eurusd update for 7th november 2012

November 7, 2012

Eurusd Resistance 1.2880

Eurusd Support 1.2750

Eurusd trading slightly higher after a major fire from gold, now at 1.2830 if it click our resistance and stays above this then expect 1.2920-1.2980

if euro manage to click our support and stays below this level then 1.27101.2650 and even more panic in euro not ruled out

overall looks for a down channel so avoid buy

more will update to our subscribers

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daily eurusd technical analysis

July 4, 2012
daily eurusd technical analysis 04-07-12

daily eurusd technical analysis 04-07-12

Again a cool resistance now at 1.2630 if this resistance click and it remain above this resistance than 1.2680-1.2720 and even more shine in euro not ruled out considering gold fire.. so above resistance dont hold your shorts if any .

a good support now at 1.2550 if this support click and gold remain below this level than 1.2510-1.2470 is next for euro

should we sell eur/usd or should we buy eur/usd ? will update to our subscribers


October Jobs Report: Deja Vu All Over Again

November 4, 2011

This is getting repetitive. The October jobs report, out Friday morning, is very similar to the reports of recent months. Some 80,000 new payroll jobs were created, and the unemployment rate ticked down to 9.0 percent. It highlights a trend of an employment market that’s recovering very slowly, with workers eking out meager gains.

A few items worth noting:

The “conservative recovery” continues. For months we’ve been noticing that, every month, the private sector adds jobs while the public sector cuts them. It’s been the case for much of the past year that the U.S. economy is growing not because of government spending, but in spite of government cutbacks. In October, the private sector created 104,000 jobs, with gains led by professional and business services (33,000) and leisure and hospitality (22,000). Manufacturing posted a small 5,000 jobs gain. Meanwhile, governments at all levels cut 24,000 jobs. Since May 2010, government has cut one million jobs while the private sector has added 2.28 million positions.

Labor market frustration remains at high levels. The headline unemployment rate is only one of several data points contained in the report. And while the 9.0 percent rate is pretty dreadful, other metrics bear witness to a high and depressing level of labor market weakness. The unemployment rate for teenagers stands at 24.1 percent. The employment-population ratio checked in at a truly weak 58.4 percent. And the U-6, an alternate measure of unemployment that includes people who have given up people who are marginally attached to the workforce and people who are working part-time but would rather be working full-time, stands at 16.2 percent. That’s down from 16.5 percent in September 2011, and down from 17.0 percent in October 2010, but it’s still much too high.

Workers with jobs are making limited gains. While the number of jobs increased, the labor market remains remarkably loose. And that means corporations are able to get away with minimal wage increases. Average weekly earnings rose a smidge in October, to $795.42 from $793.70 in September. Average weekly wages are up just 1.8 percent in the past 12 months.

The trend is your friend. Each month, the Bureau of Labor Statistics looks back at the data reported in the prior two months and issues a revised figure on job creation. In the last two years, it has been common for prior months to be revised upwards. That trend continued. The August figure, previously reported as a gain of 57,000 jobs, was nearly doubled to a gain of 104,000 jobs. The September figure, originally reported as a 103,000 jobs gain was revised sharply higher to a gain of 158,000. In all, BLS discovered 102,000 jobs that it hadn’t noted previously. So far this year, then, the economy has added 1.435 million jobs.

Here’s something else that’s repetitive: The jobs market won’t do much to spur the bodies in Washington that have the ability to do something about the situation to act. The Federal Reserve is bound by its dual mandate to promote full employment. But Chairman Ben Bernanke on Wednesday essentially indicated that, even though the central bank is failing miserably at carrying out that mandate, he doesn’t plan to do anything. And Congress and the White House are locked in their usual cycle of dysfunction. President Obama has proposed a series of measures that economists and neutral organizations agree would spur job creation. Republicans in the House and Senate, aided by a few Democrats, choose not to pass them. It’s worth repeating: The recovery in the jobs market is taking place despite government, not because of it. And that’s likely to be the case for next month as well.


Factory orders rose 0.3 percent in September

November 3, 2011

WASHINGTON (AP) — Companies increased overall orders to U.S. factories slightly in September but boosted demand in a key category that tracks business investment plans by the largest amount in six months.

The Commerce Department says that total factory orders increased for a third straight month, edging up 0.3 percent. Demand for core capital goods, the category that serves as a proxy for business investment spending, jumped 2.5 percent, the largest increase since a 5.4 percent rise in March.

The surge in demand for capital goods reflected significant increases in demand for heavy machinery and computers. These gains were seen as a positive sign for the weak economy that businesses are sticking with their plans to expand and modernize their operations


Fed Lays Ground for Large-Scale Asset Buys

November 2, 2011

Federal Reserve officials are probably engineering a third round of large-scale asset purchases, while they are unlikely to announce a decision today, according to economists in a Bloomberg News survey.

Sixty-nine percent of those surveyed say Chairman Ben S. Bernankewill embark on a third round of quantitative easing, or QE3, with a plurality of 36 percent predicting the move in the first quarter of next year, according to the poll of 42 economists from Oct. 26-31.

“We are becoming increasingly persuaded that QE3 is coming, this time focused on purchases of mortgage-backed securities,” said Dana Saporta, U.S. economist at Credit Suisse in New York. “The best guess is at this meeting they’ll try to build some consensus around the idea and lay the groundwork for eventual purchases.”

Fed officials are weighing further easing even after economic growth last quarter accelerated to the fastest pace in a year. Vice ChairmanJanet Yellen and Chicago Fed President Charles Evans said in speeches last month that more action may be needed to reduce an unemployment rate stuck around 9 percent or higher for 30 months. Governor Daniel Tarullo said the Fed should consider buying housing debt to lower mortgage rates and spur growth.

Three regional bank presidents have dissented against two easing steps since August, posing the strongest opposition among policy makers since 1992. Bernanke hasn’t publicly said whether he believes a third-round of asset purchases is necessary. In a speech last month in Boston, he said the Federal Open Market Committee is exploring ways to better communicate its goals, including through its forecasts and policy statement.


Unemployment falls in 75 pct. of US cities

November 2, 2011

WASHINGTON (AP) — Unemployment rates fell in about three-quarters of large U.S. cities in September, a sign that the nation’s modest job gains that month occurred across most of the country.

The Labor Department says unemployment rates fell in 280 large metro areas from August to September. They rose in 61 and were unchanged in 31. That’s the most number of cities to see a decline since April.

Nationwide, employers added a net 103,000 jobs in September. And the unemployment rate was 9.1 percent for the third straight month.

Unlike national and state data, metro unemployment figures aren’t adjusted for seasonal changes. Many of the areas with the sharpest drops in unemployment were cities with large universities. They likely added jobs at the start of the academic year


Dollar Index View

July 21, 2011
dollar index view

dollar index levels

Dollar Index Cmp : 74.10

View: +ve

Trade: Buy now sl below 73.;5 target

74.80-75.60


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