2. Forex- U.S. dollar edges lower on delayed Fed rate hike outlook.
Forex- U.S. dollar holds steady against euro, yen in quiet trade.
Forex- Euro pushes higher against dollar, yen on Greece hopes.
.
GBP/USD hit highs of 1.4945 immediately following the release of the data and was last up
0.62% at 1.4919.The dollar fell against the pound on Friday after an unexpectedly weak U.S.
nonfarm payrolls report reduced market expectations for a midyear rate hike by the Federal
Reserve. The Labor Department reported that the U.S. economy added 126,000 new jobs in
March, less than half of February’s gain and the smallest increase since December 2013.
Economists had forecast jobs growth of 245,000 last month. February’s figure was revised down
to 264,000 from 295,000. The unemployment rate remained unchanged at a six-and-a-half year
lows of 5.5%, in line with forecasts.
EUR/USD was up 0.1% to 1.0982 during European morning hours, extending strong gains from
the previous session. The euro pushed higher against the U.S. dollar and the yen on Monday,
amid hopes that Greece will repay the International Monetary Fund on time. The U.S. dollar in-
dex, which measures the greenback’s strength against a trade-weighted basket of six major
currencies, was up 0.02% to 96.86.The Labor Department reported Friday that the U.S. econ-
omy added 126,000 new jobs in March, the smallest increase since December 2013. Econo-
mists had forecast jobs growth of 245,000 last month.
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Iforex Market Insight
Date:07-Apr
INTERNATIONAL CURRENCY BUZZ
GBP/USD
EUR/USD
3. Iforex Market Insight
Date:07-Apr
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Tuesday, April 7, 2015
All Day Holiday Hong Kong - The day following Easter Monday
07:00 AUD Retail Sales (MoM) (Feb) 0.4% 0.4%
10:00 AUD Interest Rate Decision (Apr) 2.25% 2.25%
10:00 AUD RBA Rate Statement
11:00 INR Interest Rate Decision 7.50% 7.50%
12:45 EUR Spanish Services PMI (Mar) 56.5 56.2
13:15 EUR Italian Services PMI (Mar) 51.1 50.0
13:20 EUR French Services PMI (Mar) 52.8 52.8
13:25 EUR German Services PMI (Mar) 55.3 55.3
13:30 EUR Market Composite PMI (Mar) 54.1 54.1
13:30 EUR Services PMI (Mar) 54.3 54.3
14:00 GBP Services PMI (Mar) 57.0 56.7
18:20 USD FOMC Member Kocherlakota Speaks
19:30 USD JOLTs Job Openings (Feb) 5.010M 4.998M
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