The surprise drop in consumer confidence in the United States yesterday has resulted in a sudden buy-up in USD as investors flock to safe-havens. With a market that appears to be lacking a clear direction recently, major reports such as the CB Consumer Confidence report yesterday, and today's ADP Non-Farm Employment Change report become that much more important to watch as more investors await their release before trading.
The greenback gained Tuesday as a report on U.S. home prices showed that the pace of price declines may be slowing and m... ( read more )
Posts Tagged with ‘Employment’
June 3, 2009 - US Economy Awaits ADP Nonfarm Employment Figures
The Dollar continued its freefall against all the major currencies despite positive housing data figures from yesterday. Today, at 12:15 GMT, Forex traders will have the ability to enjoy hefty volatility in the market as the ADP Non-Farm Employment Change will be released.
ForexYard also advises its traders to follow the Crude Oil Inventories report, which is scheduled at 14:30 GMT. The rising prices of Crude Oil have become a top issue in financial sectors as of late, and the U.S inventories report should have a large effect on its pricing... ( read more )
April 7, 2008 - The USD Floats After Bad Employment Data
The USD pared its gain against the EUR on Friday as investors digested the U.S. March Unemployment Report and the Nonfarm Employment Change figures. Last Friday's Payrolls hit the -80K mark, marking the biggest decline in 5 years. Unemployment also spurred downside risks for the economy as it rose to 5.1% from 4.8%, and heightening the bearish sentiment for the U.S. economy in general. In fact, Fed Chairman Bernanke acknowledged last week that the economic expansion may slow down significantly, as homebuilding, employment and spending deteriora... ( read more )