To the relief of dollar bulls, US corporations cut only 20k jobs in the month of April compared to the market’s -75k expectations. The unemployment rate also dropped from 5.1 to 5.0 percent, triggering a widespread dollar rally. The better than expected NFP number will help to confirm the near term bottom in the US [...]

Posted in Layoffs, US Dollar, non-farm payrolls No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 6:46 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Non-Farm Payrolls Fall by 20,000 in April; Unemployment Rate Unexpectedly Falls to 5%
Fed Raises Emergency Auctions to $75 Billion to Counter Liquidity Shortage
Euro’s Bull Run [...]

Posted in Bernanke, Bloomberg, Canadian Dollar, Crude Oil Prices, FX Radio, Fed Rate Cut, Forex Podcast, US Dollar, US Economy, Wall Street Journal, euro, non-farm payrolls, payrolls No Comments »

You can also read this non-farm payrolls preview on DailyFX.com
The Federal Reserve cut interest rates by 25bp yesterday and hinted that they will pause when they meet again in June. In response to this shift, the market immediately priced in an 85 percent chance that interest rates will be left at 2 percent at [...]

Posted in Fed Rate Cut Expectations, Federal Reserve, non-farm payrolls 1 Comment »

Here is the “In the Financial Papers Radio Broadcast” (Length: 6:00 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Countrywide plunges to $893m loss
Deutsche falls to first loss in five years - Job Cuts?
Fed set for further cut in rates
Saudis to launch $5.3bn sovereign [...]

Posted in Bernanke, Bloomberg, British Pound, Crude Oil Prices, ECB, FX Radio, Fed Rate Cut, Fed Rate Cut Expectations, Forex Podcast, Housing Market, Inflation, Saudia Arabia dollar peg, Sovereign Wealth Funds, Trichet, US Dollar, US Economy, Wall Street Journal, consumer spending, non-farm payrolls, retail sales, weak dollar earnings No Comments »

After hitting a high above 1.60, the EUR/USD has fallen over 400 pips. The failure to extend far beyond 1.60 should not be all that surprising if you have been following my posts. Last Tuesday, when the Euro broke 1.60, I pointed out that the lack of major option barriers above 1.60 suggested [...]

Posted in Bernanke, ECB, FOMC, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Inflation, US Dollar, US Economy, Wall Street Journal, euro, non-farm payrolls 5 Comments »