TOKYO, Nov 12 (Reuters) - The dollar was on slippery ground on Thursday after the Australian dollar jumped to a 15-month high on strong jobs data that boosted expectations of an interest rate hike next month.

The Aussie was also buoyed by firm commodity prices like gold, which hit a record high for the second straight day. [GOL/]

The dollar was under pressure on expectations that Asia-Pacific finance ministers gathered in Singapore ahead of a summit of their national leaders this weekend were set to call for flexible exchange rates.

The latest draft communique to be issued following their meeting on Thursday calls for "market-oriented" exchange rates and interest rates. [ID:nSP423373]

"The dollar is likely to keep facing selling pressure during the APEC finance ministers meeting," said a trader for a Japanese trust bank.

The 21-member Pacific Rim group includes China, which is under pressure, particularly from the United States, to allow its currency to rise.

Dealers said they were watching further developments after China said it would consider using a basket of currencies, not just the dollar, in guiding the exchange rate of the Chinese yuan CNY=, its clearest signal yet that it was close to letting the yuan appreciate after an 18-month hiatus. [ID:nSP466424]

The dollar index .DXY, a gauge of the greenback's performance against six major currencies, was at 75.032, down 0.2 percent on the day. The index on Wednesday hit a fresh 15-month low of 74.774.

AUSSIE JUMPS ON RATE OUTLOOK

The euro and yen crosses trimmed earlier gains made in tandem with the Aussie's rise after regional stock markets turned negative. But they held firm as traders waited to see if European and U.S. players push the dollar down further when they join the market later in the day.

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The dollar came under renewed pressure this week as a series of policy decisions from the world’s leading central banks boosted investor confidence over the prospects for the global economy.

Risk appetite was lifted after the Federal Reserve’s meeting on Wednesday as the central bank maintained its commitment to keep US interest rates at ultra-low levels for an “extended period”.

EUR/USD started around 1.4880 and gently ticked higher eventually reaching session high 1.4905, where ACB selling emerged capping the rally. Comments from ECB’s Nowotny, suggesting any ECB tightening is some ways away, helped pressure the pairing and we’ve drifted back to where we started, presently at 1.4875.

Talk of sell orders at 1.4900 up through 1.4950. Also talk of specific ACB standing sell orders up at 1.4920/30, good till nfps. Also talk of decent stops starting just North of 1.4915, so somewhat of a mixed bag up ahead.

Cable finishing morning marginally easier, presently at 1.6590 from an early 1.6615. The pairing rallied early but intially ran into good sell interest at 1.6620, rumoured to have been the BIS. However these rumours were later quoshed, the selling apparently having been down to a French name.

After a brief dip though, cable rallied again, reaching session high 1.6635, where decent selling from a UK clearer capped the rally. There was talk of stops gathered around 1.6640, but these remained safe.

I think it's fair to say that most forex traders have at least one or two issues with their chosen forex broker. In fact most people will probably have a love-hate relationship with their broker. However it's still a good idea to stay in their good books because otherwise you risk losing your trading account completely.

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NEW YORK (Dow Jones)--The euro declined against the dollar Friday as U.S. stocks fluctuated in and out of positive territory in the wake of a disappointing U.S. monthly unemployment report.

During the New York afternoon, the single currency settled modestly below day-earlier levels versus the dollar, calming after a choppy morning. Rapid intraday shifts and reversals are common after a major data release as investors adjust positions in light of the figures.

Most investors agree that it is out there. What is less clear is how big it is, or how worried investors should be about it.

The “it” in question is the dollar carry trade. This is an investment strategy that has recently been extremely profitable and as a result has become increasingly popular.

(RTTNews) - The euro saw some weakness versus other majors as traders turned to safer currency investments after data showed the U.S. unemployment rate surged to a new 26-year high above 10 percent.

The euro moved slightly lower amid choppy trading against the dollar, trading near 1.4840. The European currency hit a 10-day high above $1.49 yesterday and moved toward a 14-month high.

The U.S. Labor Department report showed that non-farm payroll employment fell by 190,000 jobs in October following a revised decrease of 219,000 jobs in September. Economists had expected a decrease of about 175,000 jobs compared to the loss of 263,000 jobs originally reported for the previous month.

With the continued drop in jobs, the unemployment rate jumped to 10.2 percent in October from an unrevised 9.8 percent in September. The unemployment rate had been expected to show a more modest increase to 9.9 percent.

The euro slipped near 0.8930 against the euro, slipping to a lower end of a recent trading range. The pair has been range-bound for 1 1/2 weeks.

