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  • Initial Unemployment Claims in U.S. Fell to a Three-Year Low in Past Month

    From bloomberg.com

    Fewer Americans filed applications for unemployment benefits over the past month than at any time in the past three years, a sign the U.S. labor market is on the mend heading into the new year. The four-week moving average for claims, a less volatile measure than the weekly figures, dropped to 375,000 last week, the lowest level since June 2008, Labor Department figures showed today in Washington. Applications (INJCJC) rose for the first time in a month in the week ended Dec. 24, climbing by a more-than- forecast 15,000 to 381,000. The jump in claims last week may say more about their volatility during this time of ... (full story)

So Eu up, or waiting for "Pending Home Sales" ?
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must be careful. it can cheat on buying
Definitely up, do watch the US Indexes though!
We are at first up resistance, I think it is quite interesting area up .294.. because developmental here will decide if We will see some bigger up or new lows are in play..
Bad data= gloomy outlook for economic recovery= less attractive for risky asset= high demand for so call save heaven asset= good for USD

just my 2 cent..

feel free to comment if what i said is wrong
it will be down - SHORT, don't think the figures from states will give much risk appetitie!!!! so short
In past weeks there were both - risk on and off scenarios on US data...
Quoting izzas
Bad data= gloomy outlook for economic recovery= less attractive for risky asset= high demand for so call save heaven asset= good for USD

just my 2 cent..

feel free to comment if what i said is wrong
Exactly!
  •  Guest
  • | IP XX.XX.114.94
Quoting izzas
Bad data= gloomy outlook for economic recovery= less attractive for risky asset= high demand for so call save heaven asset= good for USD just my 2 cent.. feel free to comment if what i said is wrong
that seems to be wrong. because the bad date of unemployment claims is especially a bad case for the us currency; the us dollar. so this means bad expectations for the us economics, so a weaker position for the us dollar. traders rather invest their money in an other currency. so in that case eur/usd is up.

but in the current insecurity of the euro, maybe traders will use the tempory and current higher eur/usd prices to take better positions for their sells. in that case we will get lower eur/usd prices soon.

i think we will see the second case.
  •  Guest
  • | IP XXX.XXX.3.250
"Pending Home Sales"
like to come in favor of USD
Within expectations: 362K to 382K : In such a case, EUR/USD is likely to rise within range, with a small chance of breaking higher.
the risk adversion will still be short for eur/usd. but liquidity is low at the moment, so we are likely to see some bullish euro, but not for long, it will go down as per technical indications.
  •  Guest
  • | IP XX.XXX.16.16
so?? stable for the moment?? why?
I can't believe people call consider this as positive~~
Quoting Guest
so?? stable for the moment?? why?
probably the market is waiting for pending home sales data...
if pending home sale goes positives it's likely that eu will fall down to 1285x.
  •  Guest
  • | IP XX.XX.114.94
maybe us will publish bad date to get a cheaper dollar, i hope they won't!
Quoting Guest
maybe us will publish bad date to get a cheaper dollar, i hope they won't!
bad data will rise the dollar ...
So here we are... in this exciting zone from .290..-.294.. some fresh orders will be there in both directions. let see were it goes - I had an idea to open order in one of zone sides depending from news, but now I am not sure - it seems no new lows for short term...but buy is risky...
  •  Guest
  • | IP XX.XX.114.94
Quoting Donald S
bad data will rise the dollar ...
Usual Effect Actual > Forecast = Good for currency;
dollar is bad but euro is worse...expect both to tank in 2012
obama in seeking reelection will fudge economic numbers short term
  •  Guest
  • | IP XXX.XXX.196.141
market is price in, LOL
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