www.bforex.com: Unemployment Figures Cause Friction

The Non Farm Employment Change statistics on Friday were below expectations, displaying that the U.S. economy might be moving towards an additional recession.

The unemployment quantities speedily made the Forex and Commodity markets erratic. Gold leaped quickly and completed the day near the highest regions of its range.

Equities internationally started to be instantly cautious, and when Wall Street opened up it gave quick downward pressure.

The EUR/USD will continue to offer a volatile range as investors attempt to determine the amount of risk appetite they are ready to pursue.

Data will likely be relatively mild today with only some minor Retail and Housing statistics coming from the U.K.

Later this week the States will submit Retail Sales results.

Traders ought to keep their eyes on public authorities in Europe and the States as they speak. Investors remain worried about the European debt situation and the perspective for global economies.

Channel: OddVid.com Video Length: 53s Date Found: Mon, Jul 11 2011 12:10 PM Category: Entertainment Date Produced: Mon, Jul 11 2011 9:09 AM View Count: 2