Sep 2: AUD, NZD rise, JPY falls

September 2, 2013

EUR/USD is trying to break the $1.3215/3190 range to the upside. On Friday the pair has found some support at $1.3175. Today watch the Spanish and Italian manufacturing PMIs (forecast – improvement). On Friday European stock markets closed the day in the red territory. GBP/USD opened the week with a bullish gap at $1.5530 and strengthened to $1.5570. Traders are looking forward to the UK manufacturing data at 8:30 GMT (the index is expected to reach its highest level since 2011).

USD/JPY rose to 98.67, resistance line descending from May high. Yen weakened as Prime Minister Shinzo Abe got backing for a sales-tax increase from panels that urged an increase in stimulus to cushion the economic blow. Nikkei stock index is up and the pair’s effectively wiping out the losses from the Syria-induced slide earlier last week. As for this country, the US decided to wait for Congressional approval before launching what might be a unilateral attack against the Syrian regime. USD/CHF opened the week with a small gap up. The pair touched 0.9335, but then eased lower, holding above the 0.9300 mark.

AUD/USD opened with a 40-pip gap up and is trading on the upside. NZD/USD also gapped up by about 30 pips. Aussie and kiwi gained after a Chinese factory gauge (manufacturing PMI) rose to a 16-month high, boosting trade prospects. USD/CAD initially rose to 1.5042 before sliding to 1.0516. Banks in the US and Canada are closed today for a holiday.

Publication source
FBS information  FBS reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

OANDA Rating
OctaFX Rating
Z.com Trade Rating
HotForex Rating
Orbex Rating
XTB Rating

99Binary Rating
Binary.com Rating
EZTrader Rating
OptionBit Rating
OptionTrade Rating
Porter Finance Rating