Forex FundamentalEURO The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3515 level and was supported around the US$ 1.3220 level. U.S. March non-farm payrolls printed at -663,000 and the unemployment rate reached 8.5%, a new 25-year high,. Average hourly earnings were up +0.2% and January’s [...]
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 Fundamental- While more or less in line with expectations, the morning’s downbeat economic data is weighing on equities. The widely anticipated March nonfarm payrolls data was every bit as bad as anticipated, while the second revision to the January nonfarm number (to -741K from -655K, now the lowest since Oct 1949) was an unpleasant [...]
