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The labor sector continues to be on the receiving end of the credit crunch, where employers persist on shedding more employees and trim off the working force, in order to reduce operational costs and survive the challenging economical conditions in the world?s leading economy; the ADP report released today, showed…

The dollar is undergoing somewhat of a reprieve midweek ahead of key labor market data this morning and later in the week in what could be further signs of thawing job market pressures. Intuitively these could signal further gains in risk appetite and more dollar losses. But today’s dollar strength…

The USD is trading mixed to slightly lower against the majors with the JPY pressured by a statement from Japan’s PM Hatoyama that JPY strength can’t be left as it is, his comments suggest that Japan is prepared to take action to stop the JPY rise, GBP trades higher supported…

Overall, the pound and the yen were the only two major pairs that moved throughout the overnight session, while all of the other currencies traded flat. This could have been caused by the flat cash and futures equity markets, and by the fact that the major pairs are currently swinging…

There will be several important announcements at the ECB’s meeting Thursday. While the main refinancing rate will be kept at 1%, the central bank will announce adjustments in the refinancing operations. The ECB staff will also publish economic forecasts which should have been upgraded.

The ECB to leave the refinancing rate unchanged at the Governing Council meeting on Thursday. Trichet will also reiterate that “current rates remain appropriate” and will not signal any rate hikes for the near future. The monetary analysis will not be particularly comforting for the ECB as monthly loans flow…

At his November 5 press conference, ECB president Trichet clearly hinted that the ECB was contemplating its exit strategy for its non-conventional policy measures and suggested it would present its conclusions after its December meeting. He also strongly hinted that the ECB will not offer any further special 12 month…

Trading session will commence with the announcement of the ADP report for the month of November where it is expected to show that the private sector in the United States shed lesser jobs than the previous reported month, which showed that the private sector shed 203 thousand jobs whereas expectations…

Cable has risen beyond the trendline Resistance that we have been eyeing. The trend has been bearish since mid-November with sudden surprising surges in between. If this is one of those spurts, then the immediate Resistance at 1.6680-90 would be honoured bringing the pair down towards 1.64 during the next…

* Times listed are GMT