|
Friday,
07 September 2007,
17:34 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Fundamental Outlook at 1400 GMT (EDT + 0400)
The euro strengthened vis-a-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3775 level and was supported around the $1.3665 level. The common currency rocketed to its highest level since 9 August after the release of much weaker-than-expected U.S. August non-farm payrolls data that saw 4,000 jobs lost last month – a stark contrast to expectations for about 110,000 in new jobs creation. Additionally, the combined jobs growth for June and July were downwardly revised by 81,000.
• EUR
• JPY
• GBP
• CHF
• AUD, NZD
• CAD
Read more >
Tuesday,
04 September 2007,
15:26 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Fundamental Outlook at 1400 GMT (EDT + 0400)
The euro moved lower vis-a-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3550 level and was capped around the $1.3625 level. Technically, today’s intraday low was just below the 50% retracement of the move from $1.3260 to $1.3850. Traders are readying for this Friday’s August non-farm payrolls data in the U.S. with most forecasts focusing on job growth around 110,000 workers. A weaker-than-expected non-farm payrolls number will add to the view that the recent global credit slump and job losses in the U.
• EUR
• JPY
• GBP
• CHF
• AUD, NZD
• CAD
Read more >
Monday,
03 September 2007,
16:13 GMT
Research
>
Forex - Fundamental research
Fundamental Outlook at 1400 GMT (EDT + 0400)
The euro moved lower vis-a-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3610 level and was capped around the $1.3655 level. Technically, today’s intraday high was right around the 61.8% retracement of the move from $1.3840 to $1.3360. Liquidity was reduced on account of the U.S. Labour Day holiday. Traders are still talking about remarks from Federal Reserve Chairman Bernanke on Friday in which he indicated the Fed “is prepared to act” to counter disorderly market functioning and minimize the economic impact from the subprime mortgage meltdown.
• EUR
• JPY
• GBP
• CHF
• AUD, NZD
Read more >
Monday,
03 September 2007,
02:45 GMT
Research
>
Forex - Fundamental research
Weekly Calendar (GCI Financial)
SCHEDULE
Sunday, 2 September 2007
all times GMT
(last release in parentheses)
N/A Australia August performance of manufacturing index (57.4)
2350 Japan Q2 capital spending (13.6%)
Monday, 3 September 2007
all times GMT
N/A Australia Reserve Bank of Australia meets
0030 Australia August TD securities inflation (0.6% m/m)
0030 Australia August TD securities inflation (3.0% y/y)
0130 Japan July cash labour earnings (-0.
Read more >
Sunday,
02 September 2007,
22:35 GMT
Research
>
Forex - Technical research
Weekly market recap, week ahed, and schedule
The euro depreciated vis-a-vis the U.S. dollar last week as the single currency tested bids around the $1.3560 level and was capped around the $1.3720 level. The pair lost about 50 pips last week. FOMC policymakers reported a “policy response” may be necessary in their 7 August meeting minutes and were still concerned with inflation. Bernanke noted the Fed is “prepared to act as needed” but cautioned the Fed is not designed to bail out lenders and investors. President Bush unveiled a mortgage assistance plan for U.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
Read more >
|
1.5709 / 12
1.6425 / 29
