Markets brace themselves ahead of US Non Farm Payrolls! 

The Dollar Traded mixed as the market is reluctant to put any more directionally risky trades ahead of Non Farm Payrolls today. The market did trade with a positive tone however as US stocks extended Wednesday’s gains and dips where bought on risk appetite. This was on [...]

EUR/USD
The Euro found further support near 1.2650 against the dollar during Wednesday and strengthened to above the 1.2750 level ahead of the US economic data releases with reports of Far East central bank Euro buying providing some underlying support.
The US ADP employment report was weaker than expected with a reported decline in private-sector jobs of [...]

ISM Manufacturing beats expectation, USD strengthens! 

The Dollar Traded strong as Chinese manufacturing data sent stocks higher in Asia and Europe and this accelerated in the US session on better than expected August ISM data at 56.3 vs. 55.5 previously. We also released August ADP Employment at -10k vs. +19k forecast. In US stocks the DJIA [...]

CURRENCY TRADING SUMMARY – 2nd September (00:30 GMT)
Written by Anthony Darvall
U.S. Dollar Trading (USD) strong Chinese manufacturing data sent stocks higher in Asia and Europe and this accelerated in the US session on better than expected August ISM data at 56.3 vs. 55.5 previously. Also released August ADP Employment at -10k vs. +19k [...]

EUR/USD
The Euro found support below 1.2650 against the dollar during Tuesday and rallied to highs just below 1.2750 during the US session. The Euro was unable to sustain the advance and re-tested support levels near 1.2650 during Wednesday.
The Euro-zone data was broadly in line with expectations and did not have a major impact. There will [...]