Where traders come together

US ISM Manufacturing Index Fell in September; Construction Spending Declined in August

US ISM Manufacturing Index Fell in September; Construction Spending Declined in August

Oct 1, 2014

Activity in the US manufacturing sector continued to expand solidly in September 2014, although the pace of growth slowed from the previous month as the ISM manufacturing index fell to 56.6 from 59.0 in August. Today's reading fell short of market expectations for a modest decline to 58.5 following...

USD/CAD – Steady on Mixed US Numbers

USD/CAD – Steady on Mixed US Numbers

Oct 1, 2014

USD/CAD has posted slight losses on Wednesday, as the pair continues to trade close to the 1.12 line. On the release front, US key data was a mix. ADP Nonfarm Payrolls rose 213 thousand, which was above expectations. However, ISM Manufacturing PMI dropped to 56.6 points. There are no...

USD/JPY – Yen Stable as Tanken Indices Mixed

USD/JPY – Yen Stable as Tanken Indices Mixed

Oct 1, 2014

The Japanese yen is flirting with the 110 line on Wednesday, as the Japanese currency remains under pressure. USD/JPY is currently at its highest level since August 2008, as the dollar is showing no signs of slowing down. September has not been kind to the yen, which has shed...

A Dollar Whiplash from Private Sector Jobs?

A Dollar Whiplash from Private Sector Jobs?

Oct 1, 2014

A new month and a new quarter should not be capable of changing things up too much. Both forex volume and volatility are not expected to ease off anytime soon as a hint of rate divergence brings with it a lot more opportunities. Hitting the half-way mark of a busy

Gold Remains Weak, Pressing On Support At $1200

Gold Remains Weak, Pressing On Support At $1200

Oct 1, 2014

Gold prices are showing little change on Wednesday, as the metal remains under pressure from the strong US dollar. In the European session, the spot price stands at $1208.93 per ounce. There are two key releases on the calendar – ADP Non-Farm Employment Change and ISM Manufacturing PMI. The...

ECB Preview: Will The ECB Herald Another Leg Lower For The EUR?

ECB Preview: Will The ECB Herald Another Leg Lower For The EUR?

Oct 1, 2014

This Thursday we get the monthly ECB meeting. After surprising us with those rate cuts and a program of asset-backed security (ABS) purchases (basically QE-lite) last month, we doubt the ECB will pull the trigger on more policy actions at this meeting. Without any new policy actions to hide...