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Thursday, September 2, 2010

FX Briefing

The USD/JPY pair is yet to break out of its trading range established during the last 2 sessions between 84.00-to about 84.50. I'm still waiting for an entry around 83.75. I expect Non-Farm Payrolls to drive the pair lower in early trading tomorrow morning.

On another note, the EUR/USD pair is up marginally sitting at 1.2815. I'm looking for a rally to the 1.2950 levels before I get long. The Dollar Index is flat on the session pairing early morning declines.



'The US Dollar Index includes the exchange rates of the following six currencies: euro (EUR), Japenese yen (JPY), Pound sterling (GBP), Canadian dollar (CAN), Swedish krona (SEK), and Swiss franc (CHF).'

Investor Glossary.com



The table comes courtesy of Interactive Brokers


Patrick M. Ambrus
Analyze Capital LLC
Twitter: AnalyzeCapital
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