UK input prices for materials and fuels purchased by manufacturers unexpectedly edged up 0.1% from the previous year, reversing a revised 6.2% fall in September, the Office for National Statistics reported on Friday. Input price inflation turned positive for the first time since February. The decline for September was revised from a 6.5% fall.

The euro fell to a two-day low against the yen near 133.20. The drop took the European currency below a short-term range.

In the Eurozone, German factory orders rose for a seventh month in September due to an increase in foreign orders, data released by the Federal Ministry of Economics and Technology showed Friday.

German industrial orders rose 0.9% month-on-month in September, the Federal Ministry of Economics and Technology said Friday. Economists had expected 1% rise.

NEW YORK, Nov 6 (Reuters) - The yen rise on Friday after a report showed the U.S. unemployment rate spiked to 10.2 percent, fueling worries about the health of the economy and boosting safe-haven demand for the Japanese currency.

The government reported U.S. employers cut a deeper-than-expected 190,000 jobs in October, driving the unemployment rate to a 26-1/2-year high. For details, see [ID:nN04495174].

The news dashed hopes the recession was ending after recent gross domestic product and jobless claims readings pointed to an economic recovery. With the labor market still weak, U.S. consumer sentiment and spending will likely remain under pressure, analysts said.

"The yen has obviously benefited ... from risk aversion," said Samarjit Shankar, managing director of global FX strategy at BNY Mellon in Boston.

"The big psychological impact was from the 10.2 percent unemployment rate. It's going to cast further doubt on whether the incipient U.S. economic recovery can be sustained without further government support," he added.

The dollar fell as low as 89.62 yen, according to Reuters data, and last traded 1 percent lower at 89.85 yen JPY=. The euro declined 1.2 percent to 133.45 yen EURJPY=R, after hitting a session low of 133.22 yen.

Analysts said the dollar also came under pressure against the yen as two-year U.S. Treasury yields eased after the jobs data. The two-year notes are most sensitive to potential changes in the Federal Reserve's monetary policy.

Normally, we associate trading with purchasing a product, bringing it home or to our office premises, and then advertising it. Likewise, we buy stocks and shares in the stocks and shares market, keep them until their price increases and then sell them off.

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The dollar held steady on Tuesday before the start of the U.S. Federal Reserve's policy-setting meeting, while the Australian dollar fell after its central bank raised rates but took a cautious stance going forward.

Falls in European share prices also supported the dollar, which has a tendency to gain when investors shed risk assets. Movements in the foreign exchange market were further dulled because Tokyo markets were closed for a national holiday.

The dollar fell as stocks gained the previous day after data showed a pick-up in manufacturing activity round the globe, but later lost some ground on concerns about the banking system.

Sterling tumbled against the dollar on Tuesday when details were published of a shake-up of some government-acquired banks.

Shares in Royal Bank of Scotland (RBS.L) fell some 5 percent in early trade after it agreed to sell off some businesses. [ID:nL3540088]

In contrast, Lloyds Banking Group (LLOY.L) stocks rose some 2 percent after it said it would launch a record 13.5 billion pound ($22 billion) rights issue.

The dollar stands at a critical juncture as investors await policy decisions from three of the world’s main central banks this week.

The Federal Reserve delivers its verdict on monetary policy on Wednesday, while the European Central Bank and the Bank of England give their verdicts on Thursday. EDITOR’S CHOICE Blog: Money Supply - Nov-02 Aussie and Kiwi dollars up on growth outlook - Nov-02 Renminbi at heart of trade imbalances - Nov-02 Market Insight: China heads for a Japan-style bubble - Nov-02 IMF refuses to rule out use of capital controls - Nov-02

The decisions come as the rallies in risky assets such as stocks, commodities and higher-yielding currencies look vulnerable. This has stoked haven demand for the dollar, pulling it back from multi-month lows.

Since hitting a 14-month low of $1.5061 against the euro at the start of last week, the dollar has rallied 2 per cent as global stocks have retreated.

Analysts say investors are feeling increasingly uneasy over the sustainability of the global economic recovery as ultra-loose monetary policy accommodation is gradually removed.

“The world is a bit like an alcoholic that’s become too reliant on central bank liquidity,” says Steve Barrow at Standard Bank.

“We might still be many, many months away from the first rate hikes from the likes of the Fed, ECB and the Bank of England, but it seems that the market wants to panic now, rather than wait.”

Some central banks have already moved to withdraw monetary accommodation. Commodity-rich Australia and Norway raised interest rates last month, while India moved to tighten monetary policy by increasing the capital requirements of commercial banks.

But it is the actions of the main central banks, particularly the Fed, that will determine wider trends in the currency market.

