Forex market analysis

Euro Falls on Disappointing News

Euro banknotes rolled up Euro is lower today, thanks to disappointing news coming out of the eurozone. The 17-nation currency is pulling back on falling retail sales and a disappointing bond auction in Portugal. Even the general enthusiasm experienced by financial markets at the latest US jobs data isn’t helping the euro right now.

Euro is down on the Forex market with t

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Ruble Decline After Bank Rossii Keeps Rates Unchanged

Some Russian ruble banknotes The Russian slid today as Russia’s central bank kept its main interest rates unchanged and crude oil, the main nation’s export, traded near the lowest level in six months.

Bank Rossii left its key refinancing rate at the same level today. The bank said in the statement:

The decision was supported by the assessment of inflation risks and risks of e

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U.S. Labor Data Beats Forecasts, Unemployment Rate Falls Again

U.S. Labor Data Beats Forecasts, Unemployment Rate Falls AgainFebruary 3rd, 5:02 pm by Barbara Zigah

U.S. Labor Data Beats Forecasts, Unemployment Rate Falls Again (eToro Blog)The U.S. Bureau of Labor Statistics reported earlier that January’s non-farms payroll data showed the creation of 243,000 new jobs. Analysts polled ahead of the release were forecasting an increase of only 150,000 new jobs. December’s data was revised to 203,000 new jobs. Notably, the unemployment

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Services PMI Eases Concerns About UK Economy, Pound Gains

20-pound banknotes The Great Britain pound gained today after a report showed that UK service industries advanced last month, easing concerns about recession of Britain’s economy and making the sterling again viable haven from Europe’s crisis.

The Markit/CIPS UK Services PMI rose from 54.0 to 56.0 in January from December. Service sectors demonstrated the strongest g

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OpenBook Traders Jockey for Position as NFP Looms

OpenBook Traders Jockey for Position as NFP LoomsFebruary 3rd, 12:54 pm by Barbara Zigah

OpenBook Traders Jockey for Position as NFP Looms (eToro Blog) The U.S. government will later today release data for January’s non-farms payroll sector. The ADP report released on Wednesday showed that 170,000 new jobs were created against expectations of 185,000 and a marked decline from 325,000 in December. Given that, analysts are expecting that the B

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OpenBook traders pay attention to Japan’s Azumi

February 3rd, 11:57 am by Sam

(eToro Blog) Japanese Finance Minister Jun Azumi warned markets today over the strengthening of the Yen as the USDJPY trades dangerously near 76.00. Azumi said that the current environment of low interest rates in the U.S. is pushing speculators to short the USDJPY. He said that the rise in the Yen was one sided and

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USD Gains vs. EUR GBP on Positive Outlook for US Economy, Retreats

Focus on hundred dollars The US dollar rose yesterday against the euro and the Great Britain pound on positive macroeconomic data from the United State and comments of Federal Reserve Chairman Ben Bernanke, but was somewhat weaker today. The currency was flat versus the Japanese yen today, as well as yesterday.

US jobless claims fell from 379,000 to 367,000 jobs last

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