User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday December 5, 2014 - 16:02:35 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: November Jobs Report Best in Three Years

Fri, 05 Dec 2014 10:44 AM EST

***Economic Data***
- (US) Nov Change in Nonfarm Payrolls: +321K v +230Ke; Change in Private Payrolls: +314K v +225Ke; Change in Manufacturing Payrolls: +28K v +15Ke
- (US) Nov Unemployment Rate: 5.8% v 5.8%e; Underemployment Rate: 11.4% v 11.5% prior; Change in Household Employment: +4K v +683K prior; Labor Force Participation Rate: 62.8% v 62.8% prior
- (US) Nov Average Hourly Earnings M/M: 0.4% v 0.2%e; Y/Y: 2.1% v 2.1%e; Average Weekly Hours: 34.6 v 34.6e
- (US) Oct Trade Balance: -$43.4B v -$41.2Be
- (CA) Canada Oct Int'l Merchandise Trade: C$0.1B v C$0.2Be
- (CA) Canada Nov Net Change in Employment: -10.7K v 0.0Ke; Unemployment Rate: 6.6% v 6.6%e; Full Time Employment Change: +5,7K v +26.5K prior; Part Time Employment Change: -16.3K v +16.5K prior; Labor Productivity Q/Q: +0.1% v 1.8% prior; Participation Rate: 66.0% v 66.0%e
- (MX) Mexico Nov Consumer Confidence Index: 92.9 v 90.0e
- (MX) Mexico Oct Leading Indicators M/M: 0.10 v 0.11 prior
- (US) Oct Factory Orders: -0.7% v 0.0%e
- (MX) Mexico Central Bank (Banxico) left Overnight Rate unchanged at 3.00%

The largest gain in non-farm payrolls in three years is certainly helping this morning, but the gains are less than might be expected. Big job gains can only prod the Fed to moving sooner on rates, a feeling that is reflected in the underperformance in the belly of the curve. Note that fed fund futures are now fully pricing in a rate hike by next summer. As of writing the DJIA is up 0.24%, the S&P500 is up 0.10% and the Nasdaq has added 0.33%.

The November non-farm payrolls report delivered its highest reading in more than three years, while the October non-farm total was revised up by more than 10%. Along with big payrolls gains came a surprising m/m bump up in hourly earnings, which was twice the expected rate and well ahead of October's rate. The dollar strengthened in the wake of the numbers, with EUR/USD briefly testing below 1.2280 while USD/JPY it at its highs around 121.70.

The financial sector is leading the S&P500 higher this morning, with shares of the biggest banks rising 1.5-2.0% a piece in the early going. Interest rate hikes should benefit the industry, and better employment certainly suggests more spending, more loans and more mortgages. Homebuilders are making very modest gains. Crude has dropped more than a buck since the jobs report, with WTI futures dipping to $65.50 and Brent down to $68.50. Overall the materials sector is the laggard on the S&P500.

Retain names American Eagle and Big Lots are getting slammed after reporting pretty dismal quarterly results. Big Lots' quarterly loss was steeper than expected, although the firm is still eking out positive sales comps. American Eagle met expectations, but comps were down 5% with no recovery in sight. Gap had gained in the post market thanks to a surprisingly strong November SSS report, although GPS has given up its gains. AEO and BIG are both down 14% a piece.

***Looking Ahead***
- Ireland, Italy, Latvia and Sweden sovereign debt ratings to be published
- 12:30 (US) Fed's Meister speaks in Washington
- 14:45 (US) Fed's Fischer speaks Via Video to IMF Event in Washington
- 15:00 (US) Oct Consumer Credit: $16.5Be v $15.9B prior
- 19:00 (CO) Colombia Nov CPI M/M: 0.0%e v 0.2% prior; Y/Y: 3.5%e v 3.3% prior
- 19:00 (CO) Colombia Nov CPI Core M/M: No est v 0.2% prior; Y/Y: No est v 2.9% prior


Forex Trading News

Forex Research

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 here.

Forex News
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."

Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 19 Mar 2018
Tue 20 Mar 2018
AA 9:30 GB- CPI
A 10:00 DE- ZEW Survey
Wed 21 Mar 2018
AA 03:00 AU- Employment
AA 9:30 GB- Employment
A 12:30 US- Current Account
AA 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
A A 18:00 US- Fed Rate Decision
A 21:00 NZ- RBNZ Rate Decision
Thu 22 Mar 2018
AA All Day flash PMIs
AA 9:30 GB- Retail Sales
AA 12:00 GB- Bank Of England Decision
A 13:30 US- Weekly Jobless
Fri 23 Mar 2018
AA 12:30 CA- CPI/Retail Sales
A 12:30 US- Durable Goods
A 14:00 US- New Homes Sales

John M. Bland, MBA
co-founding Partner,
Start trading with forex broker Markets Cube

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.


Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map

Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.



Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105