Robust U.S. jobs data spurred investors to buy the U.S. dollar and sell yen on Friday with the rosier economic report curtailing some expectations the
U.S. Federal Reserve will hold off raising inte until
2014.
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19:45 GMT (Global-View.com) February 3- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Friday in North America at .5146, -0.07% from its Thursday close (-4.35% vs. end-2010).
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The January employment reports initially helped EUR/USD initially retest the 1.32 handle, however the move higher was very brief and selling pressure prevented the pair from breaking above the January high. Further euro upside is being hampered this morni More...
• Ongoing negotiations over Greek bail out, with ECB standing pat ahead of next LTRO.
• MPC likely to continue QE with further £50bn, but difficult judgements lie ahead.
• RBA to cut rates this week; easing Chinese inflation pressures could h More...
The dollar hovered near three-month lows versus the yen on Friday, with the risk of a move towards record lows mounting before U.S. jobs data, keeping alive the threat of official intervention More...
11:30 GMT (Global-View.com) Feb 3 – Peeks of sun and clouds today as the eurusd is a touch firmer ahead of the US jobs report but still below 1.32, support coming out of its crosses. One reason may be defensive trading for the 3rd pre-weekend in a row t More...
Peeks of sun today as the eurusd is a touch firmer ahead of the US jobs report, support coming out of its crosses. One reason may be defensive trading for the 3rd pre-weekend in a row to guard against a Greek debt agreement although this one seems closer More...
Better European Services PMI data coupled with continued optimism that a Greek bailout deal would occur soon boosted risk appetite in the session. Price action was light ahead of the key US non-farm payroll data but the session saw a softer USD and an eas More...
10:30 GMT (Global-View.com) February 3- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Friday in North America at .5143, -0.13% from its Thursday close (-4.40% vs. end-2010).
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Key Items: US/CA- Employment, US- Service PMI Productivity.
January jobs growth data are forecasted to be tepid when they are released later Canadian employment data are due as well. Thursday saw Weekly Jobless Claims continue to improve. These data w More...
(CN) CHINA JAN NON-MANUFACTURING PMI: 52.9 V 56.0 PRIOR >- (CN) CHINA DEC INDUSTRIAL PROFITS YTD Y/Y: 25.4% V 24.4% PRIOR
- (CN) CHINA JAN HSBC SERVICES PMI: 52.5 V 52.5 PRIOR
- (HK) HONG KONG J More...
Stocks and the euro traded little changed on Thursday as data signaling improvement in the U.S. labor market and remarks by Federal Reserve Chairman Ben Bernanke that suggested some economic optimism were offset by concerns over Europe's festering debt cr More...
Key Items: EZ/GB- Service PMIs, EZ Retail Sales, US/CA- Employment, US- Service PMI Productivity.
Congressional Budget Committee testimony by Fed Chairman Bernanke broke no new ground on Thursday. The Fed bias remained dovish.
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19:50 GMT (Global-View.com) February 2- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Thursday in North America at .5150, +0.22% from its Wednesday close (-4.27% vs. end-2010).
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AUD/USD and NZD/USD outlook next 24 hours: Markets will keep much of their powder dry until tonight’s US payrolls report. AUD retains positive momentum but the 1.0750-1.0765 resistance area is formidable and should hold during the domestic session. NZD More...
As US traders were coming to their desks this morning, EU's Juncker commented that measures agreed to at the recent Jan 30th leaders' summit were largely insufficient and warned that the Greek negotiations were extremely difficult. The comments piled on t More...
The euro dipped against the dollar on Thursday, reversing gains after spiking on reports China was considering greater involvement in euro zone bailout funds, and looking set to stay subdued in the in the absence of a Greek
debt swap deal.
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Cloudy day for the EURUSD with traders forced to put on hard hats to avoid the headline pellets raining down on the market. More headline risk today with Bernanke scheduled to testify, which would typically be bearish for the dollar in the current dovish More...
The EUR/USD still had difficulty to break above the 1.32 handle and tested lower following the Spanish unemployment data. The pair probed below the 1.3130 area but did steady a bit after the Spanish and French bond auction results. Dealers did note that 2 More...
Key Items: US- Productivity, Weekly Jobless. Bernanke Testimony.
Today sees Congressional Budget Committee testimony by Fed Chairman Bernanke. We have heard a lot from the Fed recently, so it is unlikely he will have any surprises today. Nothing he is More...
10:50 GMT (Global-View.com) February 2- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Thursday in North America at .5143, +0.08% from its Wednesday close (-4.41% vs. end-2010).
More...
(AU) AUSTRALIA DEC TRADE BALANCE (A$): 1.70B V 1.20BE (1st increase in 4-months, 3-month high) >- (AU) AUSTRALIA DEC BUILDING APPROVALS M/M: -1.0% V 2.0%E; Y/Y: -24.5% V -22.1%E
- (NZ) NEW ZEALAND More...
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