USD/JPY regained positive traction on Friday and broke three consecutive days of losing streak. Risk appetite, Fed and BoJ policy divergence weighed on JPY and continued to support lending. Rising US bond yields and mostly upbeat US NFP data supported the USD and favor bullish traders. The pair USD/JPY maintained its intraday gains, up from […]
Tag: Foreign exchange
USD/JPY expects positive US jobs data above 122.30
Dollar advances on Friday ahead of key data. Advance in Treasury bond yields support the greenback. US employment report can generate noise. The USD/JPY is rising on Friday ahead of the US jobs report. In the European session it reached as high as 122.76, the maximum in two days. It then pulled back and went […]
A drop to 1.0944 is not ruled out
EUR/USD is trading slightly defensive at the 1.1050/60 band. A deeper pullback could extend to the 1.0944 level. EUR/USD remains solidly offered in the second half of the week, at least ahead of the release of the US employment report on Friday. Considering the ongoing price action, a further pullback with the immediate target at […]
EUR/USD in three-day low zone ahead of US employment report.
The US employment report for March is coming. Inflation in Europe rises to 7.5%, figure higher than expected. EUR/USD consolidates Thursday’s losses, pulls away from four-week high. The EUR/USD is declining modestly on Friday and has been moving sideways for hours, ahead of important US economic data and then Eurozone inflation figures. The pair fell […]
EUR/USD keeps moving in range unchanged – UOB
Currency strategists at UOB Group now see the EUR/USD moving within the range of 1.0990-1.1170 for now. Featured Comments 24 hour view: “Yesterday we highlighted that ‘EUR/USD advance could extend above 1.1190 before retreating’. EUR/USD subsequently rose to 1.1184 before making a surprisingly steep decline (low was 1.1059). Yes While the rapid decline seems to […]
USD/JPY Still Pointing to Some Consolidation – UOB
Now USD/JPY is expected to keep moving in a range between 121.00 and 124.00 in the coming weeks, according to currency strategists at UOB Group. Featured Comments 24 hour view: “Our expectations for USD/JPY to ‘rise to 123.30’ yesterday were wrong as it dipped to 121.26 before rallying. Current price action appears to be part […]
Dollar Extends Rebound, Spotlight on EU Inflation and US Jobs Data.
This is what you need to know to trade today friday april 1: The negative shift seen in risk sentiment amid rising geopolitical tensions helped the greenback gain strength against its rivals on Thursday. The US dollar index continues to rise early on Friday as the focus shifts to euro zone inflation data and the […]
EUR/USD bounces off two-day lows towards 1.1130
Euro among the worst performers on Thursday. DXY rises after two days of declines, from highs. EUR/USD recovery meets resistance below 1.1135. The EUR/USD made ground at 1.1067 after the start of the US session and then bounced back to the 1.1135 area as stocks trimmed losses on Wall Street. The dollar lost momentum as […]
NZD/USD flirts with daily lows just below 0.6950 amid strengthening USD
NZD/USD fell on Thursday and reversed overnight gains as it hit a year’s high. Bets on Fed rate hikes, a softer risk tone benefited the USD as a safe haven and put pressure on it. The drop in US bond yields did not dent bullish USD sentiment or provide any support. The pair NZD/USD it […]
EUR/GBP extends pullback below 0.8450
The euro among the weakest currencies on Thursday. EUR/GBP reverses from one-month highs to two-day lows. EUR/GBP extended the decline and marked new two-day lows at 0.8434. In the Asian session the cross had climbed to 0.8512, reaching the highest level since December 21st. The euro is cutting a streak of three consecutive rises in […]
