There is a heavy calendar in the US next week with the employment report and the ISM indices taking centre stage. We expect the improvement in the manufacturing ISM to continue for the next 2-4 months before reaching its peak and look for an increase to 57 in January. The…
Archive for January, 2010
This Week's Market Outlook
On January - 30 - 2010
Last week we expressed caution that the risk sell-off that has characterized the month of January was at a tipping point. That point has been broken to the downside and we are now expecting a further unwinding of long risk positions, which should see stocks, commodities and the JPY-crosses (EUR/JPY,…
Source:This Week's Market Outlook
Jobless Claims and Long Term Unemployment
On January - 28 - 2010
Two of the most cited economic indicators over the past year have been first time jobless claims and continuing jobless claims. Both have declined by a third since their respective peaks in the spring and summer of last year. In one five day period in March 2009 674,000 newly unemployed…
The U.S. Session Trader's Daily Forex Question
On January - 28 - 2010
The U.S. session, trader’s daily 09:45 EDT question; “Oh dear, do we now want to take a U.S. based trade and run the risk of a price move stranding things with no momentum, as 80% of U.S. sessions do?” The law of probability says that U.S. trade will not follow…
