Posted by: Forex Weekly Reports (ActionForex.com)
The forex market remained relatively calm this week. Whereas EUR-USD rose to over 1.28, the European single currency fell slightly against the Swedish krona, the Swiss franc and the yen, and also versus “commodity currencies” such as NOK, AUD, BRL and ZAR. The markets seem to be deviating somewhat from
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Posted by: Forex Weekly Reports (ActionForex.com)
The US ISM non-manufacturing report should be considered the premiere survey of US business conditions as it covers the US services industries, which represent some 70% of the US economy. Today’s report for August was very negative, at a barely expansive 51.5 vs. 53.2 expected and 54.3 in July. Particularly
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Posted by: Forex Weekly Reports (ActionForex.com)
The ISM non-manufacturing index indicated that the sector grew for the eighth consecutive month, although the pace of expansion slowed more than was expected, as shown by the index dropping to 51.5 in August from 54.3 in July (a reading above 50 indicates the sector is generally expanding). Market expectations
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Posted by: Forex Weekly Reports (ActionForex.com)
Payroll employment in August fell 54,000 in the month, which was about one-half of the 103,000 decline expected going into the report. Greater than expected strength in labour markets was also reflected in declines in earlier months being revised lower to 54,000 and 175,000 in July and June, respectively, from
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Posted by: Forex Weekly Reports (ActionForex.com)
Total nonfarm payrolls declined by 54k in August, dragged down by a 114k decline in census employment. Excluding census, nonfarm payrolls increased by 60k and private employment gained 67k. On top of this, net revisions to June and July amount to +123k, although only about half of this (+66k) was
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Posted by: Forex Weekly Reports (ActionForex.com)
The dollar gained sharply against the yen Friday after better-than-expected U.S. jobs figures soothed investor nerves that had been jangled by worries over the pace of the U.S. recovery. Currencies closely tied to the pace of global growth, such as the Australian and Canadian dollars, took advantage of the improved
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Posted by: Forex Weekly Reports (ActionForex.com)
The euro is pushing its luck with the dollar even ahead of the critical employment report due out later this morning. Having touched $1.2854 already this morning, the euro is teetering on a surge to perhaps $1.2925 if today’s jobs report softens the perceived need to hold dollars on safety
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Posted by: Forex Weekly Reports (ActionForex.com)
Currency markets are relatively quiet as traders are on the sidelines ahead of the key US employment report. The usual safe havens, the Swiss franc, Japanese yen and US dollar softened slightly as the rally in risk continued overnight. Asian stock markets extending gains and the Nikkei 225 advanced for
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Posted by: Forex Weekly Reports (ActionForex.com)
The Euro found support below 1.28 against the dollar during Thursday and attempted to push firmer, but there was further option-related selling close to the 1.2850 level which curbed gains. The slightly more optimistic ECB tone helped underpin the Euro and there was a general improvement in risk appetite which [...]

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Posted by: Forex Weekly Reports (ActionForex.com)
Here is the market’s apparent logic of late: we supposed to sell the USD because the economy in the US is looking so terrible and weak data means ever lower US yields and a Fed that will devalue the USD to save the economy. If the data in the US
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