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Markets Await Non-Farm Payrolls Report
09/03/10 by Daily Forex Snapshots
Filed under Forex & Futures
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The markets have been trading in a rather tight range this morning, unsurprisingly considering the all important US non-farm payrolls number is to be released later in the day. Asian equities are largely tilting towards the green this morning as a combination of better than expected data from the US last night has kept risk appetite inflated in the build up to the jobs report due out at 1230 GMT…. | ||||||||||||||||||||
U.S. Dollar Under Pressure Prior to Payrolls Report
09/03/10 by ForexYard
Filed under Forex & Futures
U.S. Dollar Under Pressure Prior to Payrolls Report
The euro and high-yielding currencies held firm on Friday after an improvement in U.S. housing and jobless claims data bolstered investor appetite for risk ahead of key U.S. jobs data today at 12:30 GMT.
Economic News
USD – Dollar Slips against the Euro and the Yen
The U.S currency was on the defensive Thursday, retaining most of the losses sustained the previous day when upbeat data helped lure investors away from safe-haven currencies and assets.
Figures released yesterday showed U.S. pending home sales rose unexpectedly in July and new claims for unemployment insurance fell for a second straight week, which, together with upbeat manufacturing data on Wednesday, eased the gloom over the U.S economy. That lifted stocks, commodities and higher-yielding currencies. However, investors hesitated to take fresh positions ahead of Friday's monthly U.S. jobs report, analyst said.
EUR – EUR Gains for a 2nd Week Before Retail Sales Report
The euro headed for a 2nd consecutive weekly gain versus the U.S dollar before a European report that economists said will show retail sales rose for a 3rd month, spurring demand for the region's assets. Retail sales in the euro area…
Australian Trade Surplus Shrinks
09/02/10 by Daily Forex Snapshots
Filed under Forex & Futures
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Asian equity markets have opened on a positive note this morning following the strong gains posted in the US session yesterday on the back of increased risk seeking resulting from better than expected economic data out of the US. The ISM manufacturing index bettered analysts estimates at 56.3 actual v 52.8 exp while the ADP employment reading showed a drop in new jobs added, showing a decrease to… | ||||||||||||||||||||
