The dollar climbed to an eight month high versus the EUR on Friday after the release of the U.S. jobs report. Credit concerns in Europe are weighing on the market as traders have moved out of riskier currencies and into the safety of the dollar and yen.
The greenback was significantly stronger across the board at the end of Friday's trading with the lone exception coming against the Japanese yen. Driving the dollar higher was a combination of a strong U.S. jobs report and European economic sovereign debt fears.
At the end of Friday's tradin... ( read more )
Posts Tagged with ‘Nonfarm Payrolls’
Non-Farm Employment Change on Tap
Today, traders should pay close attention to the release of the U.S. Non-Farm Employment Change report. This indicator always produces extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market following this vital announcement at 13:30 GMT.
The Dollar was little changed against most of its major counterparts during yesterday's trading session, a day ahead of a key government jobs report that will shed light on the health of the U.S. economy. By yesterday's close, the USD fell slightly... ( read more )
US Non-Farm employment Change To Set The Pace Today
The U.S. Dollar is expected to go extremely volatile today on the release of the ever so important U.S. Non-Farm Employment Change at 12:30 GMT. The other releases that are expected to drive trading between the USD and its main crosses today are the British PPI Input at 08:30 GMT, the U.S. Unemployment Rate at 12:30 GMT, and the Canadian Unemployment Rate at 11:00 GMT. Forex traders are advised to open their USD positions now, prior to the release of the vital economic data from the leading economies.[caption id="attachment_1801" align="alignri... ( read more )
The Greenback Awaits the Release of the Nonfarm Payrolls...
Today's U.S. NonFarm Employment Change data release is set to dominate the trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as European Central Bank Chairman Jean-Claude Trichet's speech at 7:50 GMT, and the U.S. Unemployment Rate publication at 12.30 GMT. The results of today's data are likely to determine the USD's bullishness going into next week's trading.
The Dollar was down against the EUR Thursday after the European Central Bank's (ECB) decision ... ( read more )
June 4, 2009 - All Eyes on The US Non-Farm Payrolls Release Tomorrow
The Dollar gained considerably ground in yesterday's trading, whilst the price of Crude Oil plummeted. The question today is can this pattern be extended into end-of-week trading? The answer to this question will be determined by a number of factors, such as the U.S. Unemployment Claims release at 13:30 GMT, U.S. Federal Reserve Chairman Ben Bernanke's speech at 12:45 GMT, and investors weighing in on the possible results of the U.S. Non-Farm Payrolls data release tomorrow.
The Dollar may rise for a second day versus the EUR on speculation o... ( read more )