News of the day. November 08, 2013

November 8, 2013

The most important news for today is US labour market statistics. Non-Farm Payrolls and October unemployment rate will be published.

As you may remember, September Non-Farm Payrolls were disappointingly low. In addition to the recent budget crisis this fact plants doubts in investors’ minds that the QE3 program won’t be cut this year.

Forecasts for today’s indicator are also unfavorable: new jobs should decrease to the level of 125 000. However unemployment claims were reducing this October from 374 000 to 340 000. These numbers bring hope that Non Farm-Payroll forecast may be understated.

Unemployment level should change a little, from 7.2% to 7.3%, though whole year this index was falling.

Regarding fundamental data we expect high volatility of the EUR/USD. If experts are right, the pair will rise up to the level of 1.3475, otherwise we will witness fall down 1.3330.

Dmitriy Zolotov

Analist of LiteForex Group of Companies

Publication source
LiteForex information  LiteForex reviews

December 7, 2016
Oil ma pull back to $40
The oil price fell for the first time in 4 days today as skepticism creeped in over some OPEC member’s commitment to keep to their end of the deal and cut production...
December 6, 2016
Shale sector tries to reap the gains of the OPEC deal
The prices extend gains after OPEC’s output cut deal brings short-term optimism. Forward market shows that the US oil producers are rushing to lock the profit, selling oil contracts for above $50 a barrel at the start of 2018...
December 5, 2016
Crisis Lite
The Italian referendum on constitutional reform saw voters reject the proposals in front of them, in a fairly decisive manner. As such, Italian PM Renzi will tender his resignation today and this became part of the issue...

OANDA Rating
Orbex Rating
FBS Rating
Tickmill Rating
FOREX.com Rating
XTB Rating

Beeoptions Rating
OptionsXO Rating
Banc De Binary Rating
Porter Finance Rating
OptionBit Rating
365BinaryOption Rating