Go Back   DailyFX Forex Forum | FX Forum
Reload this Page Sidebar Wrapper

Thread: Trading Economic News
View Single Post
  #607 (permalink)  
Old 08-31-2009, 10:37 AM
John Rivera's Avatar
John Rivera John Rivera is offline
Moderator
  
Join Date: May 2008
Posts: 294
John Rivera is an unknown quantity at this point
The Chicago PMI reading touching 50.0 which is the boom/bust level helped erases concerns that were generated by the decline in Chinese stocks. The data continues the trend of improving activity in the U.S. which we could see in tomorrow's ISM reading. If we see a similar improvement in the broader reading then the greenback could be back on the defensive. Additionally, if we see significant improvement in the employment component, expectations for the NFP report on Friday will rise. The employment report will be an interesting release with the holiday weekend to follow, a recipe of low volumes and significant event risk could lead to extreme volatility.
__________________
John Rivera is the author of Market Brief, Top FX Headlines, and Forex Trading Weekly Forecast on DailyFX.com.
Reply With Quote
 


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 06:25 AM.
Copyright ©2009 Daily FX. All Rights Reserved.