Daily FX Commentary
This report has been deactivated

6

0
Daily FX Commentary
Fri, Dec 5 2008, 11:47 GMT
Investica Ltd
Markets braced for payroll slump
The Euro dipped to lows near 1.2550 against the dollar in Europe on Thursday before consolidating just above the 1.26 level ahead of the European interest rate decisions.
As far as the US data is concerned, there was some slight degree of relief in the latest initial jobless claims data with a decline to 509,000 in the latest week, although continuing claims was at a fresh 26-year high. Factory orders fell 5.1% in October, reinforcing pessimism over the industrial sector. There will be fears over a very sharp decline in employment in Friday’s monthly payroll report with the consensus for a decline of around 300,000. A steeper fall would reinforce fears over a deepening recession and increase pressure for a further fiscal stimulus package.
Fed Chairman Bernanke suggested that public funds could be used to help curb foreclosures. This announcement helped trigger dollar losses in US trading with the Euro testing levels above the 1.28 level before drifting weaker as Wall Street slipped.
The Euro was little changed on Friday in cautious markets ahead of the payroll report before weakening back to near 1.27
Published on
Fri, Dec 5 2008, 11:48 GMT
Archive
- Daily FX Commentary
Published On Mon, Apr 20 2009, 13:05 GMT
- Daily FX Commentary
Published On Tue, Apr 14 2009, 14:16 GMT
- Daily FX Commentary
Published On Wed, Apr 8 2009, 13:09 GMT
- Daily FX Commentary
Published On Fri, Apr 3 2009, 11:47 GMT
- Daily FX Commentary
Published On Mon, Mar 30 2009, 15:36 GMT
[ View All ]
Investica Ltd
http://www.investica.co.uk | tim.clayton@investica.co.uk
Legal disclaimer and risk disclosure
Investica's market analysis is not investment advice and must not be taken as recommending particular market positions. Investica can take no responsibility for any actions taken by investors.
Related reports
Today's Trading Signals by Financial Trend Analysis
Tue, Nov 24 2009, 08:37 GMT
Forex Analysis on Majors - Expecting Bullish Break in Euro by Forex Ltd
Tue, Nov 24 2009, 07:59 GMT
Daily FX Market Commentary - Dollar and yen decline, gold reaches record levels by Danske Bank A/S
Tue, Nov 24 2009, 07:52 GMT
Currency on the Day - EURUSD Technical Analysis by Investija.com
Tue, Nov 24 2009, 07:45 GMT
Forex Trading Strategies - Dollar bears take a breather as Asia focuses on bank capital levels by Saxo Bank
Tue, Nov 24 2009, 07:27 GMT
employment, eurusd, nfp, gbpusd, usdjpy
View All
Related content
DATA SNAP: German Ifo Nov Business Confidence Beats Forecasts
Dow Jones | Tue, Nov 24 2009, 09:13 GMT
German Nov IFO Business Climate rises to 93.3 from 91.3
FXstreet.com | Tue, Nov 24 2009, 09:00 GMT
Switzerland 3Q Employment Level up to 3.96M from 3.95M
FXstreet.com | Tue, Nov 24 2009, 08:18 GMT
Forex: GBP/USD: Fall to 1.6294/50 zone should feature short-term - Commerzbank
FXstreet.com | Tue, Nov 24 2009, 08:10 GMT
UPDATE: German Economic Recovery Broadened In 3Q
Dow Jones | Tue, Nov 24 2009, 08:00 GMT
employment, eurusd, nfp, gbpusd, usdjpy
View All
The Trader’s Edge » EUR/USD Update
Tue, Nov 24 2009, 08:45 GMT
FX Market Readings » Volatile move Vs false move
Tue, Nov 24 2009, 07:52 GMT
FX Market Readings » Early US session
Tue, Nov 24 2009, 00:42 GMT
ForexHedge » Airbus Euro’s or Boeing Dollars ?
Mon, Nov 23 2009, 15:45 GMT
Chartology » Two Looks at the Short Term 15min EUR/USD
Mon, Nov 23 2009, 15:41 GMT
employment, eurusd, nfp, gbpusd, usdjpy
View All
Gbpusd - Forex Forum - FXstreet.com
Tue, Apr 28 2009, 14:55 GMT
Technical analysis for EUR/USD, GBP/USD - Page 5 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Yellowlion's Daily EURUSD - Page 6 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Elliott charts with Grega H. - Page 2 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:05 GMT
Technical analysis for EUR/USD by AceTrader - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:03 GMT
employment, eurusd, nfp, gbpusd, usdjpy
View All
Outlook for the major currencies this week
Ian Copsey | Tue, Sep 30 2008, 08:00 GMT
FX Instructor Live Trading Room
Mark De La Paz | Tue, Sep 30 2008, 11:00 GMT 
FX Instructor Live Trading Room
Mark De La Paz | Wed, Oct 1 2008, 09:00 GMT
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 29th Edition
Wayne McDonell | Fri, Oct 3 2008, 11:30 GMT
Weekly Webinar: 1st on Forex - The Week Ahead
Jerry Furst | Mon, Oct 6 2008, 16:00 GMT
employment, eurusd, nfp, gbpusd, usdjpy
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.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.