Forex Factory

Gold is the anti-currency. It rises when the market senses that paper currencies are being debased. Today’s data severely crimps the odds of the Fed switching on the printing presses in the near-term and s promoting a repricing of assets linked to that notion. Bonds are falling and so are metals....

The U.S. lost 54,000 nonfarm jobs in August, the Labor Department said Friday. The decline was smaller than the 105,000 loss expected by Wall Street economists polled by MarketWatch. Excluding census workers and other government employees, nonfarm payrolls expanded by 67,000 in August higher than...

U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth. Nonfarm payrolls fell 54,000, the Labor Department said on Friday as temporary jobs ...

The USD looks to be underperforming all but the Japanese yen in the aftermath of a stronger than expected payrolls report. ...

Companies in the U.S. added more jobs than forecast in August, easing concern the economy was falling back into recession. Private payrolls that exclude government agencies climbed 67,000, after a revised 107,000 increase in July that was more than initially estimated, Labor Department figures i...

EUR/USD: 1.2840/50 offers; stops at 1.2860 and 1.2875/80 Bids at 1.27775/85; stop loss sellers 1.2765/70 and 1.2730 AUD/USD sellers at 0.9110 through 0.9130; 0.9150 barrier being protected Bids 0.9040/50; large stops below 0.9040.

Of course, event risk through the US Employment report increases through the all important number. However, once the details are known the market will look to use the key technical levels to dictate the market bias - bullish or bearish - AND define risk. For a look at key support and resistance...

ForexLive European Wrap: Market hunkers down awaiting US jobs report By Gerry Davies || September 3, 2010 at 11:28 GMT || 6 comments || Add comment Russian C.Bank will be ready to invest in Canadian dollars in several weeks time – Ulyukayev Bank of Korea bought $300-400 mln to curb won’s str...

AUDUSD: Maintains Above The 0.9078 Level. AUDUSD: The pair remains biased to the upside having held firmly above the 0.9078 level. This has created scope for more upside towards the 0.9219 level.

Asian authorities stepped up the fight to curb their strong currencies Friday. Singapore intervened in the foreign-exchange market for the first time in months and Korea resumed its intervention after a two-week break, while Japan has signaled it is weighing entering the market for the first time in...

The FX markets are in pre-payrolls mode on Friday with most currency pairs trading very tightly ahead of the highly anticipated statistics. ...

Eurozone retail sales rose in July for the third consecutive month, though by less than generally expected, as growing food sales more than offset a decline in non-food turnover, Eurostat reported Friday. The four previous months were revised upward. On the month, retail turnover gained 0.1%...

The UK August service sector Purchasing Managers Index showed growth rates slowing sharply, following similar deceleration in manufacturing and construction, leading to the month's composite UK output PMI posting its sharpest fall since November 2008. The August PMI data suggest UK growth in the...

Spot hasn’t moved much overnight and volatility has dropped further ahead of today’s Non-Farm Payrolls. Nothing has happened, nothing will happen until then. I am not a big fan of trading around these numbers, hence I am just watching the price action for any sights of the next layer of risk...

Japanese monetary authorities should take all possible measures to curb the yen's rise as current levels around 85 to the dollar are "abnormal," a senior trade ministry official said.

The new CFTC rules consist of 50:1 leverage decision as well as many other regulations for the industry. But there might be one big hidden rule: US clients won’t be able to open accounts with foreign brokers. This can be implemented by assigning the notorious 7995 credit card classification to...

It’s like attending a bingo session. All eyes will be down waiting for the highly anticipated employment print this morning. Will this week’s ADP report translate into a much weaker jobs number? Will the stubbornly elevated weekly claims push the unemployment rate up two ticks? Will analyst’s...

U.K. services growth slowed in August, Markit Economics and the Chartered Institute of Purchasing and Supply said in a statement today in London. A gauge of services activity dropped to 51.3 from 53.1 in July, the lowest since April 2009.

The pace of growth in Britain's services sector slowed more than expected in August, data indicated Friday. The CIPS/Markit services purchasing managers index fell to 51.3 from 53.1 in July. Economists had forecast a slip to 52.8. A reading of more than 50 indicates growth in activity, while a...

The semi-official purchasing managers index for China's non-manufacturing sector stayed unchanged at 60.1 in August after expanding strongly in July, according to data released by the China Federation of Logistics and Purchasing (CFLP) Friday. PMI readings above 50.0 signal expansion while readi...