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 […]
Tag: NFP
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 […]
Happy markets, dollar pressed before the NFP in Good Friday edition
This is what you need to know to trade today Friday April 2: Markets have started the second quarter with a rebound after the unveiling of President Biden’s infrastructure plan, hopes for a vaccine-driven recovery, and upbeat US data.While many parts of the world are on vacation, US NFP nonfarm payrolls stand out on Good […]
Forex Today – Asian Session: Non-Farm Payrolls on Good Friday
What you need to know on Friday, April 2: The dollar was slightly down against all of its major rivals as US Treasury yields were in retreat mode. The yield on the benchmark 10-year Treasury bond fell to 1.67%, 10 basis points below the multi-month high reached earlier this week. Rivals to the dollar were […]
NFP: Aiming for a 675,000 jump in payroll
Next Friday is Nonfarm Payroll Day. The market consensus shows an increase in March payrolls of 655,000. Wells Fargo analysts they expect a reading of 675,000 and the unemployment rate to drop to 6.0%. Featured statements “While many parts of the economy have recovered quickly, the job market has taken longer to recover. During his […]
AUD / USD recovers rapidly from month-long lows, picks up 0.7700 level
The USD faded from the post-NFP peak and helped the AUD / USD rebound from the month-long lows. A strong rally in equity markets triggered some profit-taking around the safe-haven dollar. The pair AUD/USD It quickly reversed the post-NFP rally to month-long highs and was last seen trading modest losses, just above 0.7700. The pair […]
USD / CAD declines from weekly highs after NFP report, retreats below 1.2700
A broad-based USD strength helped the USD / CAD gain some traction on Friday. NFP’s strong report further pushed US bond yields and the dollar higher. Rising oil prices supported the loonie and limited the pair’s rise. The pair USD / CAD It quickly retraced around 50 pips from weekly highs touched in reaction to […]
USD / JPY sets new highs in months after employment report but then recedes
USD / JPY hits new highs but then loses steam. US employment data for February beat expectations. The USD / JPY jumped to 108.63, the new high in eight months after February employment data surprised positively in the US. After a few minutes, the dollar began to lose ground to an advance in stocks and […]
US Dollar Index Rises to 92.20 Following NFP Extraordinary Report
The DXY breaks above the 92.00 level and hits the 2021 highs. The US economy added nearly 380,000 jobs in February. The unemployment rate dropped to 6.2% (from 6.3%). The rise of the US dollar endlessly holding and trading at new 2021 highs by the 92.00 hurdle when tracked the US dollar index (DXY). Stronger […]
XAU / USD remains depressed near multi-month lows following NFP figures
The sustained purchase of the USD put some pressure on gold during the early days of the American session. NFP’s strong report provided an additional boost to the dollar and US Treasury yields. A softer risk tone extended some support to the XAU / USD safe haven and helped limit losses. The oro it advanced […]
