FX Daily Outlook
Posted on August 10, 2015 at 9:51 am GMT[..]
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Asian Session – Dollar steadier after jobs data; Weak China exports raises stimulus hopes
Posted on August 10, 2015 at 8:03 am GMTThe dollar stabilized after its brief surge on Friday that followed another set of robust jobs growth. Nonfarm payrolls for July were slightly below expectations at 215k but at above 200k, maintained the overall healthy pace of jobs growth seen over the past year. The greenback was mostly flat in Monday’s Asian trading and near Friday’s lows as the euro recovered to back above 1.09 dollars to 1.0963 dollars in late Asian session. Against the yen, the dollar was firmer, [..]
European Session – Dollar surges on nonfarm payrolls data; euro back below 1.09
Posted on August 7, 2015 at 2:34 pm GMTUS Nonfarm payrolls were slightly below expectations in July, coming in at 215k, against estimates of 225k. But the previous month’s figure was revised higher to 231k from 223k. The unemployment rate was stable at 5.3% in July. Average hourly earnings was slightly below estimates of 2.3%, coming in at 2.1%, due to downward revisions to previous months’ numbers and showing little sign of accelerating. But the dollar surged ahead despite the mixed data as markets view the job numbers [..]
FX Daily Outlook
Posted on August 6, 2015 at 9:55 am GMT[..]
Asian Session – Pound steady ahead of BoE’s ‘Super Thursday’; dollar off highs
Posted on August 6, 2015 at 7:57 am GMTThe US dollar was slightly off its highs from Wednesday’s near 4-month highs against a basket of currencies. Comments from Fed policymakers Jerome Powell and Dennis Lockhart gave conflicting signals on the possibility of a September rate increase. Lockhart sounded more hawkish, saying the economy was ‘in good shape’ and that September would be an appropriate time for a move. But Powell reiterated the Fed’s data dependency stance saying no decision has been made. The dollar fluctuated during the course [..]
