August 5: USD after NFP

5 August, 2013

US dollar is struggling to gain traction after data on Friday showed that US employers slowed their pace of hiring in July.

EUR/USD is trading around the opening level at $1.3278 after it rose by more than 70 pips on Friday. Today watch for Spanish and Italian services PMI, euro zone’s final services PMI and the region’s retail sales. GBP/USD is in the $1.5270 area after it gained about 170 pips on Friday. Britain will also release services PMI. USD/JPY is trading to the downside, touching 98.65. The pair extends the decline from the Friday’s peak at 100.00. USD/CHF edged lower after touching the 0.9300 mark.

AUD/USD touched a fresh low of $0.8850 before recovering to $0.8890. Market sentiment towards the Aussie remains bearish ahead of the tomorrow’s RBA meeting: the probability of a 0.25 bps rate cut is pretty high. Today’s data showed Australia retail sales came flat in June at 0.0% m/m (vs. +0.4% expected). NZD/USD opened the week with a large bearish gap at $0.7750, pressured by the news that China banned New Zealand contaminated milk powder imports. Later on kiwi recovered to $0.7790, partially filling the gap. USD/CAD edged up and is in the 1.0400 area. It’s a bank holiday in Canada today.


Source link  
FBS makes your dreams come true

FBS is an international community with millions of followers across the globe. However, we want to stay connected to you and pamper you...

FBS launches blog for forex traders

We decided that we want to get even closer to our clients and bring our connection to a whole new level. Meet People of Forex - a new blog designed...

FBS grand event Malaysia

FBS Team is happy to share the details of a fabulous event that took place on 26 of August in Grand Hyatt Kuala Lumpur. It was the second Gala Dinner...


Ramadan promotion got an award

We are happy to announce that FBS got an award for the implementation of the Ramadan charity program. Together, we have...

Stop-level cancellation for robots

We know that many of our traders, especially those who traded using Expert Advisor, were dreaming about a stop-level cancellation. Starting from today...

Hassle-free deposits and withdrawals

Great news for FBS traders in Japan – from now on, you can easily deposit and withdraw money using Mybitwallet. Created by EProtections...


FBS at Invest Fair Malaysia

On August 26-27, FBS team had a great time at Invest Fair Malaysia sharing the idea of financial freedom with local traders and investors...

FBS grand event Kuala Lumpur

On August, 26 FBS will host the next Grand Event - this time in Kuala Lumpur, Malaysia! Save the date, because it's going to be an unforgettable experience...

Banking details for Mandiri payments

Important information for FBS clients in Indonesia - we changed banking details for Mandiri payments. Check out your Personal area...

  


Share: