Last week’s currency trading review The Dollar weak US data and fresh EU debt worries dominated the market last week and allowed the USD to gain against most currencies especially on Friday. The FOMC minutes surprised with some members unhappy with the easing language and this saw QE3 come into question. The case was helped [...]

EU Morning Report Risk appetite hit by poor US Payrolls figures The US dollar edged higher against a basket of currencies after the US Non Farm Payrolls data disappointed investors spurring heightened demand for the safe haven currency. The report revealed 0K job growth while the market was expecting an increase of 75K and the [...]

U.S. Dollar Trading (US) the Dollar gained well supported on risk aversion from stocks falling heavily after weak US jobs data. August Non Farm Payrolls came in at 0 vs. 75k forecast. The August Unemployment Rate stayed at 9.1%. Gold soared on expectations that QE3 will now be implemented on a faltering US economy. In [...]

EUR/USD The Euro was unable to regain the 1.44 level in European trading on Thursday and was again subjected to heavy selling pressure as it dipped to the lowest level since the middle of August. The latest PMI data was weaker than expected with the revised manufacturing index dipping to the lowest level since June [...]

EU Morning Report Focus turns to the Non Farm Payrolls report The US dollar edged higher against a basket of currencies yesterday but fell against the Swiss franc after better than expected economic data from the US. ISM Manufacturing surprised the markets after it showed an increase to 50.6 higher than the 48.5 expected. Today, [...]