The labor market conditions in the EU and the euro area have continued worsening since the end of 2012 on the back of weak economic activity and ongoing labor market adjustments in several euro-area Member States. Joblessness has steadily increased in the last two years, with the unemployment rate in February registering new all-time highs in both the euro area (12.0%) and the EU (10.9%). At the same time, the divergence in the labor market performance across Member States has reached an unprecedented magnitude. The EU labor market is...
Happy New Year to all traders and investors! It is this time of the year where everyone likes to predict what will happen to the markets in 2013. Over the next two weeks we will publish our predictions here at PaxForex. We will start today with one outside the forex trading markets and picked the S&P 500 as it is the most followed indicator worldwide and most portfolio managers peg their performance against this index in order to measure success or failure. This is not the sophisticated measure when it comes to viewing your portfolio,...
Greenback Wanes as Risk Sentiments Improves For Thursday, expect the Greenback to weaken as risk appetite advances after the Bank of Japan signifies its intention to join other major central banks in embarking on easing measures and that housing data in the US improved. The Bank of Japan announced yesterday an increase in its Asset Purchase Program from 70 trillion yen to 80 trillion yen, the 10 trillion yen increase will be divided evenly between purchases of treasury bills and JGB’s and the program has been extended an additional six months...
What should you expect from the fourth-quarter earnings season? Traders as well as investors should expect a very weak earnings season with extremely cautious outlook for the first-quarter of 2013. Consumer spending has been tepid which should leave over 75% of earnings with severe difficulties. The global economy has barely moved in any direction which further pressures earnings. Having said the above, the most likely outcome is that the majority of companies will beat their expectations once again as they always have which makes it that...
Greenback Rises as Risk Sentiments Stabilizes For Wednesday, expect the Greenback to strengthen as risk appetite wanes as trepidation in the markets return. In addition, US equities ended its trading with mixed signals with the Dow Jones Industrial Average notched higher by about +0.09%, while the S&P 500 closed lower on the session by about -0.13% and US treasury yields were lower with its 10-year yield plummeting about 4bps to fall back below the pivotal 200-day SMA. In its economic data, the US showed positive signals as its current...
