Daily F.X. Analysis, February 05 – Eyes on ADP Non-Farm Employment Change! 

On the forex front, the U.S. dollar strengthened for a second session as economic data released were better than expected. The Dollar Index gained 0.2% on the day to 97.95. Later today, January Automatic Data Processing (ADP) Employment Change (+158,000 private jobs expected), Markit U.S. Services Purchasing Managers Index (PMI, final reading, 53.2 expected), Institute […]

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Daily F.X. Analysis, February 03 – Manufacturing PMI under the Spotlight! 

On the forex front, the U.S. Dollar Index slid 0.5% on the day to a two-week low of 97.36. January Markit U.S. Manufacturing Purchasing Managers Index (PMI, final reading, 51.7 expected), Institute for Supply Management’s Manufacturing PMI (48.4 expected), construction spending (+0.5% on month expected), and total vehicle sales (16.8 million units expected) will be […]

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Daily F.X. Analysis, January 29 – FED Monetary Policy Decision on Ducket! 

The U.S. dollar was little changed despite stronger-than-expected U.S. economic data, as investors awaited the Fed’s interest-rate decision. The Dollar Index marked a day-high of 98.15 before easing back to close at 97.97, broadly unchanged from the prior session. The U.S. Federal Reserve will announce its interest-rate decision (expected to be unchanged at 1.50% – […]

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