| EUR/USD: Trading the Change in U.S. Non-Farm Payrolls (Daily FX) U.S. employment is expected to fall at a slower pace throughout the second-half of the year, with economists forecasting non-farm payrolls to drop 230K in August, and speculation for an economic recovery later this year may drive the exchange rate higher as policy makers hold an improved outlook for future growth. us.rd.yahoo.com |
Euro Down Ahead of Trade Data, Markets to Gauge Currency Impact on Exports (Euro Open) (Daily FX) The Euro traded lower against the US Dollar ahead of a report that is expected to show that the Euro Zone trade surplus shrank for the first time since May as the single currency approaches the 1.50 level against the US Dollar, threatening exporters and policymakers alike. us.rd.yahoo.com |
Chinese trade official plays down talk of yuan shift (Reuters) Chinese Vice Commerce Minister Chen Jian on Sunday played down talk of a shift in the central bank's currency policy as well as mounting expectations of a rise in the yuan's exchange rate. us.rd.yahoo.com |
USD/JPY Classical (Daily FX) USD/JPY: Despite the latest bounce, the pair still remains confined to a very strong downtrend and any rallies are seen limited, in favor of a bearish resumption. Look for any additional rallies to stall out ahead of 92.00, with only a break and close back above 92.35 to delay outlook and give reason for re-think. us.rd.yahoo.com |
Upbeat US news helps turn around market gloom (AP) European and U.S. stock markets rose Tuesday after upbeat U.S. corporate earnings and a stronger than anticipated consumer confidence survey offset worries that had gripped investors earlier in the day. us.rd.yahoo.com |