• Foreign exchange market. Asian session

Market news

8 May 2015

Foreign exchange market. Asian session

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

01:00 China Trade Balance, bln April 3.08 39.45 34.13

01:30 Australia RBA Monetary Policy Statement


The pound jumped the most since 2009 as the U.K. Conservative Party was on course to retain power after a general election. The Conservatives were on course to be the largest party in Parliament, just short of a majority, an exit poll and early results showed. The exit poll predicted the Conservatives would win 316 of Parliament's 650 seats, more than in the last election in 2010, with the Labour Party trailing on 239 seats. As the first results were declared in the early hours of Friday, Labour failed to gain key target seats in central England.

U.S. employers probably added 228,000 workers to nonfarm payrolls in April, after a 126,000 increase in March, according to economists surveyed by Bloomberg. Federal Reserve policy makers are monitoring labor data to determine the timing of higher borrowing costs after growth slowed in the first quarter.


EUR / USD: during the Asian session the pair fell to $ 1.1200

GBP / USD: during the Asian session the pair rose to $ 1.5495

USD / JPY: during the Asian session the pair rose to Y119.95

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