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YenTitle:
The Asian region in a week
The Asian region witnessed a number of economic data where the Chinese data helped in supporting markets with better than expected manufacturing expansion. The data helped further in clearing the uncertainty yet still we can see that Asian economies are suffering the sluggish global growth and the downside pressure of the debt crisis.
The Japanese industrial production rose more than analysts forecasted in December, where the manufacturers bolstered production to make up for disruptions caused ...
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Dollar up versus yen on U.S. jobs data, holds steady versus euro
Robust U.S. jobs data spurred investors to buy the U.S. dollar and sell yen on Friday with the rosier economic report curtailing some expectations the U.S. Federal Reserve will hold off raising interest rates until 2014.
The strong jobs data diminished the greenback's safe haven status as investors took on more risk. The main beneficiary was the euro where initial losses on the report were erased by the end of trade despite the overhang of Europe's sovereign debt crisis.
Data from the U.S. ...
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Oil prices up on U.S. jobs growth, Iran threat
Oil prices rose on Friday after a government report showed the U.S. economy in January created jobs at the fastest pace in nine months, fueling hopes of stronger demand in the top petroleum-consuming nation.
Crude futures rose further on the jobs report, extending gains made after Iran's supreme leader warned of retaliation over "threats of oil embargo and war."
Brent March crude rose $1.33 to $113.40 a barrel by 12:47 p.m. EST, up for the fourth straight day, trading from $111.93 to $113.88 ...
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Dukascopy Afternoon Forex Overview : 02/03/2012
Dukascopy Fundamental Analysis
EUR
Royal Dutch Shell announced it plans to invest more to boost production. The company reported it would invest 30 billion US Dollars into the new gas and oil projects in 2012 as compared to 24 billion US Dollars invested in 2011. The move came after the company announced the annual rise in net income by 50% to 28 billion US Dollars in 2011.
USD
US employment surged more than predicted in January while the unemployment level dropped to the lowest reading in ...
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Dollar gains versus euro and yen on strong U.S. jobs data
The dollar gained against the yen and euro on Friday, sending both to session lows after a report showed a larger-than-expected gain in U.S. jobs, which investors perceived as reducing the likelihood of further stimulus by the Federal Reserve anytime soon.
To some investors it even suggested the U.S. central bank may raise interest rates sooner than it has indicated in recent days. Higher rates will raise the attractiveness of dollar-denominated securities and demand for the dollars to buy them. ...
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Euro rebounds before jobs report, yet heading for a weekly drop
The euro rose against the U.S. dollar on Friday trading, yet probably heading for a weekly decline, on expectations U.S. jobs report will show rise in non-farm payrolls, thereby enhancing risk taking.
The main highlight of the day will be the awaited non-farm payrolls report from the U.S. due at 13:30 GMT. The change in non-farm payrolls is predicted to retreat to 140,000 in January from 200,000 in December, while unemployment will linger at 8.5%.
However, the euro will probably record a ...
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Nervous markets eye U.S. jobs report, Greece
Caution ahead of U.S. jobs numbers kept a lid on gains for stock markets on Friday after an optimistic start to the year that has added more than 7 percent to global company values.
Sentiment was underpinned by data that hinted the euro zone may yet avoid recession, boosting European shares, and that China has room to ease monetary policy.
The U.S. nonfarm payrolls report will be a key catalyst as strong data would fuel growing hopes the global economy is on a firm recovery path, while ...
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Yen intervention risks mount before U.S. jobs data
The dollar teetered near three-month lows versus the yen on Friday, as risks for a move towards record lows mounted before U.S. jobs data, keeping alive the threat of official intervention to weaken the Japanese currency.
Japanese Finance Minister Jun Azumi said on Friday speculative yen buying had gathered pace since last week and repeated that he was ready to act decisively to counter "one-sided" moves.
The euro and the Australian dollar struggled to make much headway as a dip in Chinese non- ...
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Forex - Stalled Greece Negotiations Will Weigh On Euro Going Forwar
Forex News and Events:
Talks between Greece and its private sector creditors have still not come to a conclusion and there has been a complete absence of updates on progress this week – raising the uncomfortable possibility that negotiations drag on into another week. The immediate consequences of this lack of resolution are clear; EURUSD has repeatedly failed to garner much buying interest up towards 1.3200 as investors remain concerned that talks may still fail, and risk appetite has failed ...
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