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Friday, 02 October 2015 - Market Commentary
Daily currency news provided by UkForex

: GBP/USD recovered off of the 1.5150 level yesterday and pushed slowly north throughout the day, reaching a high of 1.5180. Some solid offers in EUR/GBP as European manufacturing data printed shy of expectations and very slightly better than expected UK Manufacturing PMI supported this move. As the day went on though the dollar got stronger, helped in part by the recovery in stocks, and GBP/USD drifted lower again. The pair fell back to 1.5128 and hasn’t budged much from this level overnight, opening this morning at 1.5150. It’s not surprising the range has been so steady in the run up to today’s much anticipated Non-Farm Payrolls from the States. The data has the potential to re-define the market’s expectations for Fed lift-off and will be watched closely to see if August’s weak number was just a one off or more of a worrying trend in the US jobs market. The data is due for release at 1:30pm.
We expect a range today in the GBP/USD rate of 1.5040 to 1.5250
: Weaker than expected European manufacturing PMIs saw EUR/USD get off to a bad start yesterday. Later in the day and following the release of below forecast ISM Manufacturing PMI from the US the pair bounced by 40-50 points and EUR/USD traded to a high of 1.1210. It’s slipped back a little since but overall the range has been steady in advance of the US jobs numbers this afternoon. Meanwhile, GBP/EUR holds on to its recent gains (made around mid-week) and trades at 1.3560 currently.
We expect a range today in the GBP/EUR rate of 1.3500 to 1.3640
⇒ view full report Charts : EUR/USD EUR/AUD EUR/JPY EUR/CHF EUR/CAD EUR/CNY
: AUD/USD has strengthened overnight, helped by an improvement in regional stocks. It was also bid higher following the release of Australian retail sales data from overnight, although it did only print in line with expectations. NZD/USD fell over the same period but not by much as investors await the release of today’s US jobs numbers. GBP/NZD is little changed from this time yesterday and opens in London at 2.3625 but GBP/AUD is a bit lower and trades at 2.1515 currently.
We expect a range today in the GBP/AUD rate of 2.1420 to 2.1650
We expect a range today in the GBP/NZD rate of 2.3500 to 2.3760
⇒ view full report
Data releases:
Retails Sales m/m
Bank Holiday
Spanish Unemployment Change, PPI m/m
Construction PMI
Household Spending y/y, Unemployment Rate, Monetary Base y/y
⇒ view full report Charts : USD/EUR EUR/USD USD/JPY

BER Notebook - FX Market Research & Currency News/Views from our Partners See more >>

OzForex Research
Major Currency Pair Movements Last Week: EUR/USD - Extended its previous week’s gains. USD/JPY - Lost ground last week. GBP/USD - Extended its previous week’s gains. AUD/USD - Extended its previous week’s losses. USD/CAD - Gained ground last week. NZD/USD - Gained ground last week. Continue reading
Posted on 7 September 2015 | 8:01 am
TorFX Research Team
Protect your International Currency Transfer from Events like ‘Black Monday’ with Risk Management Strategies Just as financial markets began to recover from months of ‘Grexit’ fears and investors started focusing on rate hike speculation again, there was another asset-shaking shift in the form of ‘Black Monday’. The state of China’s economy and the slowing pace… Continue reading
Posted on 27 August 2015 | 4:45 am
BER Team
Heavy selling in financial markets saw the AUDUSD fall more than 2% overnight as global financial markets experienced heavy selling. The steep losses in Chinese markets yesterday were the main driver of the Aussie’s fall as equity markets around the globe collapsed. The largest losses were against the lowest-yielding currencies like the euro and Japanese… Continue reading
Posted on 24 August 2015 | 4:04 pm
BER Team
Two charts that show the woe for emerging market currencies despite a pause in the devaluation of the renminbi, the cause of turmoil across global currencies. The implications — among them a more troubled Chinese economy than previously thought, deflationary strains in western countries and falling equity stocks — are being felt mostly by China’s… Continue reading
Posted on 24 August 2015 | 9:24 am
OzForex Research
Major Currency Pair Movements Last Week: EUR/USD - Extended its previous week’s gains. USD/JPY - Lost ground last week. GBP/USD - Extended its previous week’s gains. AUD/USD - Extended its previous week’s losses. USD/CAD - Gained ground last week. NZD/USD - Gained ground last week. Continue reading
Posted on 24 August 2015 | 9:15 am

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