by Henry Liu on December 7, 2009
Last week’s major news was the Nonfarm Payroll report on Friday which possibly changed the short to long term trend of USD as we saw traders bought USD on the back of NFP release:
NFP Nov. 2009 -11K versus -119K (estimate)
NFP Oct. 2009 -111K (revision) versus -190K release
Unemploy Rate 11/2009 10.0% versus 10.2% (estimate)
What was more interesting with this data was the 3-month average trend of NFP with past revisions actually netted a positive +97K of release!
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by Henry Liu on November 10, 2009
5:30am NY Time UK BOE Inflation Report
ACTION: N/A
Bank of England (BOE) will release its inflation report for the quarter, this report will contain BOE’s inflation target for the next two years, along with reasons of recent decisions in BOE’s monetary policy. This report, as defined by BOE itself:
“…It serves two purposes. First, its preparation provides a comprehensive and forward-looking framework for discussion among MPC members as an aid to our decision making. Second, its publication allows us to share our thinking and explain the reasons for our decisions to those whom they affect.”
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