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By: vanSetiawan
Will US Non-Farm Payrolls Spark a Major US Dollar Rally on Friday? May 02, edited from Daily FX On Friday, US non-farm payroll figures will be reported and are anticipated to point towards recessionary conditions in the US economy, despite the positive Q1 GDP reading. The previous NFP release in March came in at a sharp decline of 80,000 jobs, but given the recent increase in the ADP employment change of 10k (expectations were for a drop of 60k), there is speculation the figure could be a bit better than expected. However, the ADP report showed that only small firms of 1-49 employees and the services sector in general took on workers, as larger firms and those involved in the manufacturing and goods-producing sectors posted net job losses.
How Will Non-Farm Payrolls Impact The US Dollar? May 02, edited from Daily FX The US dollar has strengthened across the board today ahead of Friday's non-farm payrolls release. This may befuddle some traders as the greenback's price action conflicts with the higher jobless claims report and the deterioration in the employment component of manufacturing ISM. According to our non-farm payrolls preview, job growth should decline for the fourth consecutive month. The market is currently expecting non-farm payrolls to fall by 78k and for the US unemployment rate to rise to highest level in 3 years. There is even a possibility that job losses could hit -100k.
US Dollar Recovers As Markets Trim Bets For Future Rate Cuts May 02, edited from Daily Fx The US dollar strengthened against all of the major currencies as market participants spurred bets that yesterday's 25bp rate cut would be the last of its series, and heighted bullish sentiment for the greenback amid negative economic data. As a result, the US dollar soaked in the biggest gains against the low yielding Swiss franc, with the Yen following behind as the pair traded in the 104.4 range. The high yielding commodity currencies lost ground against the greenback as commodity prices dipped lower, with the Canadian dollar taking the biggest beating of the three as it rose to 1.019. Against the European currencies, the US dollar regained its footing as it consolidated yesterday's losses. As a result, the British Pound failed to hold up against the US dollar as it dropped to 1.974, while the euro continued to rack up losses at the pair dipped to 1.547.
About the author:
I am a 30 years old man. I have trade Forex for 4 years. I only use Fibonacci + %R indicator on my chart...looks simple but accurate!
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Sunday, February 14, 2010
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Philippines Light Rail Transit Public Transportation
The Manila Light Rail Transit System (Filipino: Sistema ng Magaan na Riles Panlulan ng Maynila),[citation needed] popularly known as the LRT, is a metropolitan rail system serving the Metro Manila area in the Philippines. Its twenty-nine stations over 28.8 kilometers (17.9 mi) of mostly elevated track form two lines. LRT Line 1, also called the Yellow Line, opened in 1984 and travels a north–south route. LRT Line 2, the Purple Line, was completed in 2004 and runs east–west.
The LRT is operated by the Light Rail Transit Authority (LRTA), a government-owned and controlled corporation under the authority of the Department of Transportation and Communications (DOTC). Along with the Manila Metro Rail Transit System (MRT, also called the Blue Line), and the Philippine National Railways (PNR), the LRT is part of Metro Manila's rail transportation infrastructure known as the Strong Republic Transit System (SRTS)
Stations
Santolan
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