News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.57%, while traders in France 40 are at opposite extremes with 71.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/DpuFUPtd1u
  • Heads Up:🇮🇹 Retail Sales MoM (OCT) due at 09:00 GMT (15min) Previous: -0.8% https://www.dailyfx.com/economic-calendar#2020-12-04
  • Heads Up:🇨🇿 Unemployment Rate (NOV) due at 09:00 GMT (15min) Actual: 3.8% Expected: 3.8% Previous: 3.7% https://www.dailyfx.com/economic-calendar#2020-12-04
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.79% Silver: 0.72% Gold: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/YeN5uOchic
  • Brush up your knowledge on #tradewars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/ZWaL6laTU5 https://t.co/i2X7EA6i10
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.12% 🇬🇧GBP: 0.09% 🇨🇦CAD: 0.05% 🇯🇵JPY: -0.10% 🇦🇺AUD: -0.12% 🇳🇿NZD: -0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/iCnrKCNJSS
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.45% US 500: 0.14% Wall Street: 0.08% France 40: -0.06% Germany 30: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/RYDTcaLllr
  • EU Stoxx 50 Index at Risk on Vaccine Hiccup, #ECB Tempering Expectations - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2020/12/04/EU-Stoxx-50-Index-at-Risk-on-Vaccine-Hiccup-ECB-Tempering-Expectations.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr #EUStoxx50 $FESX $EUSTX https://t.co/s6k95MXei5
  • Heads Up:🇨🇿 Unemployment Rate (NOV) due at 08:00 GMT (15min) Expected: 3.8% Previous: 3.7% https://www.dailyfx.com/economic-calendar#2020-12-04
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4CnobJCss https://t.co/II37qTqX0K
Australian Dollar and Euro Fall After December Nonfarm Payroll Report

Australian Dollar and Euro Fall After December Nonfarm Payroll Report

2012-01-06 15:00:00
Tzu-Wen Chen, Technical Strategist
Share:

THE TAKEAWAY: [U.S. Economy Adds 200K Jobs] > [QE3 Likelihood Decreases] > [AUD/USD, EUR/USD Bearish]

The U.S. labor market report for December was stronger than expected as nonfarm payroll employment increased by 200,000, up from the forecasted 155,000. The unemployment rate fell 0.2 percent to 8.5 percent, the lowest rate since February 2009. The market’s reaction to the latest release was mixed, with a sharp gain in the Australian Dollar while the Euro dropped against the U.S. Dollar. This initial reaction was followed by a correction within minutes.

AUD/USD 1-minute Chart: January 6, 2012

Australian_Dollar_and_Euro_Fall_After_December_NonFarm_Payroll_Report_body_Picture_11.png, Australian Dollar and Euro Fall After December Nonfarm Payroll Report

Charts created using Strategy Trader Prepared by Tzu-Wen Chen

The market’s reaction to the latest labor figures was mixed, as the AUD/USD pair jumped almost 30-pips to the upside, while the EUR/USD pair dropped almost 25-pips. As the market participants digested the data, it became clear that the stronger-than-expected employment figures would weigh on future quantitative easing prospects (no more quantitative easing equates to a strong U.S. Dollar). If the Federal Reserve’s employment gauge is improving and inflation is stable, there would be no legitimate reason to intervene further in the markets.

EUR/USD 1-minute Chart: January 6, 2012

Australian_Dollar_and_Euro_Fall_After_December_NonFarm_Payroll_Report_body_Picture_14.png, Australian Dollar and Euro Fall After December Nonfarm Payroll Report

Charts created using Strategy Trader Prepared by Tzu-Wen Chen

After the initial market reaction, the Australian Dollar saw a correction but continued to trade slightly above prices seen before the release of the NFP report. The Euro also rebounded, but remained below the day’s earlier trading prices, reaching lower lows as Euro-zone uncertainty continues to develop.

--- Written by Tzu-Wen Chen, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES