Since the beginning of the year, the US dollar has fallen 5.9 percent against the Euro and 6.7 percent against the Japanese Yen.
For many countries, including the US, a weak dollar has caused major problems ranging from deteriorating export growth to inflation. The one good thing that the weaker dollar was supposed […]

Posted in ISM manufacturing, weak dollar earnings, US Economy, euro, DailyFX, US Dollar No Comments »

It’s time to shift our focus to Friday’s non-farm payrolls report.
Tomorrow we are expecting a number of leading indicators for non-farm payrolls including:
1. Challenger Layoff report
Last month, layoffs increased 19%
2. ADP employment survey
Last month, ADP grossly overstated private sector payroll growth. They called for a rise of 126k. For Feb, they […]

Posted in ISM Services, ISM manufacturing, non-farm payrolls, US Dollar No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 09:15 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
- Insight: The next crisis will be over food
- US Import Prices Soar to Record High, but Manufacturing in NY Region Tanks
- U.S. Stock Futures […]

Posted in Forex Podcast, recession, Trichet, retail sales, Gold, USD/CAD, ISM manufacturing, Philadelphia Fed Manufacturing Index, Fed Rate Cut Expectations, consumer spending, Wall Street Journal, FX Radio, Bloomberg, Crude Oil Prices, US Dollar, Bernanke, Bank of Japan, Interest rates, Housing Market, Fed Rate Cut, Japanese Yen No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 7:51 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
- Australia Raises Interest Rates to 7 Percent, an 11 Year High
- US Service Sector ISM Falls to Contractionary Levels
- Credit Tightening as Demand Falls […]

Posted in Fed Rate Cut Expectations, ISM manufacturing, ISM Services, Forex Podcast, Fed Rate Cut, Australian Dollar, china, FX Radio, Federal Reserve No Comments »

Service sector ISM caught the market completely by surprise, not only because it was released 1 hour early but also because it fell to the lowest level in 7 years.
This is the first time the service sector contracted in at least 5 years and confirms that the US economy is in a contraction. […]

Posted in ISM manufacturing, recession, US Economy, US Dollar No Comments »