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USD Mixed Following ADP Employment Report
The U.S. dollar is mixed against majors in the aftermath of a larger-than-expected decline in U.S. employment for March and ahead of what could shape up to be a battle among G20 leaders in London.According to Automatic Data Processing Inc, the U.S. labour market lost 742k jobs in March, much worse than the 663k contraction expected and follows February's 706k fall. The result comes ahead of nonfarm payrolls from the Bureau of Labor Statistics on Friday, which
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Sterling & Euro Higher Against USD on Friday (Update)
European currencies are rallying against the U.S. dollar following some sharper-than-expected declines in annual inflation rates in the UK and ahead of the release of U.S. employment data.Currency strategists said the broad gains in EUR/USD shows some nervousness ahead of February's nonfarm payrolls report. Matthew Strauss, currency strategist from RBC Capital Markets, said the gains in the cross could provide some downside risk to nonfarm payrolls.He added that a weaker-than-expected employment report could once again boost
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Forex: EUR/USD: Euro, between 1.3400 and 1.3445 ahead of Non Farm Payrolls
!--TITOL: h1Forex: EUR/USD: Euro, between 1.3400 and 1.3445 ahead of New farm payrollsFITITOL--FXstreet.com (Barcelona) ? The Euro has remained moving from support level at 1.3290/1.3300 to 1.3345 during the European session, a session with remarkably low volatility, ahead of the release of Non Farm Payrolls Report.br /br /On a longer perspective, a href=http://www.fxstreet.com/technical/market-view/daily-forex-news/2009-05-08.htmlPeter Rosentreich/a, technical analyst at ACM Advanced Currency Markets, sees a head and shoulders formation being shaped in May: : Head and shoulders started in May see?s a
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Euro Falls as Nonfarm Payrolls Show another Major Loss in U.S. Job Market
The euro is under pressure as U.S. equity markets show only modest gains following an in-line reading in the March U.S. nonfarm payrolls report.Another loss of 663,000 jobs in the U.S. is not having much impact on risk appetite this morning as the U.S. dollar is showing broad gains, especially against the euro. The single currency is one of the worst performers against the greenback, among the G10 nations. Only the Canadian dollar and the Norwegian krone
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