The US GDP The US GDP is a gauge of the overall output of goods and services of the U.S. economy. It is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy. If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls
US Dollar Dived The confidence on the US Dollar, the US Banking System and its Monetary Policy is eroding. This was earlier expressed in Low Confidence in the US Dollar and Brazil and China not using the US Dollar . Now, another member of the Group of 20, Russia is shouting about a new global currency to replace the US Dollar. In the Forex
The Non Farm Payroll The April Non Farm Payroll reported a loss of 539k jobs compared revised 699k job loss in March. Forecasts expected a loss of about 600k to 610k jobs. The Unemployment Rate But the Unemployment Rate for April was not at all a surprise. As expected the unemployment in the US is still on the raise. The Unemployment Rate
ECB Interest Rate Bounced the Euro As widely expected, the ECB cut its benchmark lending rate by 25-basis points to 1.0%. However, the interest rate cut announcement was made by ECB President Trichet's post-decision press conference. This prompted the euro to bounce off its session lows against the dollar and climbed to a one-month high
Forex News on the Euro, Pound, Dollar & Yen this week There are several high impact Fundamental Forex News coming out this week. On Monday, we have the Euro Zone Current Accounts Report. This report which summarizes the flow of goods, services, income and transfer payments in and out of the Euro-zone nations to other countries. This
