Japanese yen is mixed in forex trading today as traders look for direction. Earlier, yen was higher against its counterparts, but now the currency seems to be pulling back — at least against the US dollar and the Great Britain pound. Yen still remains slightly higher than the euro.

The financial markets continue to fluctuate between confidence a

(eToro Blog) It was reported earlier by the U.S. Department of Labor that April’s private sector or non-farms payroll data showed only 115,000 new jobs were created, well below analysts’ prediction of 170,000. March’s data was upwardly revised to 154,000 new jobs, however. Unexpectedly, the unemployment rate fell t

(eToro Blog) Despite Wednesday’s disastrous ADP results which showed only 119,000 new private sector jobs had been created in April against expectations of 175,000, analysts haven’t revised down their forecast of today’s official outcome from the U.S. Bureau of Labor Statistics. In some cases, in fact, they’ve rai

(eToro Blog) In the U.S., a sizeable Wall Street rally precipitated by better than expected manufacturing data petered out on first Eurozone growth issues, then ADP’s disappointing employment report. At the end of the day, Wall Street closed mixed with only the NASDAQ able to pull marginally ahead. Investors will r

Euro is slipping right now, following the latest data that promotes the idea that global economic uncertainty remains. Concerns about the eurozone economy are affecting the euro, but the 17-nation currency was showing resilience — until the latest economic news out of the United States. Earlier risk appetite due to cautious optimism is transformi

The Great Britain pound fell today against the US dollar after a report showed that the UK services index fell more than was expected by market participants. The currency was higher against the Japanese yen.

The UK Services Purchasing Managers’ Index went down from 55.3 in March to 53.3 in April. The median forecast was 54.4. The data wasn’t all ba

There is a lot for Forex traders to consider today, and the result is a so-far mixed performance fort he US dollar. Greenback is down against the euro and the Canadian dollar right now, but higher against the UK pound and the Japanese yen. Economic data in the United States is taking a slightly positive turn, but there are still worries about the