Forex Focus
Twitter is loading…
If the Twitter feed does not appear in this space soon there may be a fault. This may be a technical issue with Twitter, your firewall settings, or your network administrator may have disabled access.
Historical Details
- % Change
- 1 Week -0.43%
- 1 Month 1.70
- 3 Months -4.45%
- 6 Months -7.84%
- 1 Year -4.69%
52 Week
- High 1.4940
- Low 1.2624
Bloomberg Median Forecasts
- Q1 2012 1.27
- Q2 2012 1.27
- Q3 2012 1.28
- Q4 2012 1.30
Twice-daily Commentary
03 February 2011 – London: 13:15; Chicago: 07:15; Singapore: 21:15; | 04 February 2011 – Melbourne: 00:15. The euro has managed to hold on to its gains versus the US dollar this morning, despite a weaker set of retail sales figures for the single currency zone. December retail sales declined by 1.6% year-on-year, and dropped by 0.4% between November and December 2011, having been forecast to increase by 0.3%. However any downward impact was muted as a result of reasonable PMI data out earlier this morning. The composite index for the eurozone was unchanged at 50.4, and the services index dropped back only slightly, from 50.4 to 50.3 for January. Nonetheless, as with most other assets this morning, traders are unwilling to push EUR/USD too far in either direction in case the US non-farms data out this afternoon provides a surprise in either direction. The current forecast is for the US economy to have added 140,000 jobs during the month. Vasudha Sud, London
Twitter is loading…
If the Twitter feed does not appear in this space soon there may be a fault. This may be a technical issue with Twitter, your firewall settings, or your network administrator may have disabled access.
Historical Details
- % Change
- 1 Week 0.43%
- 1 Month 1.17%
- 3 Months -1.59%
- 6 Months -3.60%
- 1 Year -2.40%
52 Week
- High 1.6747
- Low 1.5233
Bloomberg Median Forecasts
- Q1 2012 1.53
- Q2 2012 1.53
- Q3 2012 1.55
- Q4 2012 1.57
Twice-daily Commentary
02 January 2012 – Chicago 22.00; 03 January 2012 – London: 04.00; Singapore: 12.00; Melbourne: 15.00 In US trade, the pound gave up some of its recent ground as participants tread water ahead of tonight’s January non-farm payrolls report. In recent sessions, the pound has surged against the USD as improving sentiment has seen traders willing to increase exposures to risker asset classes. However, as is often the case in the lead up to ‘non-farms Friday’, many traders seem to be sitting on the sidelines. Adding to the pound’s slight drift was UK construction PMI that came in softer than expected at 51.4, versus a consensus of 52.5 and a previous reading of 53.2. Also of interest for traders of the pound were comments from Bank of England MPC member Mr Posen, who said the world must break away from the notion of being in an ’austerity competition‘. He added that the bank should create a vehicle to securitise small business loans. He did not divulge whether he was in favour of a further round of QE, but said UK inflation would continue to ease and that the recession would have been much worse if the bank had not done QE. Having ended yesterday’s Australian session around the 1.5845 mark, the pound fell over the course of US trade to eventually settle at 1.5805. Upon reopening for Asian trade, the pound is little changed trading just above 1.58. Cameron Peacock, Australia
Twitter is loading…
If the Twitter feed does not appear in this space soon there may be a fault. This may be a technical issue with Twitter, your firewall settings, or your network administrator may have disabled access.
Historical Details
- % Change
- 1 Week 0.43%
- 1 Month 3.23%
- 3 Months 3.13%
- 6 Months 2.51%
- 1 Year 5.97%
52 Week
- High 1.1081
- Low 0.9388
Bloomberg Median Forecasts
- Q1 2012 0.99
- Q2 2012 0.99
- Q3 2012 1.00
- Q4 2012 1.00
Twice-daily Commentary
02 January 2012 – Chicago 22.00; 03 January 2012 – London: 04.00; Singapore: 12.00; Melbourne: 15.00 The main theme across all asset markets on Thursday was cautious consolidation ahead of an expected resolution on key issues regarding Greece and ahead of the key US non-farm payroll data later today (Friday). Major forex pairings were remarkably close to where they closed on Wednesday. AUD/USD fell to 1.0694 in early London trade, only to spike to 1.0735 after Premier Wen's comments regarding the EFSF/ESM. Speaking with visiting German Chancellor Mrs Merkel, Chinese Premier Wen Jiabao noted that China was considering 'greater involvement' in the EFSF and ESM stabilisation funds. AUD/USD retreated from the major resistance window between 1.0750/65, as weaker commodity prices discouraged fresh buying. The pair was trading around 1.0710 late in the US session, unchanged from Wednesday's close. The Asian markets have tended to be "risk on" in recent days, and if that mood prevails again today it should support AUD/USD. Stan Shamu, Australia
Twitter is loading…
If the Twitter feed does not appear in this space soon there may be a fault. This may be a technical issue with Twitter, your firewall settings, or your network administrator may have disabled access.
Historical Details
- % Change
- 1 Wk -0.63%
- 1 Month -0.65%
- 3 Months -2.34%
- 6 Months -2.78%
- 1 Year -6.54%
52 Week
- High 85.53
- Low 75.35
Bloomberg Median Forecasts
- Q1 2012 77.00
- Q2 2012 78.00
- Q3 2012 78.50
- Q4 2012 77.00
Twice-daily Commentary
02 January 2012 – Chicago 22.00; 03 January 2012 – London: 04.00; Singapore: 12.00; Melbourne: 15.00 USD/JPY traded in a 76.04/76.22 range on Thursday, with talk of huge stops below 75.80 and 75.500 keeping the pressure on, while fear of BoJ intervention underpinned. Spot flipped to a 76.05 low after solid US productivity numbers and a drop in weekly claims. The verbal intervention remains rampant, but many analysts feel that unless we go through previous lows at 75.32, they will hold off at least until that level. They couldn't even argue that they are stemming USD/JPY volatility at the moment, given that USD/JPY volume in the front end continues to come off. Concerns about intervention and short covering helped lift USD/JPY toward the day’s end, settling 76.23. It is a big night for the USD, with the all-important non-farm employment change and unemployment rate due out. Stan Shamu, Australia
Notes: Chart data based on IG's prices. Charts supplied by IT Finance. Bloomberg Median Forecasts are produced by Bloomberg by taking the median level from rates forecast by a number of contributors, which consist of leading banks and security firms.
