AUD/USD adds to intraday recovery gains and refreshes daily high in reaction to US mixed employment report. The US economy added 312,000 jobs in August and the unemployment rate unexpectedly rose to 3.7%. Aggressive expectations from the Fed should help limit any significant decline in the USD and cap gains for the pair. The pair […]
Tag: currencies
EUR/USD extends gains above parity level after US NFP.
EUR/USD remains above the parity level on Friday. US nonfarm payrolls increased by 315,000 jobs in August. The unemployment rate rose to 3.7%. The EUR/USD keeps the daily supply bias unchanged and manages to retest the 1.0030 region after the release of August non-farm payrolls. EUR/USD looks well supported near 0.9900 EUR/USD remains positive on […]
EUR/JPY Price Analysis: The next level on the upside is 142.30
EUR/JPY fades Thursday’s pullback and recovers 140.00 and above. If it continues to rise, it could revisit the 142.30 area. EUR/JPY resumes weekly recovery and manages to break above the key 140.00 barrier on Friday. More rallies on the cross could come from breaking above the 140.00 region. Beyond this zone, another test of the […]
AUD/USD climbs back above 0.6800 on weak dollar ahead of Non-Farm Payrolls
AUD/USD recovers from multi-week lows. The dollar is moving away from two-decade highs and becoming a key support factor. Market with its sights set on the US employment report. The AUD/USD pair attracts some buying on Friday and recoups some of the previous day’s losses from the 0.6770 zone, the lowest level since July 18. […]
Forex Today: The dollar consolidates its gains, focus on the employment report for August from the US.
This is what you need to know to trade today friday september 2: Buoyed by encouraging macroeconomic data releases in the US, the Dollar Index (DXY) reached its highest level in almost two decades on Thursday, around 110.00. With investors stepping back in anticipation of the US August jobs report, DXY consolidates gains near 109.50. […]
EUR/USD risks further decline below 0.9900 – UOB
A break of 0.9900 could accelerate losses in the EUR/USD in the short termforex strategists suggest UOB Group, Lee Sue Ann, and Quek Ser Leang. 24 hour outlook: “Euro’s sharp drop to a low of 0.9909 came as a surprise (we were expecting the euro to move in a range). Despite the quick rebound from […]
GBP/USD at fresh two-year highs below 1.1500
The US dollar strengthens after the ISM manufacturing PMI, ahead of the NFPs. GBP/USD falls for the fifth day in a row. Multi-decade low awaits at 1.1409 (March 2020). A stronger dollar pushed the GBP/USD below 1.1500 levels for the first time since March 2020. USD rises strongly on encouraging US economic data amid risk […]
AUD/USD remains bearish near multi-week lows
AUD/USD remains depressed near a multi-week low and is under pressure from a combination of factors. Aggressive expectations from the Fed and high yields on US bonds push the dollar back close to two-decade highs. The risk environment reinforces the safe-haven dollar and weighs on the risk-sensitive Aussie. The pair AUD/USD it struggles to take […]
When is the US Manufacturing PMI released and how could it affect EUR/USD?
US Manufacturing PMI Outlook The Institute of Supply Management (ISM) will publish this Thursday, at 14:00 GMT, the result of its latest survey of manufacturing companies, also known as the ISM Manufacturing PMI. The index is expected to have dropped to 52 in August, down from 52.8 the previous month. The indicator will provide a […]
EUR/USD Price Analysis: Solid support lies around 0.9900
EUR/USD sees its bounce cut back and returns to levels below parity. Firm containment is expected near the 0.9900 area. The EUR/USD is under renewed strong downward pressure, falling back below the key parity zone on Thursday. Further consolidation seems the most likely scenario in EUR/USD at the moment, still within the 1.0100-0.9900 range. The […]