Dollar Fluctuation Anticipation Non Farm Payrolls Data. FOREX FUNDAMENTAL ANALYSIS TODAY
- USDCHF: GMMA, MACD Stochastics Vs, Watch Area 0.9195 - 0.9233 For Testing
- GBP / USD: 1.6259 When Broken, Watch 1.6305 - 1.6379
- USD / JPY: 86.93 When translucent, Potential Continues To 84.46
- USDCHF: Bearish Signal by indicator Trio, Guard Support range at 0.9040 - 0.8933
- USDCHF: Bearish Signal Fade Start, But Beware Fixed Support at 0.9105 - 0.8932
The U.S. dollar recovered from weakening fiscal cliff post-euphoria faded on Thursday, rebounded sharply just a day later after the agreement achieved fiscal cliff due to the market participants consider the negative effects of the delay deal U.S. budget cuts. Observed so far the U.S. dollar index rose 0.35% at 80.22 level compared to the previous day at around 79.84. The U.S. Dollar index had even dropped to 79.39 due to the fiscal abyss deal euphoria in the new year.
This situation illustrates investors doubt that the deal last fiscal cliff not eliminate risk in the financial markets so terpic profit taking as a precaution in case the fiscal situation worsened again if Democrats and Republicans fail to reach a deal to raise the debt ceiling and spending cuts in the near future. The investor also has the potential to change its dollar position to switch back to currency risk after ADP employment data reported that rises beyond the estimates and the data indicate the U.S. non-farm payrolls on Friday a positive tomorrow. Although ADP levels do not always correlate to the NFP data, but generally pretty reliable indicator of ADP to provide directions NFP data, which means that the growth rate of the U.S. labor should rise again in December.
Data jobless benefit claims rose to 372,000 though, but data on jobless claims tend to be volatile during the holiday season, so the rise in jobless claims was less surprising, and if observed overall jobless benefit claims in December was substantially lower than in November so it's still consistent with the prediction data NFP increased.
U.S. stock futures sales drop after release of Fed Minutes. STOCK INDEX FUNDAMENTAL ANALYSIS TODAY
This situation illustrates investors doubt that the deal last fiscal cliff not eliminate risk in the financial markets so terpic profit taking as a precaution in case the fiscal situation worsened again if Democrats and Republicans fail to reach a deal to raise the debt ceiling and spending cuts in the near future. The investor also has the potential to change its dollar position to switch back to currency risk after ADP employment data reported that rises beyond the estimates and the data indicate the U.S. non-farm payrolls on Friday a positive tomorrow. Although ADP levels do not always correlate to the NFP data, but generally pretty reliable indicator of ADP to provide directions NFP data, which means that the growth rate of the U.S. labor should rise again in December.
Data jobless benefit claims rose to 372,000 though, but data on jobless claims tend to be volatile during the holiday season, so the rise in jobless claims was less surprising, and if observed overall jobless benefit claims in December was substantially lower than in November so it's still consistent with the prediction data NFP increased.
U.S. stock futures sales drop after release of Fed Minutes. STOCK INDEX FUNDAMENTAL ANALYSIS TODAY
- Need Dow Close Above 13,325
- Distressed at the Dow Bearish Channel
- Dow Continues Bearish Pressure
- Dow Continues Bearish Pressure
- Hang Seng Still hold MACD and Stochastic
U.S. stocks fell at the end of trading on Thursday after the release of the latest Fed minutes reveal disagreement about how long the central bank to buy bonds and as investors paused following a sharp rally in the previous session. Will this put an end to QE? Of course not, but it's interesting when you look at the division and strife, (The Fed) is playing with fire, this has never been done before, "said Saluzzi." Markets love QE but not market participants. "...
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