Daily Archives: July 2, 2012

US ISM and NFP Friday In Focus For Currency Markets

Posted on July 2, 2012 by

The USD suffered on Friday as the market welcomed progress from the EU Summit. But it’s unclear whether the positive tone can be sustained, and if the market really believes the plans announced. A small decline is expected in manufacturing … Continue reading →

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EUR/USD Currency Pair Highly Resists 1.27

Posted on July 2, 2012 by

EUR/USD rallied on Friday but failed to test the 1.27 level. Market sentiment was spurred by the announcement from the EU Summit, which was better than expected. While there was a lack of details there looks to be real progress … Continue reading →

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Bank Of England Likely To Do QE – British Pound Weakness To Follow

Posted on July 2, 2012 by

While GBP made gains vs USD, GBP continued to under perform the EUR. Manufacturing PMI declined to the lowest level since 2009 last month, and will be a focus for sterling today. The market is expecting a slight rebound but … Continue reading →

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