The currency markets settled down overnight, consolidating Thursday’s post ECB and G20 rush with only USD/JPY breaking rank posting a fresh 5 month high, albeit briefly, of 100.18. The DJIA managed a 2.8% gain but the proximity of an expected horrible U.S. payrolls number weighed on the Nikkei which closed just 0.3% higher. Europe is likely to keep the major spots in tight ranges ahead of payrolls, UniCredit says EUR/USD needs a proper break above 1.35 to reopen the post Fed highs of 1.3750, but a dreadful jobs report could drag it lower again.
Alan
Related posts:
- March Nonfarm Payroll – Consensus Estimate 670,000 to 650,000 Loss in Payroll Jobs
- Daily Forex Technical Report – Euro at Record Highs ahead of ECB, BOE
- Market Wrap: More Consolidations ahead of FOMC
- Daily Forex Technical Report – Euro & Sterling Remain Pressured ahead of ECB & BoE Rate Decisions
- Daily Forex Technical Report – Dollar at Another Record Low ahead of Market Holiday
Author:
Time:
Friday, April 3rd, 2009 at 10:04 am
Category:
Comments:
You can leave a response, or trackback from your own site.
RSS:
You can follow any responses to this entry through the RSS 2.0 feed.
Navigation:
