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No one was expecting a decline in the Canadian unemployment rate to 8.5%, but the addition of 79,100 jobs in what was a remarkably quiet European session set the stage for the key U.S. reading at 8:30am ET. The huge addition by Canadian employers is absolutely out of the blue…

EUR/USD’s fall from 1.5140 accelerates to as low as 1.4975 so far in early US session. Intraday bias is on the downside as long as 1.5089 minor resistance holds. Break of 1.4970 will indicate that rise from 1.4828 has completed and in such case, deeper fall should be seen to…

Market sentiments are boosted sharply by much stronger than expected Non-Farm Payroll report which showed merely -11k contraction in the month of November comparing to expectation of -114k. Unemployment rate also dropped from 10.2% to 10.0%. The strong report boosts hope that the labor market in US is finally getting…

The cross was seen rallying higher on Thursday back above its Nov 12?09 high at 0.9064 invalidated on Wednesday to close at 0.9096.In early trading today, EURGBP was seen giving back most of its Thursday gains threatening the 0.9064 level again. A stability above there must be established to prevent…

The USD is trading mixed ahead of today’s release of US unemployment and nonfarm payrolls as equity markets trade sideways and metals and the price of crude oil drift lower, the US unemployment report is expected to show that nonfarm payroll losses have slowed and headline unemployment rate remains above…

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Overall, the currency market saw very little activity in Friday morning trade, as investors prepare for the NFP report. The major currencies might start moving after the labor market data hits the newswires, but this likely to impact for only for a limited period, since the global market will be…

Pessimism dominated the globe ahead of the U.S jobless report whereas expectations that the U.S have lost 125 thousand jobs in the month of November takes over investors? state of mind and managed to spread overall pessimism throughout global markets.

Cable has risen and is now testing the 61.8% retracement of the yesterday’s fall from 1.6721 to 1.6520 at 1.6644. If broken, it may rise towards 1.6744 during the US session. Today’s close above 1.6689 would still keep alive chances of a fall thereafter next week. However, if it manages…

We continue to hold on to our medium term bullish view on the pair while it holds above its LT rising trendline currently at 1.4926. However, EUR requires a break and hold above the 1.5062/1.5143 levels to resume the mentioned uptrend and bring further gains towards its May 08?08 low…