Forex News Blog
Back to The Headlines
Monday November 2, 2009 - 21:50:24 GMT
Share This Story
cinneas.com - www.cinneasfx.blogspot.com
Digging into the Numbers - Construction and ISM
The EUR/USD rebounded significantly following this morning's better than expected data, with the ISM coming in at 55.7. Construction Spending also showed considerable gains. However the ISM number showed no sign of Employment Growth, and the Construction Spending number was boosted by strong Governmental Spending on a Federal, State and Local level. Once again we are seeing a jobless recovery as evidenced by the ISM number, spurred by Government Stimulus Programs. As we have noted a number of times before; Government Stimulus cannot carry on forever, and every dollar spend today is a dollar borrowed from the future. If the consumer doesn't step up spending - and he won't if he doesn't find a job, then these better than expected numbers will be short lived. EUR/JPY, CHF/JPY and GBP/JPY all rallied significantly on the numbers, but this move may prove short lived, as it did after the GDP numbers, as analysts parse the data and see the underlying current. We still believe it is too early for the Fed to change the wording officially in their communiquÃ©. We expect Fed jawboning regarding it, but the action will not happen until the non-farm payrolls numbers show significant strength.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Upgrade Your Trading experience. Try the Amazing Trader
- Actionable trading levels delivered to YOUR charts in real-time.
- Live trading strategy sessions.
- Market Updates with Trading Tools.
Trading Ideas for 15 January 2018
Upgrade Your Trading. Try The Amazing Trader
Amazing Trader EVENT RISK Calendar:
Mon 15 Jan 2018
00:00 US- Holiday
Tue 16 Jan 2018
09:00 GB- CPI
20:00 US- Beige Book
Wed 17 Jan 2018
00:30 AU- Employment
02:00 CN- GDP
10:00 EZ- final HICP
14:15 US- Industrial Production
15:00 CA- Bank of Canada Decision
Thu 17 Jan 2018
13:30 US- Weekly Jobless
13:30 US- Housing Starts/Permits
16:00 US- EIA Crude
Fri 18 Jan 2018
09:30 GB- Retail Sales
15:00 US- University of Michigan (prelim) Survey
PROSPECTIVE Trading Opportunities
- POTENTIAL PRICE RISK: HIGH- Tue -- 09:30 GMT-- GB- CPI
- POTENTIAL PRICE RISK: HIGH- Wed -- 00:30 GMT-- AU- Employment
- POTENTIAL PRICE RISK: Medium- Wed -- 10:00 GMT-- EZ- Final HICP
- POTENTIAL PRICE RISK: HIGH to Medium- Wed --14:15 GMT-- US- Industrial Production
- POTENTIAL PRICE RISK: HIGH- Wed -- 15:00 GMT-- CA- Bank Of Canada Decision
John M. Bland, MBA
co-founding Partner, Global-View.com
Max McKegg's Daily Forex Trading Forecasts
Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
Request a TRIAL of Max's Forex Service.