A brand new month and brand new highs in the EUR and the USD/JPY greet traders as they come to work this morning, as the NFP is awaited. Update: NFP +157K, huge revisions Let’s start with the USD/JPY. The break above the 92.00 level has set off some stop loss buying as the currency pair … “Non-Farm Payrolls could be a Win-Win Situation for EUR”
Month: February 2013
GBP/USD Drops as UK PMI Falls, GBP/JPY Highest Since 2010
The Great Britain pound tumbled against the US dollar today as the UK manufacturing fell more than was anticipated by analysts. The currency continued to rise against the Japanese yen, reaching the highest price since February 2010. The Markit/CIPS UK Manufacturing Purchasing Managers’ Index fell from 51.2 in December (which was the highest in 15 months) to 50.8 in January. Experts have hoped for a reading of 51.0. The figure above 50.0 still indicated … “GBP/USD Drops as UK PMI Falls, GBP/JPY Highest Since 2010”
NZ Dollar Rises, Gains Limited as China’s PMI Drops
The Zealand dollar rose today, but gains were limited as official data showed that China’s manufacturing growth slowed last month, damping prospects for New Zealand exports. The China Federation of Logistics & Purchasing reported that the Purchasing Managers’ Index fell from 50.6 in December to 50.4 in January. At the same time, the HSBC China Manufacturing PMI edged up from 51.5 to 52.3. It was the rare occurrence that … “NZ Dollar Rises, Gains Limited as China’s PMI Drops”
Job Gains of Over 200K Could Lead to Drops in
Job gains in recent months have been steady but probably enough only to “breakeven”. Prints above 200,000 are more likely to lead to a change in the unemployment rate given there is likely to also be adjustments in the labor pool, says John Kicklighter of DailyFX. In the interview below, Kicklighter discusses the current mindset … “Job Gains of Over 200K Could Lead to Drops in”
Forex Crunch Key Metrics January 2013
The first month saw a big pickup in market volatility and also in site traffic, with higher figures than in the previous three months. Traders are back from the end-of-year vacations and markets are back from a long period of low volatility. Will this trend continue in the next few months? Here are the numbers: … “Forex Crunch Key Metrics January 2013”