| 3 Feb 2012 |
12:43 |
USD/MAJ - U.S. non-farm payrolls rose to 243K from 203K previously revised and better-than-expected 150K; U.S. private payrolls rose to 257k from 220K previously revised and better-than-expected 170K; U.S. unemployment rate m/m came in at 8.3% better-than-forecast and previous figure of 8.5%. |
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| 3 Feb 2012 |
12:32 |
USD/CAD - 1.0016. Canadian Jan unemployment rate is reported at 7.6%, higher than a forecast and previous reading of 7.5%. |
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| 3 Feb 2012 |
11:45 |
EUR/USD - 1.3162 ... EU sources said eurozone governments may have to provide up to 145 bln euros to Greece under second assistance package. The extra funds are mainly needed to recapitalise Greek banking sector after private sector debt restructuring.
The single currency retreated fm intra-day high of 1.3186 after the news, however, trading is relatively thin ahead of the release of the important U.S. jobs report. Some offers are tipped at 1.3180/85 n further out at 1.3195 with stops seen abv 1.3200 n 1.3220. On the downside, bids are located at 1.3125/30 n 1.3090/00. |
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| 3 Feb 2012 |
10:43 |
EUR/USD - 1.3180.. Euro is making broad-based gain in Europe after initial pullback fm 1.3156 to 1.3125, lack of follow-through selling prompted short-covering. A wave of buying reported out of the Middle East helped the single ccy to ratchet higher n price is currently making an attempt to aborb heavy offers at 1.3185/95 region, a break there wud bode well for further headway abv 1.3200 where more selling interest is tipped at 1.3210/20.
The fact that euro is heading higher b4 NFP, this suggests market is loading up the pair in anticipation of a weak number perhaps ? |
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| 3 Feb 2012 |
10:02 |
EUR/USD - 1.3170. EU retail sales m/m came in worse-than-expected at -0.4% compared with 0.3% expected and -0.4% prior month revised; EU retail sales y/y came in worse-than-expected at -1.6% compared with -1.3% expected and -1.5% prior month revised. |
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| 3 Feb 2012 |
09:37 |
GBP/USD - 1.5846.. Cable rises in London trading as release of stronger-than-expected UK services PMI at 56.0 vs estimate of 53.5 prompted renewed broad-based buying of sterling.
A mixture of offers n stops is seen near 1.5860 where a firm break there wud send the pound back twd Wed's high at 1.5884. Bids have been raised to 1.5830-20, suggesting buying cable is the way to go ahead of NY open. |
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| 3 Feb 2012 |
09:28 |
GBP/USD - 1.5833. UK Jan Services PMI came in at 56.0 better-than-expected 53.5 and prior month figure of 54.0. |
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| 3 Feb 2012 |
08:59 |
EUR/USD - 1.3149...Breaking news fm Reuters citing ECB's Carlos Costa who says 'Systematic risk is affecting euro area and threatens single currency; Important steps taken in last few months, failure is not an option; Portuguese banks have shown remarkable resilience during crisis.' |
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| 3 Feb 2012 |
08:58 |
EUR/USD - 1.3148. EU Jan Services PMI came in at 50.4 worse-than-expected and prior month figure of 50.5. |
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| 3 Feb 2012 |
08:54 |
EUR/USD - 1.3148. German Jan Services PMI came in at 53.7 worse-than-expected and prior month figure of 54.5. |
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| 3 Feb 2012 |
08:32 |
EUR/USD - 1.3138... Breaking news fm Reuters citing Greek FinMin Evangelos Venizelos who says 'Greece sees its 2011 budget deficit at 9.1-9.4% GDP, slightly smaller than previous estimate.' |
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| 3 Feb 2012 |
07:36 |
USD/JPY - 76.18 ... Breaking news fm Reuters quoting comments fm IMF's Deputy Managing Director Naoyuki Shinohara who says 'Japan likely to continue to take appropriate action against excessive forex moves, including intervention; BoJ could implement additional easing steps if economic risks materialise; Japan likely to see trade surplus this year but fall back to deficit mid-decade; Japan unlikely to post a current account deficit in the near-term; a loss of market trust in Japan gov't bonds would have a massive impact; talks on boosting IMF firepower need to proceed at the same time as talks to boost euro zone firewall.' |
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| 3 Feb 2012 |
06:57 |
EUR/USD - 1.3141 ... Despite y'day's volatile movements in euro inside 1.3086-1.3197 range, the single currency traded relatively narrowly ahead of U.S. jobs data that may offer more clues on the health of the world's top economy. Some offers are tipped at 1.3150 n 1.3170-90 with stops seen abv 1.3200. On the downside, bids are noted at 1.3115/20 n 1.3100 with stop seen at 1.3080.
U.S. non-farm payrolls is expected to come in at 150,000 at 13:30GMT. Britain's FTSE 100, Germany's DAX and France's CAC-40 are expected to open flat or slightly lower, following the decline in Asian equities. |
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| 3 Feb 2012 |
05:09 |
USD/JPY - 76.19... Breaking news fm Reuters quoting comments fm IMF's Deputy Managing Director Naoyuki Shinohara who says 'Japan must set long-term path for sustainable public finances; Japan gov't bonds stable now but need to watch their correlation with US, European bonds.' |
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| 3 Feb 2012 |
04:24 |
EUR/USD - 1.3125.. Euro trades sideways in post Tokyo lunch session, having bounced fm Asian morning low of 1.3115 to 1.3137 with offers remain at 1.3175/80 whilst initials bids are seen at 1.3105/00 n more at 1.3095/90.
A batch of eurozone econ. data will be released today, starting with Italy Jan services PMI at 08:43GMT, France Jan services PMI at 08:48GMT n then German Jan services PMI at 08:53GMT followed by eurozone Jan services PMI at 08:58GMT. Forecasts are for the readings of 45.1 (Italy), 51.7 (France), 54.5 (Germany) n 50.5 (EU). Eurozone retail sales for Dec is due out at 10:00GMT n street estimate is an increase of 0.3% M/M n a decline of 1.3% Y/Y. Any upside surprise fm the data wud boost risk sentiment n euro may try its fourth attempt to take out heavy offers at 1.3195/00, however, last Friday's 6-week high at 1.3235 shud hold ahead of key US non-farm payroll figure. |
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