14

Jan

US Retail Sales Falls, Q4 GDP Will be Very Weak

Posted by Kathy Lien  Published in 2009 us dollar forecast, forex blog, retail sales
For the 6th month in a row, US consumers have cut back spending. The December consumer spending data tells us that retailers had a very tough time this holiday shopping season. Consumers reduced their spending by 2.7 percent but if you take out year end deals in the auto sector, retail sales actually [...]
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9

Jan

December Non-Farm Payrolls Instant Insight

Posted by Kathy Lien  Published in 2009 us dollar forecast, Forex News, forex blog, non-farm payrolls, payrolls
I was one of the few analysts calling for a potential rebound in non-farm payrolls in the month of December (Non-Farm Payrolls Preview: Could We See a Rebound) and that was exactly what we saw this morning. 524k jobs were lost in the US economy, which is modestly better than the -586k [...]
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8

Jan

Why December Non-Farm Payrolls Could Rebound

Posted by Kathy Lien  Published in 2009 currency forecasts, 2009 us dollar forecast, Fed Rate Cut, Forex News, US Dollar, US Economy, dollar recession, forex blog, non-farm payrolls
The US dollar is selling off aggressively ahead of Friday’s non-farm payrolls report on the fear that for the second month in a row, job losses may have topped 500k. The recent moves in the currency and equity markets suggest that everyone expects a very weak labor market report. Although the consensus forecast [...]
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