Monthly archive January, 2013

Better-than-Expected NFPs Boost the Dollar Index by 10 Points

OPEN HIGH LOW LAST PRICE CHANGE(%) USDOLLAR Index 10151.73 10160.96 10133.86 10143.41 -0.10341 EURUSD Curncy 1.3567 1.3594 1.3541 1.3573 0.044225 GBPUSD Curncy 1.5801 1.5875 1.5775 1.5866 0.411366 USDJPY Curncy 91.08 91.42 90.75 91.39 0.34036 AUDUSD Curncy 1.0418 1.0451 1.038 1.044 0.211173 Prices were taken at 20:30 GMT. The US Non-farm Payrolls report will dominate market price action for tomorrow, and our research shows that price moves may be significant regardless of outcome. The consensus forecast for Read More →

EUR/USD- Trading the U.S. Non-Farm Payrolls Report

Trading the News: U.S. Non-Farm Payrolls What’s Expected: Time of release: 02/01/2013 13:30 GMT, 8:30 EST Primary Pair Impact: EURUSD Expected: 165K Previous: 155K DailyFX Forecast: 150K to 195K Why Is This Event Important: U.S. Non-Farm Payrolls are projected to increase another 165K in January and the ongoing Read More →

USD to Face Muted Correction, Short-Term Outlook Hinges on NFP

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10142.39 10160.96 10133.86 -0.11 66.76% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.11 percent lower on the day after tagging a low of 10,133, and the reserve currency may continue to consolidate over the next Read More →

Forex: Euro Lags Behind Ahead of U.S. NFPs- Further Weakness Ahead

Talking Points Euro: German Unemployment Beats Forecast, Retail Sales Slumps British Pound: BoE Speaks Out Against Growth Target for Monetary Policy U.S. Dollar: Personal Spending Slows, Incomes Jump- NFPs in Focus Euro: German Unemployment Beats Forecast, Retail Sales Slumps The Euro struggled to maintain the Read More →

Commodities: Crude Oil and Gold May Correct Lower Before NFP, ISM

Crude oil and gold prices may correct downward amid profit-taking following yesterday’s rally as investors brace for Friday’s much-anticipated NFP and ISM data. Talking Points Commodity Prices May Turn Lower Amid Corrective Profit-Taking Traders Looking Past Quiet Thursday Docket to Friday’s NFP, ISM Commodity Read More →

Forex Analysis: Sideways Trade Likely Before Friday’s NFP, ISM Data

Forex markets are likely to find themselves in consolidation mode as investors brace for Friday’s release of US Nonfarm Payrolls and ISM data. Talking Points Euro Unlikely to Find Fireworks in German Unemployment, Inflation Data S&P 500 Futures Hint Risk Trends to Consolidate Read More →