Friday, January 4, 2013

DailyMarkets.com - Forex Trading: US Non-Farm Payrolls Set To Create Significant Market Volatility Today

DailyMarkets.com - Forex Trading: US Non-Farm Payrolls Set To Create Significant Market Volatility Today


Forex Trading: US Non-Farm Payrolls Set To Create Significant Market Volatility Today

Posted: 04 Jan 2013 12:05 AM PST

US Non-Farm Payrolls Set to Create Significant Market Volatility Today
Speculations that US lawmakers will be unable to reach an agreement to boost the nation’s borrowing limit before the government runs out of money in the next two-months, boosted safe-haven assets yesterday. Both the US dollar and Japanese yen saw upward movement as a result against their higher-yielding currency rivals. Today, the main piece of economic news is likely to be the US Non-Farm Payrolls (NFP) report, set to be … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Commodities: Gold At Risk Of Deeper Losses On US Employment Data

Posted: 03 Jan 2013 11:08 PM PST

Gold may fall on firming US jobs data as expectations for an early end to the Federal Reserve's stimulus efforts dents demand for an inflation hedge.
Talking Points

Commodities Correct Lower as Markets Digest "Fiscal Cliff" Deal Rally
December's FOMC Minutes to Set Precedent for Reading US Data Flow

All eyes are on December's US Employment report. Expectations call for nonfarm payrolls to rise 153,000 compared with an increase of 146,000 in the prior month. With the Fed having … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Some Sober Second Thoughts During The Party

Posted: 02 Jan 2013 12:39 AM PST

As I write these words, most equity markets are melting up between 1% and 2% in Asia and Europe in the wake of the news of a “fiscal cliff” deal in the US Congress. While my Inflation-Deflation Trend Allocation Model remains in at an “inflation” reading indicating a risk-on environment, I am a very nervous bull.

Here are some thoughts to ponder:

Doesn’t this deal set the United States up for more political drama at the end of February? Two months isn’t a long time, even for a trader.
The … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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