The Euro is trading at 1.2398 at present. This is 9 pips off of the daily high at 1.2407. The low has been 1.2367. German Industrial Production was lower than expected and posted a 1.4% increase instead of the forecast 2.1% increase. The German Trade Balance beat expectations to register a surplus of 18.5 billion when a 18.3 billion surplus was expected. France then released their Industrial Production number which was 0.0% but still an improvement on expectations which were for a decrease of 0.1%. The French Trade Balance was also an improvement on expectations even though it was still a deficit of 4.7 billion. Expectations were for -5.2 billion. This data did not encourage the Euro lower and the currency remains holding around levels nearer to the upside of today’s range. The US employment data is out later this morning. Should this data prove favorable, the Euro will certainly come under pressure and sell off.


The British Pound is trading at 1.5825 at this writing. The low has been 1.5801 while the high has been 1.5847. With the release of the UK Trade Balance earlier which was a larger than expected deficit of 9.8 billion, the Pound remains susceptible to the downside. This potential could be realized when the US employment data is released later this morning. Any favorable US announcement on this data will likely see the Pound sell off. The market is currently poised in anticipation of this data.


The Japanese Yen is trading at 115.18 at the moment. The USD/JPY low has been 115.06 while the high has been 115.46 which was touched in afternoon trading in Asia. There has no Japanese data released today to influence the Yen. The main focus remains on the US employment data to be released this morning. The bullish US Dollar trend will continue against the Yen with any favorable employment data release.


AUD/USD is trading at 0.8595 with the low being 0.8540 while the high has been 0.8604.
USD/CAD is trading at 1.1432 with the low being 1.1420 while the high has been 1.1446.


This information has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information.