Back
6 Mar 2013
Session Recap: USD continues firm ahead the crucial days
The USD continues trading higher against its major competitors and after a quiet session in the Forex market, the EUR/USD has fallen below the 1.3000 frontier. Currently the EUR/USD is 0.45% negative on the day.
A stronger-than-expected ADP employment report, which highlights improvement in the labor market ahead of the NFP on Friday, fueled Dollar sentiment. The GBP/USD is in its way to test the 1.5000 level, the USD/JPY has risen above the 94.00 resistance and the AUD/USD fell to 1.0230.
Later on the day, the Beige Book highlighted once more that the US economy is growing at a moderate to modest pace, mainly propped up by the housing sector.
Main Headlines in America (in chronological order):
">US: ADP Employment Change fell to 198K in February
">Commodities Brief – Precious metals trade sideways after upbeat US data, crude oil surrenders earlier gains but holds above 90.00
">Forex: EUR/USD dropping further after surprising US ADP
">Session Recap: USD gains across the board
">Canada: BoC keeps policy unchanged, rate at 1%
">American equity markets edge higher Wednesday
">Forex: USD/CAD soars after BoC
">Canada: Ivey PMI drops to 51.1 in February
">US: Factory Orders falls -2.0% in January
">Forex: EUR/USD gets below 1.3000 after US factory orders
">Forex: USD/JPY going higher on US session
">Forex: GBP/USD extends losses below 1.5100
">Euro falters ahead of ECB announcement
">Forex: AUD/USD erases daily gains
">Forex: GBP/USD extends decline towards 1.5000
">Forex: EUR/USD finds support at 1.2980
">US markets trading mixed, dollar firmly up
">USD muted after Fed’s Beige Book
">Fed's Beige Book sees modest improvements in labor market conditions
">Forex: USD/JPY climbs above 94.00
A stronger-than-expected ADP employment report, which highlights improvement in the labor market ahead of the NFP on Friday, fueled Dollar sentiment. The GBP/USD is in its way to test the 1.5000 level, the USD/JPY has risen above the 94.00 resistance and the AUD/USD fell to 1.0230.
Later on the day, the Beige Book highlighted once more that the US economy is growing at a moderate to modest pace, mainly propped up by the housing sector.
Main Headlines in America (in chronological order):
">US: ADP Employment Change fell to 198K in February
">Commodities Brief – Precious metals trade sideways after upbeat US data, crude oil surrenders earlier gains but holds above 90.00
">Forex: EUR/USD dropping further after surprising US ADP
">Session Recap: USD gains across the board
">Canada: BoC keeps policy unchanged, rate at 1%
">American equity markets edge higher Wednesday
">Forex: USD/CAD soars after BoC
">Canada: Ivey PMI drops to 51.1 in February
">US: Factory Orders falls -2.0% in January
">Forex: EUR/USD gets below 1.3000 after US factory orders
">Forex: USD/JPY going higher on US session
">Forex: GBP/USD extends losses below 1.5100
">Euro falters ahead of ECB announcement
">Forex: AUD/USD erases daily gains
">Forex: GBP/USD extends decline towards 1.5000
">Forex: EUR/USD finds support at 1.2980
">US markets trading mixed, dollar firmly up
">USD muted after Fed’s Beige Book
">Fed's Beige Book sees modest improvements in labor market conditions
">Forex: USD/JPY climbs above 94.00