By Mark Galasiewski The following is excerpted from Elliott Wave International’s Global Market Perspective. The full 120-page publication, which features forecasts for every major world market, is available free until April 30….
Category: Fundamental Analysis
Forex Market Settles Down Ahead of Nonfarm Payroll Report
The currency markets settled down overnight, consolidating Thursday’s post ECB and G20 rush with only USD/JPY breaking rank posting a fresh 5 month high, albeit briefly, of 100.18. The DJIA managed…
March Nonfarm Payroll – Consensus Estimate 670,000 to 650,000 Loss in Payroll Jobs
Employment is widely believed to be a lagging indicator, so traders often look to wider economic announcements to try and gauge overall economic sentiment. However, traders continue to be assailed by good,…
The Euro may reach $1.40 as the Fed buys government debt
Hello fellow traders. Checkout this interesting forex news blurb: The euro may surge to $1.40 for the first time in 11 weeks on the European Central Bank’s reluctance to match the Federal…
December 2008 NFP Consensus Estimate 460K to 475K Loss in Payroll Jobs
Release time: Friday, January 9, 2009 — 8:30 AM ET There was virtually no good news in the November employment data, which came in at a loss of 533,000 jobs. Payrolls dropped…
From the U.S. to Australia – Where the Majors Stand
By Chris Gaffney, CFA www.everbank.com I’m assuming you’ll be away from the markets for a few days yourself as you spend time with your families this holiday week. So before we…
Up, Down, Up – Where’s the Buck Headed Now?
By Chris Gaffney, CFA, www.everbank.com After steadily rising for months, the buck started its freefall two weeks ago. This massive reversal left Forex traders asking if the buck has finally turned…
September NFP—Consensus Estimate 90K to 105K Loss in Payroll Jobs
U.S. employers slashed jobs for an eighth consecutive month in August and the nation’s unemployment rate soared to a five-year high of 6.1%, up from 5.7% in July and 4.7% from one…