EUR/USD Reaches 1.2900 Following Better Than Expected Non-Farm Payrolls Results
The US Non-Farm Payrolls wasted no time bringing the greenback down on Friday. The EUR/USD pair, which seemed very steady around the 1.2800 level before the report, promptly jumped due to the better-than-expected figures, and is currently trading around the 1.2900 level. Can the pair cross the 1.30 level this week?
| Full article | | | Forex News Archive |
Payrolls Figure May Dampen Investor Confidence
According to the latest predictions, employment in the United States most likely fell for a third consecutive month in August, as concerns about the pace of the global economic recovery persist throughout the US. Whether the predictions are accurate will only be known at 12:30 GMT today with the release of the latest US Non-Farm Payrolls figure. Most analysts assume that the payrolls figure fell by roughly 100K last month, which if true, would be a slightly better figure than July's. That being said, any negative number will likely be bad for investor confidence and could have a drastic effect on the currency market.
| Full article | | | Forex News Archive |
Markets Calm Ahead of Non-Farm Payrolls Tomorrow
Despite a number of significant news events released today, markets remained relatively calm as investors eagerly await tomorrow's US Non-Farm Payrolls figure. Both the European Minimum Bid Rate and weekly US Unemployment Claims figure came in as predicted, leading to relatively small market shifts.
| Full article | | | Forex News Archive |
| USD Daily News | EUR Daily News | |
| Non-Farm Payrolls Report Further Weakens the Dollar | Euro Rises Despite Disappointing Data | |
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Forex Blog by FOREXYARD
Dollar Tumbles Following Non-Farm Payrolls Release
The most significant trend in last week’s trading was the bearish U.S. dollar. The dollar fell last week following several positive economic releases form the U.S. economy. Reports have shown that confidence in the U.S. regarding current and future economic conditions has unexpectedly risen in August. In addition, the number of contracts to purchase U.S. previously owned houses unexpectedly rose in July by 5.2%, beating expectations for a 1.3% fall. The Non-Farm Payrolls report on Friday also provided better-than-expected figures. This has eased concerns that the economy is falling back into recession, and as a result turned investors to look for higher-yielding assets, such as the euro.
It currently seems that for as long as the U.S. economy will continue to provide positive signals, the dollar might weaken further, especially vs. the euro.
As for today, U.S. banks will be closed in observance of Labor Day, and no significant publications are expected from the leading economies. Traders are advised to follow global equity markets as positive trading is likely to put further bearish pressure on the dollar.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 09/06 | ||||||||
| 08:30 | EUR |  Sentix Investor Confidence | 8.5 | 8.7 | - |  | ||
| 23:01 | GBP | BRC Retail Sales Monitor | y/y | 0.5% | - | - |  | |
| 23:30 | AUD | AIG Construction Index | 43.3 | - | - | | ||
| 09/07 | ||||||||
| 00:00 | JPY | Monetary Policy Statement | * | * | * | | ||
| 00:00 | JPY | Overnight Call Rate | 0.10% | - | - | | ||
