•  
  • New York 02:22
  • London 07:22
  • Barcelona 08:22
  • Tokyo 15:22
  • Sydney 16:22

Daily Currency Report

This report has been deactivated

The Dollar continued to trade lower following Fridays disappointing non−farm payroll figures

Mon, Jan 11 2010, 09:25 GMT
by John Clarke

ODL Securities  |  View company's profile


Vote:

5

0

The Dollar continued to trade lower following Fridays disappointing non-farm payroll figures. Whilst some analysts expected jobs being created in December, the official number highlighted 85,000 job losses. Strong numbers from Asia – Chinese govt announced an 18% rise in exports in December – helped the move lower.

Daily Currency


Market News 

  • The US Dollar Index slid on poor economic data, and lighter than usual volumes – the Japanese markets closed for Coming of Age Day.

  • The US Dollar is now trading at 4 week lows

  • St Louis Fed Reserve President stated that US interest rates would remain lower for “quite some time”


Major Economic News

TIMEMARKET DATA
NO MAJOR ANNOUNCEMENTS

*Note all time are GMT.


ODL Securities Limited | The Northern & Shell Building 10 Lower Thames Street London EC3R 6AD
http://www.odls.com/ | info@odlsecurities.com


Legal disclaimer and risk disclosure

Derivatives are volatile instruments and in certain circumstances it is possible to lose more than your initial investment. Derivatives are not always suitable for everyone and you should consult your financial adviser before dealing.
Vote:

5

0

Related reports

Daily Forex and Dow Jones Recommended Levels by FXtechtrade
Fri, Sep 3 2010, 06:19 GMT

Eur/Usd stayed within a narrow range yesterday by Charmer Charts.com
Fri, Sep 3 2010, 06:14 GMT

Support, Resistance and Range Forecast by AceTrader
Fri, Sep 3 2010, 06:09 GMT

Currency Majors Technical Analysis by Mataf.net
Fri, Sep 3 2010, 05:50 GMT

Markets Await Non-Farm Payrolls Report by ACM - Advanced Currency Markets
Fri, Sep 3 2010, 05:38 GMT

employment, indicator, eurusd, nfp

[ View All ]

Related content

Asian markets slightly higher ahead of NFP; Euro and Pound, flat
FXstreet.com | Fri, Sep 3 2010, 06:15 GMT

Forex: EUR/USD moves marginally in Asia ahead of NFP
FXstreet.com | Fri, Sep 3 2010, 04:46 GMT

Asian shares mostly higher, jobs data eyed
FXstreet.com | Fri, Sep 3 2010, 02:49 GMT

Japan: Capital Spending falls 1.7% in Q2 2010
FXstreet.com | Thu, Sep 2 2010, 23:59 GMT

Japan Capital Spending rises to -1.7% in 2Q from -11.5%
FXstreet.com | Thu, Sep 2 2010, 23:50 GMT

employment, indicator, eurusd, nfp

[ View All ]

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

* GFT is a sponsor of FXstreet.com for advertisement purposes only. GFT does not endorse any other products, services, or companies represented on FXstreet.com. The views of FXstreet.com and all other parties contained therein are not necessarily those of GFT, and GFT makes no warranty as to the accuracy of information provided.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.