Expect volatility in the markets following NFP announcement The attention of investors now shifts to focus on the Non Farm Payrolls (NFP) data, which will be released on Friday 2 September at 12.30GMT by the US Bureau of Labor Statistics.  The NFP is considered the most important and influential economic report for the currency markets [...]

EUR/USD The Euro was blocked in the 1.4520 area against the dollar in Europe on Tuesday and subjected to heavy selling pressure with a test of support below 1.44 as risk appetite deteriorated. European equities surrendered initial gains which damaged confidence and there was a weaker than expected Italian bond auction result which increased fears [...]

EU Morning Report FOMC minutes weigh on the dollar The US dollar edged higher against a basket of currencies but fell against the safe haven Swiss franc and Japanese yen. Later in the US session, the dollar pared some of its gains after the FOMC policy meeting minutes were released. The minutes expressed the Fed’s [...]

U.S. Dollar Trading (US) stocks finished higher although after hours price action has been weak going into Asia. The main reason for the strong close for US stocks was the FED minutes which showed QE3 or some other easing was on the table even as 3 members voted against using the extended period of low [...]

EUR/USD After advancing strongly late in the US session on Friday, the Euro maintained a firm tone in European trading on Monday and challenged resistance levels near 1.4550 before drifting weaker. There was a general improvement in risk appetite with further speculation following Bernanke’s comments that the Federal Reserve would provide some form of additional [...]