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US April non-farm payrolls beat estimates- USD/JPY spikes higher despite revision
The details of the April US jobs report has just this minute hit the screens. Non-farm payrolls were expected to rise by 138k last month, after rising by 228k in March. They have actually risen by 177k . The unemployment rate was forecast to remain unchanged, at 4.2%. That is the case. The USD/JPY was close to session lows (144.37) leading into this report, trading around 144.45 as the data broke. The immediate reaction to this has seen the USD/JPY spike higher rising back towards 145. It is right now at 144.75
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Dollar continues to weaken leading into the 4pm London Fix- EUR/USD straddles 1.1150
The dollar has continue to weaken this afternoon. The GBP/USD is still battling to overcome 1.3250 and the USD/JPY has so far rejected any lasting... -
US stocks mixed in early trading- Dow Jones still in the red
The US stock markets have been open for around 20 minutes now and so far it has been an early session of mixed fortunes. The Dow Jones is still in the... -
GBP/USD making some progress now towards 1.3250
Following on from the previous update looking at the price action in the EUR/USD we see the GBP/USD has charted a slightly steadier route higher...
