Thread: Avafx.com - Forex, Oil, Gold, CFDs Daily Market Analysis

FX Traders Await European and British Interest Rate Decisions
Thursday, 13 Jan 2011 12:40:01 GMT
Market participants anticipate interest rate releases from both the BOE and ECB later this afternoon. Earlier today two rating agencies released market notes warning of a potential downgrade to the credit rating of the US.

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EUR and GBP Set for Volatility from CPI and ZEW Reports
Tuesday, 18 Jan 2011
The euro's mild downturn against its rivals was brought on at the start of this week's trading by reduced optimism regarding the EU rescue fund's expansion. Some analysts were disappointed that the finance ministers of the 17-nation bloc did not take further measures to bolster the bailout mechanism. This temporary setback pushed the EUR down against most of its rivals yesterday.

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EUR Trading Higher from Increased Demand
Wednesday, 19 Jan 2011
The euro was firmer against the dollar on Wednesday on reported Asian sovereign buying and continued short-covering, though it failed to make a sustained break above the key $1.35 level.

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EUR Rises on All Fronts
Friday, 21 Jan 2011 19:22:43 GMT
The euro rose to a two-month high against the dollar on Friday, helped by Asian sovereign demand and improving confidence in the euro zone, but its rally appeared on shaky ground as it neared key technical resistance.

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Weak GDP Sinks the Pound
Tuesday, 25 Jan 2011 14:18:45 GMT
A surprising 4Q GDP report from Britain showed the British economy actually contracted. In response the pound sold off sharply as traders adjust their expectations for Bank of England interest rate moves.

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EUR Trading Mixed Against Main Currency Rivals
Tuesday, 1 Feb 2011
An anticipated euro-zone interest rate hike caused the EUR to turn bullish against the safe haven dollar and yen throughout the day yesterday. That being said, the euro was not able to maintain its gains against the Japanese currency in the overnight session. The EUR/JPY has begun correct itself, and has already fallen close to 30 pips since late last night. Currently the pair is trading just above the 112.40 level.

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USD Consolidating ahead of Friday's Non-Farm Payrolls
Thursday, 3 Feb 2011
The EUR/USD has been surging over the past several trading days, hitting a recent high of 1.3860 before paring its gains and currently resting steadily at 1.3810. The USD/JPY has likewise been in decline but underwent a modest spike following the publication of yesterday's ADP figures. The pair is currently trading at 81.61.


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Non-Farm Payrolls Sends Dollar Higher
Disappointing employment data released on Friday sent the dollar higher versus the major currencies as the report from the Labor Department showed a significantly less than expected number of jobs were added to the US economy in the month of January.

Traders were buying dollars as the less than forecasted job numbers did not support expectations of an improving US economy and employment picture. The Bureau of Labor Statistics reported US added 36K new jobs in the month of January. However, economists forecasted payrolls to come in at 138K.


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Euro Falls on Disappointing German Manufacturing Report
The euro failed to recover from last week's bearish session, and remained at low levels against most of its major currency counterparts in Monday's trading. The EUR/USD pair continues to trade below the 1.3600 level, and the EUR/ JPY pair remains below the 112.00 level.
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