13 Sep 2013
Session Recap: Euro and Pound consolidate gains, the USD amidst smoke
FXstreet.com (San Francisco) - Thursday was a quiet day in the currency market as the risk sentiment took a pause after the recent movements. The Euro and the Pound were retaining high levels while the US Dollar traded on the defensive amid mixed economic signals.
The US Department of Labor published the lowest Jobless claims in 6 years but the government officials reacted quickly saying that it wasn't accurate as two states didn’t report. The Dollar reacted higher but after the numbers disapproval, it returned to previous prices.
The EUR/USD hold levels above the 1.3300 area where the pair is closing the day. Same story in the GBP/USD as the Pound kept the 1.5800 against the Dollar. The USD/JPY extended losses on Thursday with the pair testing the 99.00 and finishing the day at 99.50.
However, the story was kind of different in the gold. The XAU/USD collapsed $135, 3.16% in the day to break the 1,355 key area. The gold is closing the day at 1,322.
Main headlines in the American session:
US: Initial Jobless Claims fell to 292K
US: Import Price Index flat in August
Canada: New Housing Price index up 0.2% MoM in July
Draghi warns on short-term money market rates
Assad says Syria will not fulfill chemical weapons initiative unless Washington stops threatening strike
It’s all losses for metals as risk appetite stays high
Wall Street declines after rallying three days
The US Department of Labor published the lowest Jobless claims in 6 years but the government officials reacted quickly saying that it wasn't accurate as two states didn’t report. The Dollar reacted higher but after the numbers disapproval, it returned to previous prices.
The EUR/USD hold levels above the 1.3300 area where the pair is closing the day. Same story in the GBP/USD as the Pound kept the 1.5800 against the Dollar. The USD/JPY extended losses on Thursday with the pair testing the 99.00 and finishing the day at 99.50.
However, the story was kind of different in the gold. The XAU/USD collapsed $135, 3.16% in the day to break the 1,355 key area. The gold is closing the day at 1,322.
Main headlines in the American session:
US: Initial Jobless Claims fell to 292K
US: Import Price Index flat in August
Canada: New Housing Price index up 0.2% MoM in July
Draghi warns on short-term money market rates
Assad says Syria will not fulfill chemical weapons initiative unless Washington stops threatening strike
It’s all losses for metals as risk appetite stays high
Wall Street declines after rallying three days