ISM Services Rebound, What Does it Signal for Payrolls?
February 4, 2009 by admin · Leave a Comment
The US service sector has contracted for the fourth consecutive month but the pace of contraction is slowing. Although this appears to be a global trend, we expect the improvement to represent only a temporary stabilization in the service sector. Read more….
Rebound in ISM Fails to Help US Dollar
February 2, 2009 by admin · Leave a Comment
According to the ISM report, activity in the manufacturing sector has contracted for the 13th consecutive month but the contraction is slowing. After hitting a 26 year low in the month of December, the manufacturing sector ISM index rebounded in January from 32.9 to 35.6. Read more….
Canadian Dollar Holds Up Despite Dismal US Economic Data (Daily FX)
January 31, 2009 by admin · Leave a Comment
The Canadian dollar was one of the few currencies to finish marginally higher against the US Dollar through past week’s trade. Read more….
Canadian Dollar Holds Up Despite Dismal US Economic Data (Daily FX via Yahoo! Finance)
January 31, 2009 by admin · Leave a Comment
The Canadian dollar was one of the few currencies to finish marginally higher against the US Dollar through past week?s trade. A steady stream of bearish US and Canadian economic data would have normally been enough to sink the CAD, but the Loonie held firm even in the face of Crude Oil price declines. Read [...]
Chinese Premier defends yuan policy strongly (The Malaysian Insider)
January 31, 2009 by admin · Leave a Comment
BEIJING, Jan 31 — Chinese Premier Wen Jiabao made a stout defence of his country’s currency policy, even as United States President Barack Obama’s administration sought to tone down its criticism over the yuan. Speaking in Berlin after meeting German Chancellor Angela Merkel late on Thursday, he said the yuan is “orientated towards market needs” [...]
