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USD/JPY slips after US February ADP payroll misses forecasts
The February ADP, privately sourced monthly payroll report has now been released. The markets were generally forecasting a rise of 150k last month, up from the 107k gain seen in January. The actual number has just been released at 140k. So, that is just shy of forecasts, but massively so. However, the immediate reaction in the dollar has seen it fall back versus the Yen. The earlier rebound high this morning was set at around 149.80. The USD/JPY is currently trading at 149.55
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It is looking like another record close for the DAX today
As the European close draws nearer this afternoon, it is again the DAX that is shining the most. The index has not long ago pushed to set another all...
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Gold edges lower towards a test of trend line support at $2,637
Earlier today an update here noted the levels in gold, with the 50 day moving average capping the topside above $2,668 and an upward trend line coming...
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EUR/USD pushing closer to 1.06 this afternoon
The noted break above the 1.0550 level in the EUR/USD this afternoon has now delivered further upside. At the same time the GBP/USD has done as...
