Monday October 10, 2005 - 05:34:59 GMT
Share This Story
Tricom Futures and Foreign Exchange -
Forex: US Jobs surprise, but maybe it's just the beginning
The dollar advanced on Friday after a report showed the U.S. economy lost fewer jobs than expected in September, although the currency trimmed gains in the wake of security concerns in New York.
As result of Friday's jobs numbers, the Fed is expected to continue raising U.S. interest rates, with some market participants anticipating the fed funds rate to peak above 4.5 percent.
So far today, the USD has been unable to add to its gains from Friday, post US employment data. Trading should remain subdued today given the Columbus Day holiday in the US, with most financial markets closed.
Today’s Economic Releases:
Today's Top Trades
. Buy EUR/USD around 1.2100
For more ideas send me an email, [email protected]
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."