Forex Daily Digest's Blog – July 2009 Archive (22)

The Forex markets are trading today but as is the case when the U.S. takes a holiday, the rest of the world finds it difficult to attract any noticeable activity.



European shares traded lower with U.S. stock exchanges closed for the July 4th holiday, and utilities and metals producers are also trading lower. Data released today showed the second straight month of expansion for the British services sector in June, while euro-zone retail sales fell 0.4% in May.



The dollar… Continue

As stocks in the U.S. began the new quarter with stable gains, market analysts are pointing to an indecisive economic climate in expressing their predictions for just how the market will do in the second half.



The Non-Farm Payrolls report showed a loss of 467,000 jobs in June, the unemployment rate rose and hourly earnings stagnated. These numbers are offering very few bits of data that the Obama administration’s stimulus package is helping the weak labor market. The payroll decline… Continue