Forex Factory

New U.S. Weekly Jobless Claims declined last week according to the government, but were still too high to have a strong impact on the week labor market.

This morning the European Central Bank left interest rates unchanged as expected. ECB President helped move the Euro a little higher by stating that recent data has been stronger than expected partly due to temporary factors, but the ECB still expects the Euro Zone’s economic recovery to be moderate...

The Euro found further support near 1.2650 against the dollar during Wednesday and strengthened to above the 1.2750 level ahead of the US economic data releases with reports of Far East central bank Euro buying providing some underlying support. The US ADP employment report was weaker than expec...

Central banks and investors around the world are worried about the outlook for the U.S. economy. Whether these fears are accurate or misplaced will hinge on tomorrow's non-farm payrolls report. The outcome of the NFP release is important because it will not only affect the market's appetite for U.S....

The ECB's extension of emergency liquidity measures and its upward revision to growth forecasts were completely as expected and provided no guidance on future other policy other than to confirm that the status quo will remain for a long time to come, analysts said. The prevailing view was that wh...

You got to know when to hold ‘em, know when to fold ‘em Know when to walk away, know when to run These are the lyrics to what many consider to be a great song, The Gambler by Kenny Rogers. Despite the obvious poker reference the message in these lyrics contains knowledge that applies to many areas...

We expect US August Non-Farm payrolls to show a decline of 125,000 in August due in large part to dismissals among temporary Census workers. The unemployment rate is expected to edge up to 9.6% from 9.5%.

Imagine after the Battle of Cannae, where Hannibal annihilated the much larger opposing Roman legions, that Varro, the surviving co-leader of the defeated army, was allowed to present an unchallenged explanation of what happened and then was not only kept in his job but was given an expanded remit...

FXCM just released its formal statement on the new CFTC rules and it seems they are pretty worried about the possibility of not being able to accept US clients in their own non-US subsidiaries. Potentially this means that US based brokers will have to terminate all accounts in their foreign...

USD/CAD (a 4-hour chart of which is shown) as of Thursday (9/02/2010) has settled above 1.0470 support once again after having just descended from a key resistance re-test in the 1.0670 price region, which formed a double-top high. This all occurs within the context of a short-term parallel uptrend...

The number of first-time filers for unemployment insurance fell for a second straight week last week, but the level suggests that the labor market remains sluggish. There were 472,000 initial jobless claims filed in the week ended Aug. 28, down 6,000 from an upwardly revised 478,000 the previous ...

The Japanese yen is strengthening after a report from Bloomberg news saying that Japanese officials are concerned that forex interventions will fail without the support of the U.S. government. According to the Bloomberg report, three unnamed top government officials have said that the government...

The action so far today is confusing to say the least. However,there are some patterns - some levels - which are starting to make sense in a senseless market. So if you are confused, take a moment and listen in to the commentary. Perhaps it will clear up some of your confusion today - and allow you...

The European Union may limit so- called naked short sales of shares and government debt, which it says can cause a “disorderly market and possible systemic risks.” Traders would be required to submit proof that they have access to the underlying security to settle a trade designed to profit from...

Canada’s currency depreciated versus the greenback after the biggest one-day rally in three months on concern U.S. job losses will stall the global economic recovery. “Risk sentiment has not repeated yesterday’s orgy of risk appetite,” David Watt, senior currency strategist in Toronto at Royal B...

The most important lesson to come from the financial crisis is that banks must not be allowed to become "too-big-to-fail," Federal Reserve chairman Ben Bernanke said Thursday. Stressing the need for banks to hold more cash in reserve and face stricter regulations, Bernanke also told a panel inves...

Japan needs to drive down the value of the yen against the dollar to stop the country’s exporters from losing out to competitors in South Korea, according to Standard Life Investments. The Japanese economy grew an annualized 0.4 percent in the three months ended June 30, while South Korea’s gros...

The number of contracts to purchase U.S. previously owned houses unexpectedly rose in July, a sign the market may be starting to stabilize after the expiration of the homebuyer tax credit. The index of pending home resales rose 5.2 percent after a revised 2.8 percent drop the prior month, figure...

The value of new factory orders rose 0.1% in July on the strong aircraft-led gain in durable goods orders, offset by flat nondurable goods orders, data released by the Commerce Department Thursday morning showed. Analysts in a Market News International survey had expected factory new orders to r...

Federal Reserve Chairman Ben S. Bernanke said he regretted not saying in congressional testimony shortly after the failure of Lehman Brothers Holdings Inc. in 2008 that the central bank had no way to save the firm. The testimony at the time “has supported this myth that we did have a way of savi...