EURUSD - Trends, Forecasts and Implications (Part 3) - page 894
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2011.05.06 14:30:20 *U.S. unemployment rate in Apr 9.0%, forecast 8.8%
2011.05.06 14:33:17 *Mersch: Greece must continue reform program
2011.05.06 14:34:28 *Mersch: Restructuring could destroy Greece's banking sector
2011.05.06 14:30:04 *ECB spokesman Mersch: The threat of secondary effects of inflation has increased - report
2011.05.06 14:33:17 *Mersch: Greece must continue reform program
2011.05.06 14:34:28 *Mersch: Restructuring could destroy Greece's banking sector
ha ....))) PARITY PARITY !!!!))
In addition, ECB officials, including Trichet himself, were aggressive throughout the day, trying to make up for the negative impression made by the press conference yesterday. This provided some support for the single currency, but did not allow the recovery attempts to reach the $1.4600 level.
Then Novotny's aggressive comments that markets misunderstood the ECB's mindset helped the euro return to $1.4586, but the recovery was short-lived and the pair rolled back to new lows at $1.4506, where it was supported by Asian sovereign investor demand.
Corporate demand and Trichet's comments subsequently saw the euro slowly strengthen into the $1.4540/50 area, but a new bout of weakness hit the currency before the New York open, sending it to test the $1.4500 level.
Bids are in at $1.4490 and there are a lot of stops at $1.4480.
$1.4670/80 intermediate offers
$1.4650 intermediate offers
$1.4615/20 intermediate offers
$1.4600 intermediate offers on approach/stops/option expiration
$1.4585/90 recovery highs area, intrad. high $1.4588
$1.4565 option expiration
$1.4550/55 intermediate offers/$1.4550 option expiry
$1.4520 ***current level
$1.4507 intraday low Europe, Asia $1.45339
$1.4500 Asian sovereign demand on approach/$1.4500 barrier?
$1.4490 intermediate demand/stops
$1.4450 intermediate demand on approach/stops
$1.4420 intermediate demand
$1.4400 minor demand
$1.4385/80 intermediate demand
Bids are marked at $1.4490; many stops are placed at $1.4480.
Grabbed by the strong claws of the foot and carried into the mountains.
Like the proud bird bernankevestnik, a dead fish trishfal )) Or is it a mullet?
WASHINGTON, May 6. /Dow Jones/. The number of jobs in the US economy increased more than expected in April, but the unemployment rate rose for the first time in five months and the recent economic slowdown is likely to restrain further job growth .
>From data released on Friday by the US Department of Labor, the number of non-farm jobs rose by 244,000 in April, with the increase in private sector jobs the strongest in five years. The figure for March was revised up slightly. According to the revised data, the number of non-farm jobs rose by 221,000 in March, compared with an earlier reported increase of 216,000.
>The unemployment rate, which is calculated from a separate household survey, rose to 9.0% in April from 8.8% in March. This is the first increase in the unemployment rate since November when it reached 9.8%.
>This mixed data was not what analysts had expected. Economists polled by Dow Jones Newswires had forecast that the number of non-farm jobs in April would rise by just 185,000 and that unemployment would remain unchanged, at 8.8%.
>Although the economy started growing almost two years ago, the rate of growth has been too slow to make up for the losses suffered during the deep recession of 2008 and the first half of 2009. The economy has added about 1.5 million jobs in the past year, but jobs are still 7 million fewer than before the recession. The slowdown in the economy in Q1 is expected to deter companies from increasing hiring in the coming months.
>According to data presented Friday, the private sector, which employs about 70% of the workforce, increased by 268,000 jobs in April. This is the highest figure since February 2006. The figure was up 231,000 in March.
>In the private sector, the number of jobs has been growing for about a year, but the rate of growth is not enough to bring unemployment close to pre-recession levels.