Good Afternoon
Only one news anncouncement coming out today. ISM Non-manufacturing came out way lower than expected. Which sent stocks falling today along with all dollar pairs.
Something to keep your eye on is gold. Gold has dropped back down to 885 from the 930 highs. If we get some inflationary news that'll be a great trade.
Sorry about the unconsistency on the blog, im really trying on this, As you can see im not a very good blogger yet haha...
JP
Showing posts with label ism. Show all posts
Showing posts with label ism. Show all posts
Tuesday, February 5, 2008
Friday, February 1, 2008
Daily Fundamentals 2/1/2008
Good Morning,
Hope everybody had a good morning so far. Unemployment rate fell to 4.9%, but hourly earnings fell 0.2%. The dollar rallied on both numbers. but is steadily falling against the euro. ISM manufacturing index came out today at 50.7% didn't have much effect on the dollar pairs, Which suprised me.
Hope Everybody has a good weekend
JP
Hope everybody had a good morning so far. Unemployment rate fell to 4.9%, but hourly earnings fell 0.2%. The dollar rallied on both numbers. but is steadily falling against the euro. ISM manufacturing index came out today at 50.7% didn't have much effect on the dollar pairs, Which suprised me.
Hope Everybody has a good weekend
JP
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