So we know that the labor market is weak after this morning’s non-farm payrolls report and when it is weak, that generally translates into weaker consumer spending. Retail sales, the primary measure of US consumer spending is due out next Friday and this report will be the next most potentially market moving number for [...]

Posted in Forex News, Layoffs, US Economy, Wall Street Journal, consumer spending, payrolls No Comments »

I wrote an outlook for “August Non-Farm Payrolls: What to Expect for the US Dollar” on DailyFX.com
Here are the highlights:
Arguments for Below 100k Non-Farm Payrolls
• ADP Employment Falls to 4 Year Low for 2nd Straight Month
• Challenger Reports a 21.7% Increase in Layoffs
• Employment Component of Service Sector ISM Drops to Contractionary Levels
• Hudson [...]

Posted in DailyFX, FOMC, Fed Rate Cut, Federal Reserve, Forex News, Layoffs, Stock Market, US Dollar, US Economy, payrolls, retail sales No Comments »

Even though the headline service Sector ISM number remained unchanged in August, which is stronger than the market’s expectations, the employment component of the ISM report was the WEAKEST SINCE MARCH 2003. The employment component is now in contractionary territory for the first time in close to 4 years. Service sector employment growth should be [...]

Posted in Carry Trades, Forex News, Layoffs, Stock Market, US Dollar, US Economy, payrolls No Comments »

Pending home sales dropped 12 percent in July, the steepest drop since 2001. With housing and labor market data both pointing to dire times ahead, Fed Chairman Ben Bernanke will have no choice but to lower interest rates this month. The question going forward should be whether the Fed decides to lower rates by [...]

Posted in Adjustable Rate Mortgages, Carry Trades, Dow, Fed Rate Cut, Federal Reserve, Forex News, Home Sales, Housing Market, Interest rates, Japanese Yen, Layoffs, New Zealand dollar, Stock Market, US Dollar, US Economy, US Treasuries, payrolls No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 07:42 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy

 
Podcast Covers:
- Why Now is a Good Time to Sell the Dollar

More on this topic

(What's this?)

Trading Forex with Signals – A Social Network Way of Thinking

(Forex Trading TV Video [...]

Posted in Australian Dollar, Bernanke, Carry Trades, Crude Oil Prices, Dow, ECB, FOMC, FX Radio, Fed Rate Cut, Federal Reserve, Forex News, Housing Market, Interest rates, Japanese Yen, Layoffs, Stock Market, Subprime, US Dollar, US Economy, Wall Street Journal, consumer spending, euro, payrolls No Comments »