Friday, November 6, 2009

Unemployment in the U.S.

In anticipation of publishing a report on the labor market in the U.S. market will maintain the positive momentum, but it is likely to be disappointed, as the high probability that the unemployment rate will rise to 10%

Strong rally in stock markets yesterday, offsetting the price movements of all S & P500 index on Wednesday. On the eve of publication of a report on the labor market in the U.S. market will maintain the positive momentum, but it is likely to be disappointed, as the high probability that the unemployment rate will rise to 10%, while the employment rate to decline even further. Also note that the proportion of economically active population and the number of working hours per week.
Our strategy: Leave the long positions, pending the results. For shopping, use the drop, which will begin after the release of the report.
Reserve Bank of Australia was very optimistic in his assessment of the Australian economy and Australian dollar may return to previous highs against the U.S. dollar next week.


Saxo Bank

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