Analysts say this week’s Fed meeting is likely to prove key in determining whether the current downward correction in risky assets and the dollar rally extend further.

The potential for more QE (choose between medium, GBP25 bln or large, 50 bln), the proposed break up of some of the big banks upsetting an already financial landscape, and the dire state of public finances are overshadowing signs that the weaker pound versus the EUR is helping revive UK manufacturing. The fact that we’ve seen the pound slump on fresh bad news suggests last week’s rally was indeed M&A flow-driven and that weakness could return in earnest in the weeks ahead.

The dollar recovered on Friday from its declines the previous day on the back of solid U.S. growth figures, while the Swiss franc fell sharply on market jitters of suspected intervention.

Traders said the market was nervous about intervention by or on behalf of the Swiss National Bank to keep the franc's strength in check because the euro had fallen to levels around 1.5080 francs where the SNB had already intervened this year.

The Swiss National Bank declined to comment.

The euro held above a 2-1/2-week low against the dollar after it rose on Thursday, when data showing the U.S. economy grew for the first time in more than a year had raised optimism about the global economic recovery and stoked risk appetite.

European shares failed to add significantly to its rally from the previous day, suggesting that some of the initial euphoria from the U.S. figures may have fizzled, while U.S. stock futures fell 0.4 percent.

Currencies seen as being higher-risk struggled to make headway as stocks posted limited gains, while the yen also erased some of the previous day's falls.

"The market is waiting to see if the rise in risk appetite is durable," said Jeremy Stretch, strategist at Rabobank in London.

"The recovery is continuing, but there are enough question marks to keep the market worried," he said, adding that a comatose job market and the wind down of the "cash for clunkers" scheme raised questions about whether U.S. growth will continue.

The yen reversed steep early gains and slid on Monday in choppy trade as market players bought the Australian dollar against the Japanese currency ahead of an expected rate hike in Australia this week.

The yen advanced broadly in early Asian trade, touching its highest levels in several weeks, after exceptionally low trade in forex margin deals on the South African rand against the yen, which triggered a knock-on fall in crossyen pairs.

The rand is one of the high-yielding currencies into which Japanese retail investors have been shifting funds.

Japanese margin forex traders had roughly tripled their net long positions in rand/yen over the past couple of weeks to 40,356 contracts as of Friday.

Bangladesh’s foreign exchange reserves rose to a record high of $9.54 billion at the end of October from $9.36 billion in September, the central bank said Sunday, following a steady rise since February. The increase was attributed mostly to strong inflows of remittances from more than 6.0 million Bangladeshis working overseas.

AUD/USD Mid-Day Outlook AUD/USD's break of 0.7966 minor support confirms that rise from 0.7826 has completed and flips intraday bias to the downside for 0.7826 support next. As noted before, break of 0.7826 will indicate that AUD/USD ...

Action Insight - Forex Analysis... - http://www.actionforex.com/

The EUR came under selling pressure against the greenback on Monday after the UK Daily Telegraph reported on its website that Germany’s top industrial group has warned that Germany’s credit crunch is deepening. The dollar also drew some support after Russia’s Finance Minister said the nation has full confidence in the U.S. currency. His remarks came ahead of the first summit of leaders of Russia, China, India and Brazil on Tuesday, at which the leaders are expected to discuss issues including foreign reserve diversification. Last week marked an extremely volatile trading session for the dollar, especially against the EUR and the Yen, enabling traders to make profits from going both long and short against the greenback. However, against the GBP and the CHF the USD dropped significantly. It seems that mixed results from the leading economic indicators that were published last week have contributed to the volatility of the dollar. The most positive publication for the USD was the U.S Retail Sales index, which showed that the total value of sales at the retail level has increased in May for the first time in 3 months. However, the U.S Trade Balance continued to show negative balance between imported and exported goods and services, and during April, it even failed to reach expectations showing a significantly lower figure of -29.2B. Another disturbing publication was the Federal Budget Balance report which showed that during May the U.S. government’s spending was 189.7B higher than its income. This information proofs once again that it indeed might be premature to assume that the worse oof the economic crisis is already behind. As for the week ahead, many interesting publications will provide the traders vast opportunities to increase their equities. First of all, today at 13:00 GMT, the TIC Long-Term Purchases report will be released, and is forecasted to deliver the best result in 7 months, what should strengthen the dollar. Also this week, the monthly Building Permits and the weekly Unemployment Claims will be announced, while forex traders are advised to follow these reports as they’re expected to have a large impact on the USD.

Forex trading is all about making big money. Some investors have found it quite easy to make a large amount of money as the forex market changes daily. Forex, is the foreign exchange market. Online and offline you will find references ...

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