The greenback eased slightly and traded mixed against majority of its peers on Monday as investors are on caution ahead of Friday's release of U.S. jobs report.  
  
Reuters reported U.S. manufacturing continued to grow in July, though the pace slowed for the second straight month as spending rotates back to services from goods and shortages of raw materials persist.    The Institute for Supply Management (ISM) said on Monday its index of national factory activity fell to 59.5 last month, the lowest reading since January, from 60.6 in June.  
  
Versus the Japanese yen, dollar traded sideways inside a narrow range in New Zealand and Asia before rebounding to 109.74 in early European morning. The pair then met renewed selling there and fell to session lows at 109.19 in New York on broad-based buying in jpy.  
  
The single currency traded with a firm bias in New Zealand and Asia and gained to session highs at 1.1896 in European morning due partly to cross-buying in euro especially vs sterling. However, lack of follow-through buying triggered profit-taking and the pair retreated to 1.1866 in New York before stabilising.  
  
The British pound traded sideways inside a narrow range in New Zealand before gaining in tandem with euro to session highs at 1.3932 in European morning. The pair then met renewed selling there and fell to session lows of 1.3876 at New York open on cross-selling in sterling especially vs euro and jpy.  
  
Data to be released on Tuesday:  
  
Japan Tokyo core CPI, Australia building permits, RBA rate decision, Swiss consumer confidence, EU producer prices, U.S. redbook, durables ex-defense, durable goods, factory orders, durables ex-transport, Canada Markit manufacturing PMI and New Zealand GDT price index.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD extends losses after robust US retail sales

EUR/USD is trading closer to 1.1750, extending its losses after US Retail Sales came out at +0.7% against -0.8% in August. ECB President Christine Lagarde said the economy is still not out of the woods. 

EUR/USD News

GBP/USD slides under 1.38 on robust dollar demand

GBP/USD is trading under 1.38, significantly lower after US Retail Sales beat estimates by rising 0.8% in August. The UK government reshuffle passed smoothly for the pound.

GBP/USD News

XAU/USD nosedives to the lowest level since August 13

Gold continued losing ground through the early North American session and dived to the lowest level since August 13, further below the $1760 region post-US macro releases. 

Gold News

Dogecoin killer Shiba Inu ready for new bull run

Shiba Inu gets listed on Binance.US, SHIB price recovers from the loss posted over the past week. The Shiba-Inu-themed token is one of the top 10 most mentioned cryptos on Twitter alongside BTC, ETH, DOGE, ADA.

Read more

AMC trades lower as CEO clarifies cryptocurrency payments

NYSE:AMC fell by 0.97% on Wednesday and lagged other meme stocks during the session. CEO Adam Aron clarifies which cryptos AMC will accept. High profile Hollywood directors are demanding longer theatrical windows.

Read more

Majors

Cryptocurrencies

Signatures