DailyMarkets.com - Forex Trading: Disappointing Jobs Report Turns Dollar Bearish

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• Forex Trading: Disappointing Jobs Report Turns Dollar Bearish
• Australian Dollar Decision Pending
• Watch What The Market Does, Not What Pundits Say

Forex Trading: Disappointing Jobs Report Turns Dollar Bearish Posted: 10 Sep 2012 12:16 AM PDT Disappointing Jobs Report Turns Dollar Bearish The USD tumbled on Friday, following a worse than expected Non-Farm Employment Change report that signaled a slowing down in the US economic recovery. The news increased speculations that the Fed will soon initiate a new round of quantitative easing and resulted in gains for higher yielding assets, including gold and silver. This week, traders will want to pay attention to several pieces of economic news. In particular, Thursday’s FOMC Statement … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Australian Dollar Decision Pending Posted: 09 Sep 2012 06:46 PM PDT When a global macro trend is working you pick the best trends to monitor it. The Aussie dollar has been leading the charge for the global risk on trade, can it stay off the rocks. The Aussie dollar is at a cycle top, we have seen three price peaks highlighting distribution has been present. Price action always enters a break up or breaks down zone, the Aussie and the global risk on trend is at this stage now. The world has seen the first act of ‘save Europe’, which was easy to achieve as … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Watch What The Market Does, Not What Pundits Say Posted: 06 Sep 2012 12:22 AM PDT As I watch indicators of the RORO trade, risk-on continues to be the prevalent trend. The cyclically oriented Consumer Discretionary stocks continue to outperform defensively oriented Consumer Staples stocks. Equities are in an uptrend against 7-10 year Treasuries. And we see the same pattern for high-yield against Treasuries. Watch the market’s reaction Notwithstanding the trend favoring the risk-on trade, the next few days will mark a test for the markets: Thursday (Sep 6): ECB … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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