Forex Videos

The US Dollar weakened on Monday after data showed a lower than expected reading for Factory orders which pushed back hopes of an early taper. The Greenback ended the day at 1.3513 to Euro and 98.59 to Yen. Today's data includes the ISM Non manufacturing Composite which is expected to fall to 54 from 54.4 in October.
The Euro rebounded on Monday after Manufacturing PMI came out in line with expectations when it had been feared it might show a fall after Thursday's shocking inflation undershoot and record peak in unemployent. The single currency ended the day at 1.3513 to US Dollar and 133.23 to Yen. Today's data includes Growth forecasts from European commission and Producer prices which are expected to show a 0.2% rise in September.
The Pound traded mixed but rose versus the US Dollar after Construction PMI data surprised to upside. It fell to Euro and the Yen however after the former rose on steady Manufacturing figures and later after strong data from regional neighbours. Sterling ended the day at 1.5966 to US Dollar and 0.8462 to Euro. Today's data includes Services PMI in October which is expected to fall from 60 from 60.3 previously.
The Yen rose on Monday after Manufacturing figures in China and Retail sales data from Australia both rose above the expected lifting the outlook for region and as Japan's closest trading neighbours for the Japanese economy as well. The Yen ended the day at 98.59 to US Dollar and 157.41 to Pound. Today's data includes Minutes from BOJ's October meeting.