high estimate of +150 K and a low forecast of +50 K. The Survey View of the change in private
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EUR: Although the single currency rebounded Quickly Strongly in early European session on rumors of Greek PM Papandreou May Withdraw his referendum Proposal (there were even rumors of his resignation), the ECB’s shocking move of cutting rates by 25 bp from the first 50% to 1. 25% dragged the euro lower from intra-day high of
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The advance estimate of annualized U.S. third-quarter 2001 GDP growth was the second 5%, marking an acceleration from disappointingly weak first 3% and the 0th 4% Increases in second and first quarter of the year, respectively. The Increase in overall GDP was in line with market expectations, however, encouragingly, more of the gain resulted from
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GBP: The British pound tumbled in London session as BOE Increased the size of QE from GBP 200 bln to GBP 275 bln, cable dropped sharply to 1. 5270, the lowest level since July 2010. Stops Below the first 5390 and the first 5320-30 were triggered, bids and option barrier at first 5300 were Also cleared,
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This week Will give us some insight Into the U.S. economy, including total spending in August, Two Measures of Consumer Confidence for the month of September, the final version of the 2nd Quarter GDP, a Leading look at manufacturing from the Durable Goods Orders report, as well as housing. The Key Will
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Employment growth in the U.S. Nearly came to a standstill in May and June, rising by a mere 25k and 18k respectively. Whereas Private Employers were still Adding to Their payrolls, Especially in the service sector, the government sector at the state and local level cut jobs aggressively in order
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