10 Jan 2014
Session Re-cap; a bad day for the dollar
FXstreet.com (Guatemala) - The US dollar has been kicked down by a shocking result from Non Farm Payrolls releases. Non Farm Payrolls reading which registered at 74k, against expectations of 196k, and 241k (revised) previous.
Predictably, it had been a slow start to the session in Europe, ahead of Payrolls.
EUR/USD has been settling on the highs. The unit has found little supply on the rally and has remained well bid with only a slight pull back from the highs to where it currently oscillates around 1.3665.
GBP/USD has been capped through the 1.65 handle and supply takes the pair into 1.6480/90’s. With UK industrial production data disappointing, rather than revealing the solid gain that was expected today, Sterling was barely holding onto the 1.64 handle prior to the Non Farm Payrolls.
USD/JPY has been tripping stops on the decline through 104/60/40 post the jobs numbers and is settling in a consolidation of the drop on the 104 handle and ranging within 15 pips.
USD/CAD has suffered the least but has been on the way to the 1.0970 target which some strategists were targeting.
Predictably, it had been a slow start to the session in Europe, ahead of Payrolls.
EUR/USD has been settling on the highs. The unit has found little supply on the rally and has remained well bid with only a slight pull back from the highs to where it currently oscillates around 1.3665.
GBP/USD has been capped through the 1.65 handle and supply takes the pair into 1.6480/90’s. With UK industrial production data disappointing, rather than revealing the solid gain that was expected today, Sterling was barely holding onto the 1.64 handle prior to the Non Farm Payrolls.
USD/JPY has been tripping stops on the decline through 104/60/40 post the jobs numbers and is settling in a consolidation of the drop on the 104 handle and ranging within 15 pips.
USD/CAD has suffered the least but has been on the way to the 1.0970 target which some strategists were targeting.