Source: ForexYard
The euro was able to stage a recovery against several of its main currency rivals during overnight trading due to Greek polls that showed pro-austerity political parties making gains ahead of elections next month.
This week, traders will want to monitor a batch of news out of the US, including the all-important Non-Farm Payrolls figure on Friday. Any better than expected data could help the USD against the euro and Japanese yen.
Main News for the Week
Monday
• Bank holidays in US, France, Germany and Switzerland
Tuesday
• US CB Consumer Confidence-14:00 GMT
Wednesday
• Italian 10-y Bond Auction
• US Pending Home Sales-14:00 GMT
Thursday
• US ADP Non-Farm Employment Change-12:15 GMT
• US Prelim GDP-12:30 GMT
• US Unemployment Claims-12:30 GMT
• EU Irish Stability Treaty Vote
Friday
• UK Manufacturing PMI-08:30 GMT
• US Non-Farm Employment Change-12:30 GMT
• US Unemployment Rate-12:30 GMT
• US ISM Manufacturing PMI-14:00 GMT
Read more forex news on our forex blog
Forex Market Analysis provided by ForexYard.
© 2006 by FxYard Ltd
Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.
