Archive for January 6th, 2012

Foreign Exchange Insights and Next Week

Next Week

January 6, 2012

Next week begins with a Japanese closure for Coming of Age Day and ends with an early U.S. closure ahead of the Martin Luther King Day holiday.  The ECB, Bank of England, Bank Indonesia, and National Bank of Poland hold interest rate policy meetings. The week is filled with second-tier data releases, many devoted to […] More

Deeper Analysis

U.S. and Canadian December Labor Market Data

January 6, 2012

The U.S. jobs figures were better than expected, while Canada’s statistics fell a bit shy of forecasts. U.S. unemployment of 8.5% was down from an upwardly revised 8.7% in November, 9.1% in mid-2011, and 9.4% at the end of 2010.  Over the course of 2010, the jobless rate had declined a half-percentage point, or roughly […] More

New Overnight Developments Abroad - Daily Update

Street Expecting Good U.S. Jobs Report

January 6, 2012

Today is U.S. jobs day, and whisper numbers are conjecturing that non-farm payroll employment may have risen as much as 200K.  This optimism follows yesterday’s strong jobless claims and ADP private employment figures.  There appears to be more room for a reaction to weaker-than-forecast results. In the meantime, investors have other concerns, mostly but not […] More