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Market Recovery Was HavingTitle:
Weekly Economic and Financial Commentary : 05/02/2012
Weekly Economic and Financial Commentary : 05/02/2012
U.S. Review
Off to a Good Start for the Year
The employment report for January showed that 243,000 jobs were added with the unemployment rate declining slightly to 8.3 percent. The details of the report however, suggest that unseasonably warm weather may be playing a role in the stronger job gains.
The ISM-Manufacturing Index posted a marginal improvement in January as new orders jumped for the month. Export orders also posted a ...
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Better Data Drives Risk On, Fed QE3 Off
The Week Ahead
Highlights
Better data drives risk on, Fed QE3 off
Still waiting on a Greek debt deal
Central banks' decisions on tap
Better data drives risk on, Fed QE3 off
The past week ended with a string of better-than-expected data releases from key major economies, suggesting the global recovery may avoid a more worrisome downturn. Mostly better than expected PMI's from Europe, UK, China and the US were supplemented on Friday by a much stronger US employment report than was ...
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Central bank liquidity tap to stay open
After a blockbuster January for both equities and bonds - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central banks in the coming week for signs of continued easy money.
They will also be closely watching negotiations over a second bailout deal for Greece, while Chinese data on trade and inflation and a heavy week of corporate earnings all lie ahead.
Investors are having to adjust quickly to signs that global economic growth, ...
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The superpower's labor market continuous deterioration may be slightly easing but remains nowadays m
Today is the day that traders and overall people were patiently waiting for since the Jobs Report will be released to actually give us a hint on the current health of the world's leading economy, knowing unfortunately that the key sector; the labor market remains deeply deteriorated despite slight signs of enhancement, which will therefore continue on postponing a full strong recovery from the recession to be witnessed throughout the country.
In truth be told, the present recovery path gained ...
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European shares slip back from six-month highs
European shares fell slightly on Friday, from six-month closing highs, as investors awaited U.S. jobs data for indications of the strength of the recovery in the world's biggest economy.
At 3:07 a.m. ET, the FTSEurofirst 300 .FTEU3 index of top European shares was down 0.1 percent at 1,058.84 points, having hit its highest close since early August in the previous session.
Finnish refiner Neste Oil (NES1V.HE) was among the fallers, down 2.2 percent, after reporting a bigger-than-expected fall ...
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Gold rises to two-month high, eyes U.S. payrolls
Gold rose on Thursday for a third consecutive day on a larger-than-expected fall in new U.S. claims for unemployment benefits, but analysts said bullion could pull back due to an upcoming U.S. jobs report.
Bullion hit a two-month high, reversing initial losses after encouraging jobless claims data pointed to a recovery jobs market, ahead of the closely watched January U.S. nonfarm payrolls report on Friday.
The precious metal has risen nearly 12 percent this year, as gains accelerated after ...
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Japan finance minister asks BOJ to ease, yen in danger zone
(Reuters) - Japan's finance and economic ministers piled pressure on the Bank of Japan on Thursday to consider easing policy further, as the yen climbs back to levels that led to Tokyo to intervene heavily in currency markets last year to protect its export-reliant economy.
BOJ Deputy Governor Hirohide Yamaguchi said he saw no need to ease policy right away, but the central bank could face growing calls to offer more monetary stimulus to help exporters through any prolonged slump, even though ...
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Creating More Debt to Solve the Crisis
Readers who expect an early end to this Great Correction are going to be disappointed. There is no sign of it reaching its conclusion anytime soon. Just the contrary…there’s no end in sight.
The Great Correction seems to be going along just as you’d expect. Or, just as we’d expect.
Here’s the latest from Reuters:
Home prices fell more steeply than expected in November, and consumers turned less optimistic in January, highlighting the hurdles still facing the bumpy economic recovery.
The S&P/ ...
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Gold on track for biggest gain since August
Gold prices were on course for their biggest monthly rise since August on Tuesday, boosted by economic unease in Europe and the United States and raising the possibility of a climb toward last year's record high of just over $1,900 per ounce.
Sentiment for gold at the end of January compares starkly with late December, when prices dropped by more than 10 percent in their biggest monthly fall since the collapse of Lehman Brothers in an investor dash for cash.
A $400 price drop from last ...
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