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US Unemployment Tops 10%

For the first time since 1983, US unemployment has broken through the 10 percent level with most analysts predicting higher rates to follow. Almost 16 million Americans are now out of work and another 190,000 jobs were eliminated in October, marking the 22nd straight month that the US workforce has contracted. One of the more startling findings in the latest employment report, is that the number of Americans who have been out of work for six months or longer, rose to [...] read more

USD Roundup

Posted by Scott Boyd at 9:04 am EST, 11/06/2009
Posted by Scott Boyd at 7:57 am EST, 11/06/2009
Posted by Dean Popplewell at 5:56 am EST, 11/06/2009
Posted by Scott Boyd at 10:52 am EST, 11/05/2009
Posted by Dean Popplewell at 5:52 am EST, 11/05/2009

Forex Rumors »

Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 2:44 pm EST, 11/05/2009
Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 8:17 am EST, 11/04/2009
Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 8:15 am EST, 11/04/2009
Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 9:01 am EDT, 10/30/2009
Consumer Price Index :

CPI : The Consumer Price Index (CPI) is considered one of the most effective measures of inflation within an economy. When high inflation becomes a concern, investors abandon the currency in search of other investment options thus lowering the demand for the currency on the forex markets.

Central Bank Watch »

Central Bank Exit Policies

Posted by Alfonso Esparza 10:23 am EDT, 10/01/2009

Very interesting to read Donald L. Kohn’s thoughts on the conditions, tools and how to communicate when a Central Bank is ready for an exit strategy. This will come in handy to measure what the Fed is doing and how they are sticking to Kohn’s recommendations. Conditions for Exit In its most important aspects, the decision about when to begin exiting from the unusual policies is not materially different from any decision to start tightening monetary policy. We will need to [...] read more

Economic Exposure »

US Unemployment Reaches 10.2 percent

Posted by Alfonso Esparza 10:01 am EST, 11/06/2009

The Non Farm Payrolls report resulted in a loss of 190,000 jobs in October. The figure came out above market expectations of around 175,000 and the big shock came with the unemployment rate that is not 10.2 percent, the hightest in 26 years. The September figure was revised down from a loss of 263,000 jobs to 219,000 and the only bright spot in the report. The economists are already forecasting worse figures going into November and December although it [...] read more

Latest Articles

Posted by Scott Boyd at 4:04 pm EST, 11/06/2009
Posted by Scott Boyd at 3:58 pm EST, 11/06/2009
Posted by Scott Boyd at 12:17 pm EST, 11/06/2009
November
6
Today’s Global
Market Events
7:00am

CAD
Employment Change
10.0k vs. 30.6k
CAD
Unemployment Rate
8.5% vs. 8.4%
8:30 am

USD
Non-Farm Employment Change
-173k vs. -263k
USD
Unemployment Rate
9.9% vs. 9.8%
USD
Average Hourly Earnings m/m
0.1% vs. 0.1%
9:45 am

USD
FOMC Member Evans Speaks
10:00 am

USD
Wholesale Inventories m/m
-0.9% vs. -1.3%
11:30 am

USD
FOMC Member Duke Speaks
3:00 pm

USD
Consumer Credit m/m
-9.9b vs. -12.0b