Dollar Fluctuates As Fewer Jobs Added Than Forecast
Bloomberg reports that the dollar fluctuated against its major currency counterparts following the U.S. payrolls report that added fewer jobs than economists had forecast.
The euro hit a three-month low against the greenback as Belgian and Irish credit-default swaps reached a record while the cost of insuring Portugal and Italy's debt rose.
The dollar dropped 0.4% to 83.04 yen this morning from 83.33 yen yesterday. It advanced 0.3%, however, to $1.2968 per euro, from $1.3003. It saw its strongest level on September 14, 2010, when it was $1.2936 per euro.
According to JPMorgan Chase analysts, the dollar will fall about 12% to $1.48 per euro and drop 7% to 78 yen by the end of 2011 if the Fed keeps interest rates close to zero and the fiscal deficit remains near a record high.
Friday, January 7, 2011
Bob Chapman on Freedomlink Radio 1/6/2011
Bob Chapman joins the broadcast to discuss the state of the economy, the country and where we are headed in the short and long runs.
Stock Market Video - Markets Drop Sharply On Jobs Report And Dollar Up
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the charts telling their viewers where the market will rise and fall. They talk about major rules that must be learned. Enjoy and come get their premium daily, month, weekly and intra day expert guidance on the markets, gold, oil, us$ and stocks in their premium nightly videos, daily market reports, pro trader watch list, hidden gems and technical tactics.
Subscribe to:
Posts (Atom)
