U.S. economic data raised economic optimism
Data released last week pointed that the U.S. economy continues to steadily improve and remains on path of a mild growth. This lead to weakness in the U.S. Dollar as investors appettite for risk improved.
Data released by Labor Department on Friday, showed that nonfarm payrolls rose modestly by 157,000 in January but the jobless rate crept up to 7.9% from 7.8%. However, the upwardly revised employment figures for 2012 and 2011 indicated better hiring trends than previously estimated...
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Fundamental Analysis
A week of key economic events for the U.S. Dollar
January 28, 2013 - 16:21
Investors this week wait for a heavy slate of top-tier U.S. economic data, starting with Durable Goods Orders on Monday and ending with the employment reports for January on Friday. In-between is the U.S. fourth-quarter advance GDP data and outcome of the Federal Reserve’s first meeting of the year.
A busy economic calendar kicks off with December orders for durable goods on Monday. Economists concsensus forecast for a 1.8% jump in orders for December after a 0.8% rise in November.
A related report, the Institute of...
Decent chances of EURUSD pull-back
January 17, 2013 - 15:27
U.S. economic data offset worries over US debt ceiling
According to the latest Federal Reserve Beige Book survey released on Wednesday, the U.S. economic activity recorded either modest or moderate pace of growth since the previous Beige Book report. Report of manufacturing activity was mixed, whereas the labor market conditions, a key focus of the Federal Reserve, remained mostly unchanged. Consumers are seen spending cautiously due to a looming battle in Washington to increase the USD 16.4 trillion debt ceiling.
In other U....
Fiscal-Cliff Cheers Seems Short-Lived
January 07, 2013 - 15:56
Steady U.S. economic recovery
After the house and senate approved the much-debated legislation to avert the "fiscal cliff" on Wednesday, rise in payrolls shown by the jobs data and ISM data showing brisk expansion of the vast services sector activity supported the view of slow but steady recovery by the world's largest economy, U.S.
However, minutes from Fed Reserve's December policy meeting released on Thursday disturbed the financial markets and unnerved investors. The minutes revealed Fed official's concerns over...
Optimism over U.S. “fiscal-cliff” inspiring investors
December 19, 2012 - 14:07
U.S. “fiscal-cliff” negotiations
Optimism over the “fiscal-cliff”, encouraged by signs of tentative progress on negotiations to avert the U.S. budget crisis, seems to boost investor confidence. Although, there is no meaningful breakthrough in the negotiations, but rising hopes that a deal could be struck before the year-end deadline, to avoid the $600 billion in steep tax hikes and spending cuts set to begin in January that could cause a sharp slowdown in economic growth or even a recession, is inspiring...
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