Category Archives: OANDA News
Eurozone Retail Sales Make Slight Gain
Retail sales for the eurozone region rose slightly in July, gaining 0.1 percent after a 0.2 percent gain in June. Several of the smaller member nations recorded more significant gains including a 3.0 percent increase in Portugal and a 2.9 percent increase in Malta. Continue reading
Oil Dips Below $75 a Barrel
Oil prices were off slightly as investors digested the latest US Employment Report, falling by 35 cents at $74.67 a barrel in electronic trading on the New York Mercantile Exchange. On Thursday, oil gained $1.11 to $75.02 a barrel Continue reading
54,000 US Jobs Lost Last Month
The US Labor Report brought more discouraging employment news today as for the third month in a row, jobs continued to evaporate. In August, 54,000 jobs were lost, lifting overall unemployment to 9.6 percent from 9.5 percent. The one bright note was the private sector created more jobs than expected during the month with 67,000 new positions filled. Continue reading
NFP or Russian Roulette anyone
It’s like attending a bingo session. All eyes will be down waiting for the highly anticipated employment print this morning. Will this week’s ADP report translate into a much weaker jobs number? Continue reading
US Weekly Jobless Claims Fall to 472,000
New claims for jobless benefits for the week ending August 28th fell by 6,000 to 472,000 compared to the previous week. Continue reading
ECB Raises Growth Forecast
The European Central Bank lifted its growth prediction for the eurozone region to between 1.4 and 1.8 percent for this year, and for between 0.5 and 2.3 percent for next year. ECB President Jean-Claude Trichet said the eurozone recovery has been supported by global growth and reflected “temporary domestic factors”. Continue reading
NFP herding us to No Mans Land
Better industrial data out of China and the surprising ISM print in the US has every, already confused trader, becoming ‘more lost’ in whatever convictions they have left. At least we have the NFP crap-shoot still to come, that is bound to surprise. Continue reading
ADP Payroll Report Finds Job Losses on the Increase
The monthly ADP Employer Services survey shows that US employment fell by 10,000 during the month of August, the first monthly job loss since January. This flies in the face of a survey of economists that forecast a gain of 15,000 jobs. Continue reading
Manufacturing on the Increase in China
For the first time in four months, China’s Purchasing Manager Index (PMI) recorded an increase rising to 51.7 in August from 51.2 in July. A number above 50 on the index indicates an increase in activity. The latest result will ease concern that growth is waning in China which is seen as a vital component in leading the global economy to recovery Continue reading
Fed Could Buy More Debt
Meeting minutes from the US Federal Reserve’s August meeting released yesterday indicate that the Bank is prepared to buy more US debt if the economy were to worsen “appreciably”. The minutes suggest that the Central Bank favors the purchase of government bonds but would buy additional mortgage debt if necessary to protect the credit market Continue reading