Non-farm payrolls dropped by -651K and USD/JPY and the EUR/USD rallied. What is behind the move?
The number of jobs lost in the US economy was 1,000 more than the 650k forecast, but compared to revision in January from -598k to -655k, non-farm payrolls actually rebounded! Here’s another score for the employment component of service [...]

Posted in Forex News, forex blog, non-farm payrolls No Comments »

Last night, I was on Sky News Australia talking about a variety of things ranging from the Federal Reserve’s policy action, China, the US dollar, the Euro, the Australian and New Zealand dollars.
Here’s the interview:

Get the Flash Player to see this player.

var s0 = new SWFObject(”http://www.kathylien.com/site/wp-content/plugins/flash-video-player/mediaplayer.swf”,”n0″,”320″,”260″,”7″);
s0.addParam(”allowfullscreen”,”true”);
s0.addParam(”allowscriptaccess”,”always”);
s0.addParam(”wmode”,”opaque”);
s0.addVariable(”javascriptid”,”n0″);
s0.addVariable(”height”,”260″);
s0.addVariable(”width”,”320″);
s0.addVariable(”image”,”http://www.kathylien.com/site/videos/skynews011409.jpg”);
s0.addVariable(”searchbar”,”false”);
s0.addVariable(”screencolor”,”0×000000″);
s0.addVariable(”overstretch”,”true”);
s0.addVariable(”showeq”,”false”);
s0.addVariable(”showicons”,”true”);
s0.addVariable(”shownavigation”,”true”);
s0.addVariable(”showstop”,”false”);
s0.addVariable(”showdigits”,”true”);
s0.addVariable(”showdownload”,”false”);
s0.addVariable(”usefullscreen”,”true”);
s0.addVariable(”autoscroll”,”false”);
s0.addVariable(”displayheight”,”240″);
s0.addVariable(”thumbsinplaylist”,”true”);
s0.addVariable(”autostart”,”false”);
s0.addVariable(”bufferlength”,”3″);
s0.addVariable(”repeat”,”false”);
s0.addVariable(”rotatetime”,”5″);
s0.addVariable(”shuffle”,”false”);
s0.addVariable(”smoothing”,”true”);
s0.addVariable(”volume”,”80″);
s0.addVariable(”enablejs”,”true”);
s0.addVariable(”linkfromdisplay”,”false”);
s0.addVariable(”linktarget”,”_self”);
s0.addVariable(”searchlink”,”http://search.longtail.tv/?q=”);
s0.addVariable(”file”,”http://www.kathylien.com/site/videos/skynews011409.flv”);
s0.write(”video0″);

I also talked to Chip Hanlon of Greenfaucet.com about my [...]

Posted in Australian Dollar, Federal Reserve, Forex News, Forex Podcast, Forex TV, New Zealand dollar, euro 1 Comment »

The EUR/USD has fallen close to 4 percent or 600 pips since the beginning of the year. Although fundamental factors are certainly in play, there are seasonal factors as well.
Back in December, I published article warning about the seasonal effect on the EUR/USD.
Looks like it is playing out as expected:
One of the [...]

Posted in Forex, Forex News, eurusd seasonality, forex blog, forex signals 3 Comments »

I was one of the few analysts calling for a potential rebound in non-farm payrolls in the month of December (Non-Farm Payrolls Preview: Could We See a Rebound) and that was exactly what we saw this morning. 524k jobs were lost in the US economy, which is modestly better than the -586k [...]

Posted in 2009 us dollar forecast, Forex News, forex blog, non-farm payrolls, payrolls 4 Comments »

The US dollar is selling off aggressively ahead of Friday’s non-farm payrolls report on the fear that for the second month in a row, job losses may have topped 500k. The recent moves in the currency and equity markets suggest that everyone expects a very weak labor market report. Although the consensus forecast [...]

Posted in 2009 currency forecasts, 2009 us dollar forecast, Fed Rate Cut, Forex News, US Dollar, US Economy, dollar recession, forex blog, non-farm payrolls 4 Comments »