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8 Mar 2014
Session recap: USD thrown back into the mix
FXStreet (Guatemala) - USD/JPY has been a mover yet again with this time being the US session bringing the glory to the dollar through Non Farm Payrolls surprising positively to the upside. The dollar has managed to claim back some lost ground against it's peers into the close of the week.
EUR/USD is finishing up nicely bid on the week reaching the weeks high on today’s business at 1.3916. The US economy added 175K jobs during February, surpassing forecasts at 149K and up from January’s 129K (revised from 113K).
USD/JPY took off onto the 103 handle again this week extending yesterdays rally to a high of 103.78 bringing in targets for 104.45 en route to the more important 105.45/50 recent high and long term Fibo.
GBP/USD was held up on EUR/GBP demand but still was equipped to manage a high of 1.6788 before the Non Farm Payrolls cut those gains down to size and took the pound back into territory of the 1.6720 daily support.
Main headlines
Non Farm Payrolls rising higher than expectations
Canadian Unemployment in-line 7%
US Consumer Credit Change rising $13.7B
EUR/USD is finishing up nicely bid on the week reaching the weeks high on today’s business at 1.3916. The US economy added 175K jobs during February, surpassing forecasts at 149K and up from January’s 129K (revised from 113K).
USD/JPY took off onto the 103 handle again this week extending yesterdays rally to a high of 103.78 bringing in targets for 104.45 en route to the more important 105.45/50 recent high and long term Fibo.
GBP/USD was held up on EUR/GBP demand but still was equipped to manage a high of 1.6788 before the Non Farm Payrolls cut those gains down to size and took the pound back into territory of the 1.6720 daily support.
Main headlines
Non Farm Payrolls rising higher than expectations
Canadian Unemployment in-line 7%
US Consumer Credit Change rising $13.7B