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Employment Worries Pressure U.S. Equities

Discussion in 'Forex Daily News & Outlook' started by forextrends24, Aug 31, 2010.

  1. forextrends24

    forextrends24 New Member

    Mar 27, 2009
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    Today’s sample of Forex Analysis from ForexHound.com

    The U.S. Dollar traded higher against most major currencies on Monday. The falling stock market contributed to the selling pressure in the higher-yielding currencies while a move to weaken the Japanese Yen triggered the opposite reaction by traders.

    U.S. stocks extended losses throughout the session after the release of U.S. income and consumption data showed meager advances in income and consumer spending. Increased M & A activity and a stock buyback by HP also failed to generate any interest in the long side of the market.

    Some traders believe that Friday’s U.S. Employment report is the problem. Investors may be staying on the sidelines worried about it. This month’s jobs report has taken on added importance following a summer of weak housing and consumer data. What it is basically coming down to is the thought that if there are no jobs, there will be no recovery.

    Read full article at ForexHound.com as well more Forex Trading articles including Forex Technical Analysis and Forex Education

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