Monday, December 10, 2012

DailyMarkets.com - Forex Trading: Positive NFP Report Gives Dollar Temporary Boost

DailyMarkets.com - Forex Trading: Positive NFP Report Gives Dollar Temporary Boost

Forex Trading: Positive NFP Report Gives Dollar Temporary Boost

Posted: 10 Dec 2012 12:16 AM PST

Positive NFP Report Gives Dollar Temporary Boost
The US dollar saw gains against several of its main currency rivals on Friday, following a better than expected US Non-Farm Payrolls (NFP) report which signaled growth in the US labor sector. That being said, the dollar’s bullish trend was short-lived as focus once again returned to the impending US "fiscal cliff". This week, traders will want to pay attention to several potentially significant international economic indicators, including … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Take The “under” In NFP Sweepstakes

Posted: 06 Dec 2012 12:09 AM PST

I hate the Non-Farm Payroll release because the market can react in a violent fashion to what is essentially noise. The error term in the NFP release is so enormous that it’s meaningless. Nevertheless, we have to deal with this source of volatility.

With Friday’s NFP release, we are seeing signs everywhere that employment is weakening. How much of that is Sandy related, I have no idea.

Nevertheless, here is the analysis from Gallup, which produces a daily tracking poll of employment … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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