Adam Horak's Blog – October 2009 Archive (3)

The U.S. Department of Labor will publish the weekly Initial Jobless Claims report tomorrow (Oct 29).



The report is a measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report.

The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being… Continue

Tomorrow (Oct 21) The Bank of England's (BOE) Monetary Policy Committee (MPC) will publish its record of the committee's interest rate meeting held two weeks ago.

The meeting gives a picture of economic conditions in the UK, and records the votes of the individual members of the Committee.

If the BOE is hawkish about the inflationary outlook, it should be taken as positive/bullish for the GBP.



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Euro Dollar



The Euro broke the yesterday's resistance… Continue

US employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine economic recovery.







The Labor Department said the unemployment rate was the highest since June 1983 and payrolls had now dropped for 21 consecutive months.



As I discused on my daily radio show prior to todays release, I was looking for payrolls to come… Continue