FxPremiere Forex Signals USD/CAD weekly outlook 9th 2015

Forex Signals USD/CAD weekly outlook February 9th 2015 FxPremiere.com The Canadian dollar dropped vs the U.S. dollar as Canadian employment report was overshadowed by U.S. jobs growth. FxPremiere Forex signals sent today for eurusd gbpusd usdjpy usdchf and many more.

The Labor Department reported that the U.S. economy added 258,000 jobs in January 2015 far more than forecast by economists.

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USD/CAD hit highs of 1.2549 following the data and was at 1.2525 in late trade, up 0.74% for the day ahead in the forex signals market of capital market movements.

FxPremiere.com The Australian dollar changed vs its U.S. counterpart after a robust U.S. report for Jan reinforced expectations.

The Labor Department reported that the U.S. economy in January far more than the forecasted by economists. December’s figure was revised to 328,000 from a previously 253k.

AUD/USD hit a session low of 0.7777 following the jobs data from a high of 0.7878 earlier before consolidating at 0.7798 by close of trading session up 0.05% for the day and 0.38% higher.

The Aussie dropped to 0.7653 vs the greenback where the pairs lowest since 2009 after bank of Australia cut interest rates to low 2.27% from 2.53%, citing an local currency.

At the conclusion of RBA Governor Mr Glenn Stevens. In the week ahead investors awaited U.S. data on retail sales with jobless claims and Friday’s report on sentiment for indications on the strength of the economy. Forex Signals today.

Speeches by RBA Governor Glenn Stevens will also be in focus as well as key Australian employment data.

Over the weekend, China reported a trade surplus of $60.0 billion in January, compared to expectations for $48.9 billion and up from a surplus of $49.6 in December.

Exports slumped 3.3% from a year earlier last month, missing expectations for a 6.3% increase, while imports tumbled 19.9%, much worse than forecasts for a decline of 3.0%.

The Asian nation is Australias largest trade partner.

Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.

Unemployment rate ticked up to 5.9% last month from December’s 5.9% hourly earnings and the participation rate both saw increases.

The safe-haven greenback received an additional boost after agency Standard and Poor’s Greece Friday warned time is running out for Athens