USD / JPY is slowly climbing at the start of the American session on Friday. The 10-year US Treasury yield posted small daily gains of around 1.70%. Nonfarm payrolls in the US increased by 916,000 in March. After spending the last few hours within a very tight range near 110.50, USD / JPY has gained […]
Tag: Foreign exchange
US Dollar Index Challenges 93.00 Level Following Strong NFP
The DXY index rebounds further and rises to the 93.00 region after the NFP. The US economy added 916,000 new jobs last month. The unemployment rate fell to 6.0% from 6.2%. The US dollar DXY index, which measures the strength of the dollar against a basket of the main currencies, manages to recover the buying […]
Possibility of a move to annual highs
EUR / JPY maintains the unfinished range above the 130.00 level. The 2021 highs in the region of 130.65 / 70 emerge as the next hurdle. EUR / JPY remains above the key barrier of 130.00 at the end of the week. The recovery looks healthy and after recovering the intermediate level of 130.00, the […]
A move below 1.1700 is not ruled out
EUR / USD bullish attempt fails below the 1.18 level. The door remains open for a resumption of the downtrend. EUR / USD fails to test the 1.1800 region on Friday amid the prevailing consolidation range. Despite the rebound seen in recent sessions, sellers remain in control of the pair’s price action, leaving it vulnerable […]
USD / CAD is moving sideways around 1.2550 despite rising crude oil prices
USD / CAD is moving within a relatively tight range on Friday. WTI gains traction and advances above $ 61.00 before the American session. The US Dollar DXY Index remains below 93.00 ahead of the March jobs report. The pair USD / CAD is fluctuating within a narrow range on Fridayas trading action remains subdued […]
AUD / USD remains above 0.7600
AUD / USD continues to consolidate just above 0.7600. Support is at yearly lows near 0.7530 set on Thursday. The US NFP is expected to come into the spotlight later on Friday. The Australian dollar alternates gains and losses against its US counterpart, leaving price action around the AUD / USD consolidating just above the […]
Looking for the breaking of a descending wedge, the focus is on the NFP and Friday’s close
GBP / USD is looking to break out of a falling wedge on the daily chart. The daily closing on Friday will seek confirmation from the pattern. Data from the US NFP could offer a new direction in GBP / USD. GBP / USD is consolidating recent recovery gains well above the 1.3800 level during […]
USD / JPY retraces from highs around 111.00 before NFP
USD / JPY is moving lower and back from the highs. Lower US yields put the recent rally in the pair to the test. The NFP report will focus investors’ attention at the start of the American session. The Japanese currency strengthens slightly and drags USD / JPY below the 110.50 region at the end […]
US dollar DXY index remains under pressure near 92.80 ahead of NFP
The DXY index extends the breakout below the key 93.00 level. Trading conditions and volatility remain low on Good Friday. Markets focus will be on March NFP Nonfarm Payrolls. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, has difficulty finding a direction below the 93.00 […]
EUR / USD remains within a range below 1.1800 amid the Good Friday pause and awaiting the NFP
EUR / USD lacks directional bias, while most major European markets celebrate the weekend of Good Friday and Easter. The US dollar licks its wounds amid a sell-off in Treasury yields and record highs in Wall Street indices. Market sentiment remains bullish despite low volume due to Good Friday, as the focus shifts to the […]
