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Current Session: Europe
EUR/USD
US Trading Preview - The greenback is slightly firmer against the euro and sterling by Forexnews.com
EURUSD will face interim resistance at 1.2970, followed by 1.30 and 1.3030. Additional ceilings will emerge at 1.3050, backed by 1.3080. Support starts at 1.2930, backed by 1.29, 1.2870 and 1.2850. Subsequent floors are eyed at 1.28.
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What's next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
Daily Market Commentary - The non-farm payrolls report did not disappoint in terms of generating high volatility by Global Forex Trading Ltd.
Daily Trade Analysis - GBPUSD completing its retrace by AMZ Capital
Daily Forex Outlook - U.S. Dollar Trading traded in a heavy data-day with weaker-than-expected Non-Farm payrolls by Easy Forex
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
Euro Zone PMI
| Period | Previous | Consensus | Time |
| January | 57.2p | 56.5p | Feb 5, 09:00 GMT |
Friday Notes - January Euro Zone Services PMI by HVB Group
Notwithstanding the one point decline in the corresponding manufacturing index, we think that the January Services PMI will hold at 57.0. Indeed, the January services confidence as calculated by the European Commission increased to 20 from 19. Given that the Services PMI does not consider the retail sector, whose confidence might have been affected by the German VAT hike, a resilient number appears likely.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com:
"European PMI should continue to show that the services sector remains the best sector in the united economy. It will be itneresting to see the actual data coming out as expectations are pretty high in current signs of economic downturn. If the number comes out below expectations, it could trigger some losses for the Euro, I do not foresee a positive surprise in any case." - FXstreet.com
Top Market Movers Review
Australia Retail Sales
| Period | Previous | Consensus | Actual |
| December | 0.2% | 0.5% | 0.3% |
Australia Dec retail sales rise 0.3 pct vs Nov by AFX News
Retail sales in December rose a seasonally adjusted 0.3 pct from November to 18.445 bln aud, the Australian Bureau of Statistics said. The increase was below the market consensus forecast for a 0.5 pct rise and followed a 0.2 pct gain in retail sales in November from October. Compared to a year earlier, retail sales were 6.3 pct higher in December.
[ Full Story ]- Retail Trade, Australia - Australian Bureau of Statistics
- Australian Dec Retail Sales (Dow Jones)
- Australia's ANZ Jan job ads down 0.1 pct from Dec, up 21.8 pct year-on-year (AFX News)
- Australia Jan Performance Of Services Index Unchanged Vs Dec (AFX News)