Here are some important events to focus on towards the end of this trading week:
U.S Unemployment Claims (April 23, 12:30 GMT) – Although this is a weekly indicator, it tends to have a great impact on the market as it concerns with the U.S most delicate issue at the moment – unemployment. Recent reports have shown that the unemployment rate in the U.S has reached rather disturbing figures, which were not seen in 30 years. And now, analysts forecast that 635K individuals have filed for unemployment insurance for the first time during the ... ( read more )
Posts Tagged with ‘Existing Home Sales’
April 22, 2008 - Existing Home Sales Will Be Released Today.
Yesterday, the greenback lost ground on what had been a bullish closing to last week's trading. The US was absent from the day's economic calendar, which pushed the Dollar to record lows against the Euro in particular. The greenback has struggled to make a steady recovery against its major currency rivals, as bullish trends have proven to be short lived lately. With so many contributing factors to the fate of the dollar and the overall importance it has on the global economy, many investors still believe the greenback has the ability to recover... ( read more )
