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Forex: Euro Weakens Versus Major Rivals After US Jobs Report
(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...
EUR/USD clawing back lost ground
The threat of some significant buying interest at 1.3925 has dulled the bear’s appetite for risk and shorts have continued to book profits on the EUR/USD, with the pair back again towards 1.40. Dealers report a mixed bag of selling interest and trailing stops above the figure. The previous...
Fundamental Outlook at 1400 GMT (EDT + 0400)
By GCI Financial - The euro moved sharply higher vis-à-vis the U.S. dollar today as the single currency tested bids...
EURJPY buying
Seeing some decent EURJPY buying by various Japanese accounts over the last half hour pushing it back up thru 137.00 and towards yesterday’s highs. Look for 137.30-40 to initially ofer some resistance especially if USDJPY finds it tough to crack 97.60 and EURUSD offers lurking above...
Weekly Forex Market Forecast (October 10th – October 15th 2011)
By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of October 10th -15th, with release times displayed for the GMT time zone. The list also includes the...