Forex News

• NFP to Offer Another USD Inflection Point? September 2, 2010
  Some have lowered expectations for US nonfarm payrolls due to the weak ADP release (soon we'll be dropping the "private payrolls" figure, which remains the focus, once the rest of these pesky census workers are fired). The Saxo call (see a great report on the release here: is for a […]
• New York Session Recap September 2, 2010
  Risk continued to advance as U.S. stock markets extended yesterday's gains, however the dollar traded relatively flat. This morning saw initial jobless claims decrease to 472K from the prior week's 478K which was slightly better than the expectations of a 475K print. 2Q final nonfarm productivity softened to -1.8% from […]
• ECB Meeting: A Double Dip is Not on the Cards September 2, 2010
  As expected the ECB kept all its key interest rates unchanged. The ECB also decided that it will conduct its main refinancing operations (MROs) and its special-term refinancing operations with a maturity of one maintenance period as fixed-rate tender procedures with full allotment until at least the end of the […]
• Treading Water or Squeezing USD Shorts ahead of NFP? September 2, 2010
  Trichet was out putting everyone to sleep again today with nothing of particular note. There were tiny shifts on the comments on upside and downside risks, with discussion of downside risks countered by an upgrade to the projections for 2011 GDP growth (though the range was a still rather wide […]
• Afternoon Forex Overview September 2, 2010
  The euro ticked slightly higher against the dollar Thursday, finding support from a successful auction of Spanish government debt that was taken as another sign that concerns over euro-zone sovereign issues have faded to the background. The euro was steady after the European Central Bank early Thursday left key interest […]