-
3 Reasons for the Drop in EUR/USD
Euro/dollar is on the fall. The initial reaction to the mixed Non-Farm Payrolls was a move higher, but this was limited and was followed with a slide. The move then accelerated and EUR/USD already lost one support liine. Here are three reasons for the downfall: A bright side in the Non-Farm Payrolls: The report included a small slide in the unemployment rate to 9%, a drop in U-6 "real unemployment rate to 16.2% and most importantly significant upside revisions to the figures released in August and September, a total of above 100K. This lowers the chances of QE3. Digestion of German economic weakness: German ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Nov 4, 2011 9:57am Nov 4, 2011 9:57am
- Forexgain
- Joined Oct 2011 | Status: Sleeping..... | 531 Comments
- Comment #2
- Quote
- Nov 4, 2011 10:00am Nov 4, 2011 10:00am
- clockwork71
- | Commercial Member | Joined May 2007 | 1172 Comments
- Comment #3
- Quote
- Nov 4, 2011 10:01am Nov 4, 2011 10:01am
- Yohay
- Joined Aug 2008 | Status: Member | 159 Comments
- Comment #4
- Quote
- Nov 4, 2011 10:13am Nov 4, 2011 10:13am
- bballfan31
- | Joined Nov 2005 | Status: I Love my PIPS | 2 Comments
- Comment #5
- Quote
- Nov 4, 2011 10:14am Nov 4, 2011 10:14am
- vahid455
- | Joined May 2008 | Status: Member | 21 Comments
- Comment #6
- Quote
- Nov 4, 2011 10:17am Nov 4, 2011 10:17am
- vahid455
- | Joined May 2008 | Status: Member | 21 Comments
- Comment #7
- Quote
- Nov 4, 2011 10:19am Nov 4, 2011 10:19am
- nyfx718
- | Joined Oct 2011 | Status: Member | 14 Comments
- Comment #8
- Quote
- Nov 4, 2011 10:26am Nov 4, 2011 10:26am
- aboroy
- | Joined Nov 2011 | Status: Member | 15 Comments
- Comment #9
- Quote
- Nov 4, 2011 10:28am Nov 4, 2011 10:28am
- Sanguis
- | Joined Oct 2011 | Status: Member | 2845 Comments
- Comment #10
- Quote
- Nov 4, 2011 10:37am Nov 4, 2011 10:37am
- Dr.Zain
- Joined Sep 2008 | Status: Member | 1472 Comments
- Comment #11
- Quote
- Nov 4, 2011 10:46am Nov 4, 2011 10:46am
- vahid455
- | Joined May 2008 | Status: Member | 21 Comments
- Comment #12
- Quote
- Nov 4, 2011 10:47am Nov 4, 2011 10:47am
- kimis
- | Joined Mar 2011 | Status: Member | 6 Comments
- Comment #13
- Quote
- Nov 4, 2011 10:51am Nov 4, 2011 10:51am
- Guest
- | IP XXX.XX.213.181
- Comment #14
- Quote
- Nov 4, 2011 10:53am Nov 4, 2011 10:53am
- vahid455
- | Joined May 2008 | Status: Member | 21 Comments
- Comment #15
- Quote
- Nov 4, 2011 11:03am Nov 4, 2011 11:03am
- Sanguis
- | Joined Oct 2011 | Status: Member | 2845 Comments
- Comment #16
- Quote
- Nov 4, 2011 11:23am Nov 4, 2011 11:23am
- Noname
- | Commercial Member | Joined May 2010 | 1 Comment
- Comment #17
- Quote
- Nov 4, 2011 11:35am Nov 4, 2011 11:35am
- Sanguis
- | Joined Oct 2011 | Status: Member | 2845 Comments
- Comment #18
- Quote
- Nov 4, 2011 11:57am Nov 4, 2011 11:57am
- Guest
- | IP XXX.XX.24.191
- Comment #19
- Quote
- Nov 4, 2011 11:59am Nov 4, 2011 11:59am
- turanius
- | Joined Jun 2009 | Status: Senior Asset Manager | 329 Comments
- Comment #20
- Quote
- Nov 4, 2011 12:05pm Nov 4, 2011 12:05pm
- Sanguis
- | Joined Oct 2011 | Status: Member | 2845 Comments
- Comment #21
- Quote
- Nov 4, 2011 12:32pm Nov 4, 2011 12:32pm
- Guest
- | IP XXX.XXX.8.156
- Comment #22
- Quote
- Nov 4, 2011 1:43pm Nov 4, 2011 1:43pm
- Guest
- | IP XX.XXX.2.130
- Comment #23
- Quote
- Nov 4, 2011 1:44pm Nov 4, 2011 1:44pm
- tranco
- | Joined Sep 2010 | Status: Member | 526 Comments
- Comment #24
- Quote
- Nov 4, 2011 2:36pm Nov 4, 2011 2:36pm
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #25
- Quote
- Nov 4, 2011 2:46pm Nov 4, 2011 2:46pm
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #26
- Quote
- Nov 4, 2011 3:48pm Nov 4, 2011 3:48pm
- hadi_20
- | Joined Nov 2011 | Status: Member | 2 Comments
- Comment #27
- Quote
- Nov 4, 2011 3:50pm Nov 4, 2011 3:50pm
- davidwilk
- | Joined Oct 2011 | Status: Member | 21 Comments
- Comment #28
- Quote
- Nov 4, 2011 4:20pm Nov 4, 2011 4:20pm
- Mike Haran
- | Commercial Member | Joined Oct 2010 | 699 Comments
- Comment #29
- Quote
- Nov 4, 2011 4:54pm Nov 4, 2011 4:54pm
- tranco
- | Joined Sep 2010 | Status: Member | 526 Comments
- Comment #30
- Quote
- Nov 4, 2011 5:46pm Nov 4, 2011 5:46pm
- aboroy
- | Joined Nov 2011 | Status: Member | 15 Comments
- Comment #31
- Quote
- Nov 4, 2011 6:36pm Nov 4, 2011 6:36pm
- Mike Haran
- | Commercial Member | Joined Oct 2010 | 699 Comments
- Comment #32
- Quote
- Nov 4, 2011 7:31pm Nov 4, 2011 7:31pm
- Guest
- | IP XX.XX.193.26
- Comment #33
- Quote
- Nov 5, 2011 8:11am Nov 5, 2011 8:11am
- tranco
- | Joined Sep 2010 | Status: Member | 526 Comments
- Comment #34
- Quote
- Nov 5, 2011 9:16am Nov 5, 2011 9:16am
- cristmaster
- | Joined Nov 2011 | Status: Member | 584 Comments