This Author's Website is
As is normal on the morning of NFP Friday, trading was subdued during the Asian session. Stronger Asian regional indices gave the markets a slightly bullish tone with the Hang Seng up 0.94%. After yesterday’s choppy trading, EURUSD has been ranging between 1.4320 and 1.4370 however, there is mounting pressurehttp://feeds.actionforex.com/~r/ActionForexall/~3/kKVNLjj_jQg/
On Thursday Dollar/Yen increased with 60 pips, not matching the negative Interbank sentiment at bellow -79%. The currency couple appreciated from 80.79 to 81.41 yesterday, closing the day at 81.23. This morning the Dollar is trading quietly against the Yen, with movements within yesterday’s range for now. On the 1http://feeds.actionforex.com/~r/ActionForexall/~3/NZ57RISRFzA/
Despite intra-day brief bounce, as the single currency has retreated sharply after faltering below yesterday’s high of 1.4375, suggesting caution on our long position entered at 1.4280 and 1.4245-50 needs to hold to retain bullishness for another rebound later today. Above the Tenkan-Sen (now at 1.4313) would bring test ofhttp://feeds.actionforex.com/~r/ActionForexall/~3/usAYhKDStsw/
The market continues to trade with a mixed sentiment, with European equities bouncing higher ahead of the infamous jobs report from the United States, while currencies are trading softer versus the dollar despite the early fundamental load from Europe.http://feeds.actionforex.com/~r/ActionForexall/~3/48e0_xdAspM/
The net result was a well priced in 25bps rate hike from the central bank, what however, wasn’t really on the agenda of anyone tuning into the press conference was the fact that the ECB would effectively wipe the slate clean for Portugal by announcing that they have decided tohttp://feeds.actionforex.com/~r/ActionForexall/~3/LGISuHGcOOY/