********************************************************** Market Review - 03/07/2008 21:49 GMT The greenback rallies broadly after jobs data The greenback rose broadly on Thursday after the non-farm payrolls data suggested the U.S. job market and economy are not as dire as economists had feared, while ECB president Jean-Claude Trichet gave a less aggressive tone on prospects for further interest rate hikes in the eurozone. The greenback started to rise after
- Forex: It looks like today's USD rebound is already running out of steam, with the USD index now approaching a key resistance level at 72.88 (38.2% fibo retracement of the 74.31/72.00 move). Others point out that the 100-day MA for the USD index is seen at 72.96, limiting the greenback's near-term upside in holiday-thinned trade. USD/JPY traded in a tight 20pip range, with traders hearing chatter of Eastern European and Asian sellers ahead of 107. According to the Nikkei business daily,
-------------------------------------------------------- INTRA-DAY GBP/USD OUTLOOK : 1.9943 Updating time : 02 Jul 2008 02:31 GMT Cable's nr term sideways trading is likely to continue until European opening n as long as o/n 1.9906 sup holds, consolidation with mild upside bias remains for a rebound to 1.9976 but break is needed to signal pullback fm 2.0008 is over. Still favour buying cable on
More than 6,000 jobs are likely on the chopping block as the nation's biggest airline tries to survive record high fuel costs.
The DailyFX Carry Trade Index was practically unmoved from last week after heavy event risk failed to generate direction for the yield strategy. In fact,...
