Archive for the ‘USD’
USD/JPY attempting recovery from 82.50 low
FXstreet.com (Barcelona) – Dollar retreat from 8440 high on Thursday has extended to a fresh 3-week low at 82.50 on the back of disappointing US employment data, and the pair is trying to pick up on early US session, reaching 83.00 area so far. The pair is struggling at 83.00 at the moment, with next [...]
US GOLD – Comex gold wobbles sideways ahead of US jobs data
New York 02/12/2010 – Gold on the Comex division of the New York Mercantile Exchange approached $1,400 an ounce Thursday but then hit some technical headwinds and ultimately eased from morning highs as traders moved liquidity into riskier assets like equities. Gold futures for February delivery were recently trading up $2.60 at $1,390.90 an ounce. [...]
Dollar Falls This Week as Concerns for US Economy Return
The gains of the US dollar at the beginning of this week were outweighed by the losses in the second half as the poor employment data raised the concerns for the US economy and damped the demand for the US currency. At the start of the week the dollar was still supported by the demand for the safe haven, caused by the troubles in Europe and the Korean conflict. Later the greenback was weakened as the demand for the safety was diminished by the hopes that the meeting of the European Central Bank’s policy makers would provide some [...]
Dollar Falls on Poor Employment Reports
The US dollar dropped today after the report showed that the unemployment rate in the US was at the highest level in 26 years as the US employers added only about one-third as many jobs as was expected, driving the investors away from the dollar to other currencies. The US nonfarm payrolls grew by 39,000 work places in November. That’s significantly less than the growth by 172,000 in the October and the forecast reading of 143,000. The unemployment rate grew to 9.8 [...]
Euro Falls vs. Dollar on Lower German Production
The euro fell vs. the dollar after the report showed that the industrial output in Germany declined and on the speculation that the conditions on the US labor market improved. The German industrial production fell 0.6 percent in June, while the economists expected another month of the growth after the production expanded as much as [...]
GBP/USD jumps to session high after Payrolls reportc
The Pound has jumped about 70 pips higher against the Dollar, breaking above 1.5915/25 resistance area to session high levels, right below 6-month high at 1.5970, after the release of disappointing US Non Farm Payrolls data. The Pound has reached levels right below 1.5970 (Aug 3/4 high), and, in case of further rally, next resistance [...]
Japanese Currency Benefits from Increasing US Jobless Claims
The Japanese yen strengthened today the stocks dropped and the number of the jobless claims in the US rose more than expected, driving the investors to seek the safety of Japan’s currency. The analysts estimated previously that the jobless claims decreased last week. The actual figure shook the markets, as it demonstrated the increase by 19,000 to 479,000. The Standard & Poor’s 500 Index declined by 0.4 percent and the Stoxx Europe 600 Index went down 0.3 percent. The uninspiring [...]
USD/JPY collapses after jobs NFP report
The Yen jumped across the board after the release of the Non Farm Payrolls report, that showed a bigger than expected decline. USD/JPY plummeted more than 70 pips after the report and fell below 85.30, reaching a fresh 8-month low. The pair is approaching to 14-year lows that lie at 84.79. The Dollar bottomed so [...]
USD/JPY drops to fresh 8-month low below 85.30
Dollar retreat from 86.15 session high has extended almost 100 pips lower, to break below 85.30 to a fresh 8-month low at 85.10 so far, with the Dollar tumbling across the board after grim US Non-Farm payrolls report. If the pair confirms below 85.30 (Aug 4 low), next support level would be at 85.00 (figure) [...]
Near-Term Outlook for Decline of U.S. Dollar
The U.S. dollar was rising as the European crisis increased the demand for the safe currencies, but recently began to decline as the focus of the concerns turned to the U.S. themselves. While at the end of this week the greenback rebounded against some other major currencies, the future of the U.S. currency looks uncertain. The dollar will likely weaken in the near future unless some good news from the U.S. prove the strength of the currency. The lower number of the jobless claims may [...]