Positive NFP Report Gives Dollar Temporary Boost
The US dollar saw gains against several of its main currency rivals on Friday, following a better than expected US Non-Farm Payrolls (NFP) report which signaled growth in the US labor sector.
Category: Daily Forex Reports
USD/JPY Forecast December 10, 2012, Technical Analysis
The USD/JPY pair went back and forth during the session on Friday as the US jobs numbers came out better than expected. This is typical reaction out of this currency pair, as it tends to bounce around...
USD/CAD Forecast December 10, 2012, Technical Analysis
The USD/CAD pair fell through the 0.99 support level on Friday, in order to show that there is serious downward pressure on this pair at the moment. However, we did not close below the 0.9875 level that...
GBP/USD Forecast December 10, 2012, Technical Analysis
GBP/USD fell during the Friday session, but found plenty of support at the 1.60 level in order to form a hammer. This hammer suggests to us that the 1.60 level will firm up this pair, and as...
EUR/USD Forecast December 10, 2012, Technical Analysis
The EUR/USD pair fell during the balance of the Friday session as the US jobs number came out much stronger than anticipated. However, once the Europeans went home for the weekend, the Americans pushed this pair back...
AUD/USD Forecast December 10, 2012, Technical Analysis
The AUD/USD pair rose during the majority of the session on Friday, but failed to gain any significant move let alone hold onto significant gains in order to impress upon the market the validity of a breakout.
Daily FX Perspective December 10, 2012 – GFM Research
Market Commentary The Dollar is trading flat at 80.50 after appreciating for continuous three sessions. Historic inverse correlation between our benchmark equity index of the Dow Industrials (.DJIA) and DX was not observed on Friday wherein DJIA...
USD/JPY: Japanese Deflation Leads the USDJPY to Move Northward
Japan’s Final Gross Domestic Product dropped to -0.9 percent in Q3, which left the estimate unchanged from Q2. Economists had on average expected the GDP contraction to be revised to a slightly better 0.8 percent decline.
The Week In Forex
Reports on the US labor statistics continue to portray the economy in a recovery mode. Since expectations for job growth were a smallish 85K, the 146K was a friendly number. The unemployment number – 7.7% – likewise sounded great,...
USD/JPY Forecast December 7, 2012, Technical Analysis
The USD/JPY pair did very little during the session on Thursday, as the markets were fairly quiet overall. We are at the top of a recent consolidation area, and as such it looks like we are trying...