Forex FundamentalUS Non-farm Payroll Report Shows Economy Shedding 663K Jobs in March The non-farm payroll report showed the economy shedding 663K jobs in the month of March with the unemployment rate rising to 8.5% the highest in 25 years. Those figures came mainly in line with expectations, and had a limited impact on the markets [...]
Forex FundamentalEmployment Situation Remains Grim Civilian Unemployment Rate: 8.5% in March vs. 8.1% in February, cycle low is 4.4% in March 2007. Payroll Employment: -663,000 in March vs. -651,000 in February, net loss of 86,000 jobs after revisions of payroll estimates for January and February. Hourly earnings: +3 cents to $18.50, 3.35% yoy change vs. [...]
Forex FundamentalFollowing some good weeks, the indices turned sour again with increases in both iTraxx Main and Crossover. The G20 summit is ongoing and the global leaders are heading for more regulation of the financial sector. Furthermore, IMF will be given further resources (rescue funds will be tripled). In Sweden, the government extended its guarantee [...]
Forex FundamentalOverview: Employment continued to decline at a rapid pace in March with job losses amounting to 663K. This was in line with consensus but probably somewhat less than what was built into market expectations following the dismal ADP report. However, prior months saw net revisions of -86K in total, leaving the over-all impression much [...]
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