Forex: GBP/USD extends losses below 1.5800

The GBP/USD dropped to the psychological level of 1.5800 after US data releases, and now is extending lower, currently at 1.5785 low, down by -0.45% on the day. NFP came in at 157K in January, against 160K consensus, and relative to 155K previously. ISM manufacturing PMI is due at 15:00 GMT, expected to move slightly higher, to 50.7.

The Unemployment Rate (January) was reported at 7.9%, against estimates calling for 7.8%.The US manufacturing PMI rose from 54.0 to 55.8 in January. ISM manufacturing PMI is due at 15:00 GMT, expected to move slightly higher, to 50.7.

Mataf.net analysts point to support at 1.5775, while previous supprts at 1.5800 and 1.5845 may now be seen as resistance.

Feb 1, 2013

Forex: EUR/USD eases to 1.3611 after US data, ISM PMI ahead

After digesting the quite disappointing US nonfarm payrolls report and higher unemployment rate, the EUR/USD is retracing most of the daily gains, capped at 1.3675 high, and on its way back to 1.3600 area.

American equity markets open positively Friday

The US Stock market experienced a positive opening Thursday, following the release of rather soft US data. In the US, the highly anticipated Nonfarm Payrolls came in at 157K in January, against expectations of 160K, and relative to 155K previously. In addition, the Unemployment Rate (January) was reported at 7.9%, against estimates calling for 7.8%.