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Daily Forex Snapshot: 11-6-2009

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Forex - US Session: US Unemployment Rises To 10.2%, But Drop In Risk Appetite Should Be Temporary

G10 Advancers and Decliners vs USD
JPY0.99
GBP0.06
CHF-0.18
EUR-0.22
FX markets have oscillated briskly since the US employment data this afternoon, as the Unemployment Rate posted a shock 10.2% against estimates for 9.9% (from last month’s 9.8%). The Change in Non-Farm Payrolls themselves were also worse than expected at -190k (vs. -175k consensus), but the figure was sweetened somewhat by last month’s upward revisions to -219k from -263k. We expected worse...
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Forex Alerts: 11-7-2009

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Daily Forex News & Commentary: 11-6-2009

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Major Risk Events Pass And Point To Further USD-Selling Into Year End

With the major central bank meetings of November out of the way and Q3 corporate earnings on the table, investors have already digested most of the major risk events likely to sculpt FX markets up until year-end.  Continued improvement in the economic backdrop coupled with central bank assertions that accommodative policy will remain in place for the time being leaves us in a sweet spot of...
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