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Cable has risen from the day’s low of 1.5953 and is now trading above 1.57. As mentioned earlier today’s close will have to be watched closely as it would play a significant role in the direction of move in the upcoming days/weeks. A close below 1.57 would turn the pair…

Canadian jobs numbers were very positive, printing at +43K, compared to -2K last month, with a reduction from 8.5% to 8.3% on the unemployment rate. The report sets the C$ as the only currency with a fundamental reason of Friday to move hard on its own accord.

With the pair sailing through its hammer/Feb01?10/2010 lows at 1.5849/30 to resume its weakness from the 1.6875 level and close lower at 1.5765 on Thursday, we envisage a likely break of the 1.5706 level, its Oct 13?09 low/range lows as GBP was seen following through lower in early trading today….

As a clearance of its two key supports at its YTD/July?09 lows at 1.3851/31 and the 1.3747/33 levels, its Jun 16?09 low/.50 retracement (1.2328-1.5143 rally) have been achieved, further downside weakness now targets its psycho level at 1.3600. A follow-through lower on its Thursday weakness continues to be seen pushing…

Leading indicators out of Japan were better than expected at 94.0% versus the forecast of 93.7% and prior reading of 90.7%, but the market was unaffected by the release.

The collapse in risk sentiment over the past 24 hours has been triggered by seemingly innocuous events, with most news agencies pointing to concerns of sovereign debt woes in Spain and Portugal adding to the well-publicized situation in Greece. Others have also highlighted yesterday?s disappointingly high US claims figures which…

Today’s release of US labour market statistics may present a good opportunity to sell Eur/Usd for those who either wish to add to positions or to get on board for the first time. Consensus expectation is for NFP to print at +15k, and for the headline unemployment rate to stay…

Dollar/Yen hesitant trading continued on the 1 hour chart. On Thursday the Dollar weakened against the Yen and fell from 91.06 to the 88.86 bottom, closing the day at 88.99. The descending is a continuation of the the big and wide downward channel seen on the 3 hour chart, staring…

After yesterday’s 5.9% drop, the Spanish stock market opened this morning with another sharp decline, but subsequently bounced from the lows. Generally, European bourses while down on the day are not extending their early falls. Similarly, USD/JPY dropped again shortly after the London open after an attempt to push higher…

The EUR/USD hit fresh 9-month lows below 1.3650 before consolidating. The CHF currency was steady in Europe for the most part after exhibiting volatility in Asia on SNB intervention rumors. ). EUR/CHF at 1.4692 ahead of the NY morning and higher by 50 pips from its Asian open.