Day The Us Dollar Registered

Fundamental News Today’s highlights: Claimant Count Change (GB, 09:30 GMT) Core CPI (YoY) (EUR, 10:00 GMT) German 10-Year Bund Auction (GER, 10:30 GMT) BoE Gov King Speaks + BoE Inflation Report (GB, 10:30 GMT) Manufacturing Sales (MoM) + Building Permits + Housing Starts (U.S., 13:30 GMT) Industrial Production (MoM) (U.S., 14:15 GMT) ECB President Draghi Speaks (EUR, 15:00 GMT) FOMC Meeting Minutes (U.S., 19:00 GMT) The Department of Labor revealed that consumer prices in U.S were flat in April compared to the previous month. While the Commerce Department said that U.S retail sales edged up by 0.1 percent in April following a revised 0.7 percent increase in March and the business inventories rose by 0.3 percent in March following a 0.6 percent increase ...

Fundamental News Today’s highlights: · 10-Year Note Auction (U.S., 18:00 GMT) · Wholesale Inventories (MoM) (U.S., 15:00 GMT) · Crude Oil Inventories (U.S., 15:30 GMT) · MBA Mortgage Applications (WoW) (U.S., 12:00 GMT) Bloomberg News reported that, manufacturers in the U.S. became less- optimistic about 2012 sales growth than at the end of last year, while service companies grew more upbeat, according to a survey by the Institute for Supply Management. Purchasing managers at U.S. factories said they anticipate sales will grow 4.5 percent this year, less than a 5.5 percent December prediction, according to the Tempe, Arizona-based group’s semiannual forecast issued yesterday. Moody’s Investors Service will this month start cutting the credit ratings of ...

The Australian dollar dropped today, trading near this year’s lows, as a government report showed that the nation’s trade balance deficit in March was bigger than estimated by specialists. Australia’s trade balance registered a deficit of A$1.587 billion in March, compared to experts’ forecast of A$1.380 billion. The February shortage was revised from A$0.480 billion to A$0.754 billion. The poor data made traders afraid that Australia’s economic growth is losing steam. The Aussie, together with other growth-related currencies, suffers from the ever-growing concern about the future of Europe. Greek parties were unable to reach agreement and for a new government after the weekend’s election. The political turmoil added to worries that the most-indebted country of the European Union may ...

Fundamental News Today’s highlights: · ECB President Draghi Speaks (EUR, 13:30 GMT) · FOMC Member Fisher Speaks (U.S., 16:15 GMT) · Housing Starts (CAD, 13:15 GMT) Consumer borrowing in the U.S. surged in March by the most in more than a decade on growing demand for educational financing and autos. Credit rose by $21.4 billion, the biggest gain since November 2001, to $2.54 trillion, Federal Reserve figures showed today in Washington. The advance was paced by a $16.2 billion jump in non-revolving debt, including student and car loans. Australia’s trade deficit was at A$1.587 billion in March, the Australian Bureau of Statistics said on Tuesday. That missed forecasts for a shortfall of A$1.4 billion after showing a deficit of A$754 million in February. Exports ...

The Week Ahead Highlights When will volatility pick up Digesting payrolls Will there be more QE for the UK? Data Watch When will volatility pick up? Volatility in US Treasuries is at its lowest level since 2007, so too is volatility in the FX options market for short-term EURUSD products and the Vix has fallen sharply since peaking in autumn 2011. Yet Europe's sovereign stresses remain as strong as ever, Spain and Italy are struggling to sell their sovereign debt to anyone bar their domestic banking sectors and election risks are enormous as Greece and France go to the polls on Sunday. So why is volatility so low? The answer lies with central banks and fairly tight FX ranges. When central banks come in and pledge that interest rates will remain extremely low until 2014, ...

(Reuters) - U.S. employers cut back on hiring in April and more people gave up the hunt for work, dimming hopes the economy was turning a corner just as President Barack Obama prepared to launch his re-election campaign. Employers added 115,000 workers last month after increasing payrolls 154,000 in March, the Labor Department said on Friday. Economists had expected to see the creation of 170,000 jobs. The unemployment rate ticked a tenth of a point lower to 8.1 percent, a three-year low, but only because people left the workforce. It was the third straight month in which hiring slowed, intensifying fears that the U.S. recovery is losing momentum and opening the door a bit wider for the Federal Reserve to ease monetary policy. "The bottom line is you don't have evidence that this ...

Fundamental News Today’s highlights: · Halifax House Price Index (MoM) (GB, 08:00 GMT) · Retail Sales (MoM) (EUR, 10:00 GMT) · Nonfarm Payrolls + Unemployment Rate (U.S, 13:30 GMT) · Ivey PMI (CAD, 15:00 GMT) New claims for unemployment in the U.S. fell by 27,000 to a seasonally adjusted level of 365,000 and U.S worker productivity showed a 0.5 percent decline amid jump in hours worked, according to figures released Thursday by the Labor Department. The ISM said its non-manufacturing index dropped to 53.5 in April from 56.0 in March, although a reading above 50 indicates continued growth in the service sector. The ECB left its key interest rate unchanged for the fifth consecutive month in May, as expected. ECB President Mario Draghi left open the option ...

(Reuters) - Gold prices fell 1 percent on Thursday after data showing a slide in U.S. weekly jobless claims last week boosted expectations that Friday's non-farm payrolls report will beat forecasts, offsetting a rebound in the euro. A strong reading of the U.S. employment market on Friday would likely further curb speculation that the Federal Reserve would take fresh measures to shore up the economic recovery, a prospect that had been seen as gold-friendly. Spot gold was down 0.9 percent at $1,638.51 an ounce at 1318 GMT (5.18 am EDT) , having earlier touched a low of $1,625.89. U.S. gold futures for June delivery were down $15.10 an ounce at $1,638.90. "The focus for the next 24 hours will be the jobless report tomorrow," SAxo Bank vice president Ole Hansen said. "The (jobless) claims ...

Sunrise Market Commentary - Fixed Income: German yields set record lows - Depressing April PMI's and unemployment data in the EMU set the tone for a risk off session. Core bonds surged higher and the German Bund future reached a new record high. In the US session, US equities rebounded and triggered profit taking in US treasuries. German bonds stayed near the highs however. - Currencies: Awful EMU PMI data hit the euro - The focus in currency trading shifted from the US to Europe. On Tuesday, EUR/USD declined due to dollar strength in the wake of the ISM release. On Wednesday, an awful set of EMU data triggered a next selling wave. EUR/GBP continues to set new lows, too. We doubt that the Draghi press conference will be able to change the course of events The Sunrise ...