Thu, Jul 2 2009, 12:14 GMT
by Easy Forex Team
The YEN and the US dollar gain ground before NFP news likely will reveal 26 year high in unemployment rates.
EUR/US dips to fresh lows on Moody’s downgrades its credit rating on Ireland.
The EUR/YEN rally appears to have met resistance at 135.38 possibly halting the uptrend since January.
The YEN down ahead of US payroll figures as demand for the riskier assets rise. Volatility hits a 9-month low.
GBP mixed as the Office of national Statistics suggest UK GDP down 2.4% for the first 3 months of the year.
Pre-Open stock futures indicate lower open with S&P and DOW futures lower.
OIL prices lower along with the rest of the energy complex.
Initial Claims expected at 615K, NFP- expected at -363K,
Unemployment rate at 9.3%
Factory orders expected at 0.8
ISM Non Manufacturing Index expected at 45.5
Published on Thu, Jul 2 2009, 12:20 GMT
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