Forex live data reports from the USA were held back for a short time. It seems with some positive news out of Washington that at least some reports are finally being announced. Consumer sentiment reports, which are drafted by the University of Michigan in the USA, were released. The report showed that consumer sentiment fell in October to a new low. It is a nine month low, in fact. The index was at 77.5 for September, but the rate is now at 75.2 for October. Additionally, unemployment claims increased again for the last week.
Forex Live News Updates offer Education Examples
Last Friday, September 2013s labour report was withheld in the USA due to the partial government shutdown. It meant the forex live market was at a standstill for how to take the USD. The shutdown made it look unsteady, but without a jobs report it was hard to say if there was even a little something positive to help the USD rally. Now the report is not out officially, but for the week unemployment claims are up. Added to this negative bit of news is the consumer sentiment report. Consumer confidence has a great deal to do with how the market will react.
When unemployment is rising it means investors are nervous. It certainly makes the overall consumer sentiment rates decline, which is what happened. With rising unemployment numbers and tanking confidence the currency becomes weaker. It does not matter that Thursday saw hope for a shutdown solution because the market will see a drop in forex live rates on troubling economic reports.
Forex Live Troubles Discerned for Market Reaction
The example of current consumer sentiment and labour numbers is just the beginning of what you need to understand. Economic reports that are not pretty will always affect a currency negatively. The rate of negativity seen is based on other factors. Since the USA is in partial shutdown not all reports are being released. This is causing definite issues for the USD. The shutdown combined with lowering consumer sentiment and increased unemployment claims is definitely going to decrease USD value.
The only factor working in the USDs favour regarding forex live rates is hope. There is hope that talks going on from Thursday through Friday will show an end to the shutdown.
However, if Friday does not end with the shutdown ending any hope will become a negative issue for the USD rates. The small increase in USD value on Thursday will become meaningless because it was based on hope instead of actual moves to stop the shutdown.
It means reports like consumer sentiment and labour with its negative information will help squeeze the dollar more. The fact is when negative reports are mixed in with a little hope any currency is not going to rally as much as it would without the negative reports. While you look at forex live details and consider the examples here remember that economic factors have a huge impact on rates and thus currency value. You have to determine what has more weight in the market and then pick a position to trade.
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