News / Page 450

Forex News – Euro falls after weak Spanish jobs numbers

Posted on February 4, 2013 at 9:13 am GMT

The euro fell 0.3 percent against the dollar within an hour of disappointing Spanish jobs data which showed the number of people unemployed in Spain rose by 2.7 percent in January. According to Spain’s Labour Ministry this brings the total number of Spaniards out of work to 4.98 million people. Spain is the fourth-largest economy in the euro zone. Last month the Spanish National Statistics Institute reported an unemployment rate of 26 percent in the fourth quarter of 2012 with [..]

Asian Session – Yen falls versus AUD to 4-1/2 year low

Posted on February 4, 2013 at 6:59 am GMT

Monday’s Asian session was relatively calm and mostly in profit taking mode after some rallies on Friday due to upbeat economic data fuelling risk appetite. Solid manufacturing data from Europe, US and China give optimism for a global economic recovery. US data on Friday showed payrolls rose by 157,000 last month, with upward revisions for November and December. Other data for manufacturing showed the ISM index for factory activity rose to its highest since April. China followed with positive news [..]

US Session – USDJPY advances to new highs

Posted on February 1, 2013 at 10:05 pm GMT

Risk appetite was strong in the US session on Friday after some mixed economic data that was enough to lift markets sentiment, as US nonfarm payrolls numbers were in the end quite positive. Other data showed manufacturing in the US expanded more than forecast in January, reaching a nine-month high, while confidence among American households unexpectedly rose. USDJPY showed the most reaction to the US jobs data, hitting fresh 2-1/2 year highs at 92.95. The dollar was initially sold off [..]

Forex News – USDJPY tumbles after US nonfarm payrolls report

Posted on February 1, 2013 at 2:51 pm GMT

USDJPY fell after the US nonfarm payrolls data, falling as low as 91.86 from 92.22 before the data. Non-farm payrolls rose 157,000 in January, which was close to expectations but the dollar was mainly sold off due to the 0.1 percentage point uptick in the unemployment rate to 7.9 percent from 7.8 percent. The unemployment rate was expected to hold steady. Some economists had forecasted 160,000 jobs to be created. However revisions were made to the November and December payrolls. [..]

European Session – Dollar sold off after US jobs data

Posted on February 1, 2013 at 2:07 pm GMT

Euro was strong all though Friday’s European session, and hit yet another fresh 14-month high against the dollar after rallying above the key $1.36 level. Euro crosses also rose, with EURJPY and EURGBP also hitting new highs today. The euro got an added boost after economic data showed euro zone PMI was higher than expected at 47.9, though still in contraction phase. But German PMI was well above expectations, touching an eleven month high at 49.8. Germany is seen to [..]

Forex News – EURGBP jumps after manufacturing PMI from UK and EZ

Posted on February 1, 2013 at 10:16 am GMT

The euro surged higher against the British pound in early Friday European session trading after manufacturing data from the UK and Europe . The purchasing Manager’s Index for the manufacturing sector in the euro zone contracted at the slowest pace in 11 months in January which was positive for the euro. According to Markit which complied the data, the PMI index ticked up in January to 47.9 from December’s 46.1, coming in above an earlier estimate of 47.5. The 50-point [..]

Forex News – China’s manufacturing sector shows moderate growth

Posted on February 1, 2013 at 8:53 am GMT

China’s manufacturing sector appears to be steady after months of slow growth but the rebound is still quite shallow accruing to data released on Friday. There were two separate Purchasing Manager’s Index surveys released by two rivals, giving mixed data. One PMI was reported by HSBC, which gave a final reading of 52.3, which is a two year high. The other PMI was an official report from the Chinese government which showed PMI actually fell in January to 50.4 from [..]

Asian Session – USDJPY rises above 92.00, first time in 2 years

Posted on February 1, 2013 at 7:14 am GMT

Currency markets seemed to maintain a bullish sentiment in Friday’s Asian trading session despite some mixed economic data from China. Most major risk currencies gained with the exception of the Australian dollar. Data showed that China’s official manufacturing PMI (Purchasing Managers’ Index) fell to 50.4 in January from December’s 50.6. However, remanining above the 50 point level that separates expansion from contraction is still good. In contrast, the PMI based on a rival survey from HSBC showed an increase of [..]

US Session – Dollar hits new 2-/12 year high versus yen

Posted on January 31, 2013 at 8:30 pm GMT

The euro rallied against the dollar to hit a fresh 14-month high on Thursday’s US session, and is on track for having the best monthly gains in almost a year. The bullish sentiment in the single currency is intact due to investor optimism as a result of signs of recovery in the euro zone’s economy. EURUSD peaked at $1.3592 in mid-US session trading, the highest level since November 2011. Earlier in the day the euro had fallen on the back [..]

Forex News – US jobless claims rise but incomes improve

Posted on January 31, 2013 at 2:53 pm GMT

More Americans filed for jobless claims in the week of January 26, up 38,000 to a total of 368,000, more than the consensus of a 20,000 increase to 350,000. Dollar fell slightly after the data but losses were limited since the overshoot was not as much and is consistent with the growth trend, albeit slow. Also helping offset the data was an upbeat report on incomes which rose in December by the most in eight years, giving mildly positive signs [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

News

XM Live Chat