| EUR/USD | EUR/USD | GBP/USD | GBP/USD | |
| 1.4723(M) | 90.42(M) | 1.6060(M) | 1.0528(M) | |
| Resistance | 1.4668(M) | 90.18(M) | 1.6026(M) | 1.0490(M) |
| 1.4583(M) | 89.83(M) | 1.5951(M) | 1.0453(M) | |
| 1.4502(M) | 89.21(M) | 1.5825(M) | 1.0339(M) | |
| Support | 1.4465(M) | 88.23(S) | 1.5770(S) | 1.0277(M) |
| 1.4405(M) | 88.00(M) | 1.5515(M) | 1.0243(M) |
The greenback and the yen rose on concern rising unemployment and loan defaults will slow the U.S. economic recovery, sending stocks lower and boosting demand for the currencies as a refuge. Europe’s single currency was poised for a second week of declines against the dollar on speculation Group of Seven finance officials meeting in Istanbul this weekend will discuss the euro’s gains. “The G-7 is coming up, there’s concern about the jobs data and the market is on tenterhooks,” said Neil, a currency strategist in London at Bank of New York Mellon Corp. “There’s been a degree of consolidation over the last two weeks as the market took a bit of risk off the table.” The EUR/USD is currently trading at $1.4545 as of 10:45am, London Time.
The Pound fell against the euro on Friday as investors booked profits after the pound's gains against the single European currency the previous session but trade was seen range-bound ahead of U.S. payrolls data. Sterling failed to gain traction after a UK housing market survey from mortgage lender Nationwide showed house prices were steady on the year in September the first time since March 2008 that prices have not fallen on a year on year basis. The pound extended falls against the dollar on talk monetary authorities would show some form of verbal support for the greenback at a G7 meeting this weekend. The GBP/USD is currently trading at $1.5880 as of 10:50am, London Time.
The U.S. jobless rate probably rose in September as employers kept cutting staff, signaling consumers will not lead the recovery, economist said before a report today. Unemployment likely climbed to 9.8 percent, the highest since 1983, from 9.7 percent in August, according to the median estimate of 81 economists surveyed by Bloomberg News. Payrolls probably fell by 175,000 workers, the smallest drop in 13 months, they survey also showed. Federal Reserve Chairman Ben S. Bernanke yesterday said the expansion may not be strong enough to “substantially” bring down unemployment, indicating the central bank will be slow to drain the trillions of dollars it’s pumped into the economy.
Today's Economic Events
| Time | Event | Currency/Country | Period | Previous | Forecast | Significance | Actual |
| 14:00 | Factory Goods Orders (M-o-M) | United States | Monthly | 1.3 | 2 | ||
| 14:00 | Factory Goods Orders Ex. Transporation M-o-M | United States | -0.7 | 3 | |||
| 12:30 | Avg Hourly Earnings (M-o-M) | United States | Monthly | 0.3 | 3 | ||
| 12:30 | Change in Manufacturing Payrolls | United States | -63 | 4 | |||
| 12:30 | Non-Farm Payroll (M-o-M) | United States | Monthly | -216 | 2 | ||
| 12:30 | Unemployment Rate | United States | 9.7 | 2 | |||
| 12:30 | Avg Weekly Hours | United States | 33.1 | 33.1 | 3 | ||
| 9:00 | PPI (M-o-M) | Eurozone | Monthly | -0.8 | 2 | ||
| 9:00 | PPI (Y-o-Y) | Eurozone | Yearly | -8.5 | 3 | ||
| 8:30 | BoE Housing Equity Withdrawal | JPY/UK | -8.1 | 3 | |||
| 8:00 | PMI Construction | UK | 47.7 | 48.1 | 4 | 46.7 | |
| 0:30 | TD Securities Inflation (M-o-M) | Australia | Monthly | 0 | 3 | ||
| 0:30 | TD Securities Inflation (Y-o-Y) | Australia | Yearly | 1.7 | 4 |
