www.bforex: AUD Falls Back Slightly

U.S. economic numbers carried on to to cause worry amongst investors yesterday as both the ISM Manufacturing survey and the ADP Non Farm Employment Change figures finished below anticipations.



The United states dollar and CHF both got stronger as the Euro declined to the lower part of its range.



Gold remained steady. Yet other Commodities slumped. As well as the AUD did weaken.



Today weekly Unemployment Claims stats will come from the States and tomorrow will be vital with the official Non Farm Employment Change statistics.



The U.K. will release its Services PMI numbers on Friday as well.



Fundamentally investors are more and more proving that sentiment is vulnerable.



If the U.S. employment statistics continue to underperform more ‘flight to quality trading’ can be expected within the currency markets and global equities.

Channel: OMGizzle videos Video Length: 59s Date Found: Thu, Jun 02 2011 10:38 AM Category: Entertainment Date Produced: Thu, Jun 02 2011 6:10 AM View Count: 0