forex news

US Session – Dollar extends gains, oil dips

Posted on October 3, 2012 at 7:45 pm GMT

The U.S. dollar strengthened against most major counterparts today after two positive economic reports. One report showed that U.S. Service sector activity expanded at the strongest pace in 6 months. The September ISM non-manufacturing index rose to 55.1 from 53.7. The U.S. services sector makes up 80 percent of the economy and so this helped lift sentiment. Meanwhile, earlier in the day the ADP report showed that private U.S. employers added more jobs last month than expected, creating 162,000 jobs. [..]

European Session – Dollar surges against yen after ADP jobs data

Posted on October 3, 2012 at 1:02 pm GMT

Euro was little changed against the dollar during a mostly quiet European session this Wednesday. EURUSD traded between 1.2876 and 1.2936. Investors are waiting for key events that will likely shift markets more. These two events are the ECB press conference tomorrow as well as the U.S. nonfarm payrolls on Friday. Today we had some EU PMI data, though nothing to shift euro substantially. Many investors are also waiting on any news if Spain will ask for a bailout. Sterling [..]

Forex News – Sterling falls after weak UK economic data

Posted on October 3, 2012 at 12:26 pm GMT

The British pound weakened further against the dollar and the euro after soft U.K. economic data eroded confidence in the prospect of a sustained recovery in the British economy. Data on Services PMI indicated that U.K. service sector growth slowed in September and services providers shed jobs for the first time in ten months. The service sector makes up a large portion of the UK economy and hence its recovery is quite important for the country’s overall economy . The [..]

Asian Session – Aussie extends losses after gloomy trade data

Posted on October 3, 2012 at 5:47 am GMT

The Australian dollar extended its decline today after data showed Australia’s trade deficit was wider than forecast. The aussie has been falling since yesterday when the Reserve Bank of Australia cut interest rates to 3.25 percent and more cuts are expected. The trade deficit widened to AUD 2.03 billion, the largest in three years. AUDUSD fell to a low of 1.0209 in the Asian session, down 1.5 percent since yesterday. Euro gave up gains made yesterday when it reached a [..]

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US Session – Dollar extends gains, oil dips

European Session – Dollar surges against yen after ADP jobs data

Forex News – Sterling falls after weak UK economic data

Asian Session – Aussie extends losses after gloomy trade data

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