A combination of supporting factors helps gold reverse an intraday decline during the Asian session. A subdued demand for the USD and a softer risk tone offer some support for the precious metal. The bulls now look reluctant ahead of Friday’s NFP release. The gold has reversed an intraday decline during the Asian session, to […]
Tag: NFP
NZD / USD declines slightly after hitting the 0.6800 level for the first time since March 2019
RBNZ inflation expectations increased to 1.59% for the fourth quarter of 2020 and provided a good boost to the NZD / USD. The uncertain political situation in the United States keeps the dollar bulls on the defensive and supports the upward movement of the pair. A sustained move above the 0.6800 level will mark a […]
EUR / USD jumps to two week highs around 1.1865 ahead of NFP
The EUR / USD remains on offer and retakes the 1.1850 area. Democrat Joe Biden maintains the advantage over President Trump. US Non-Farm Payrolls will get all the attention on the US calendar. Buying interest around the single currency remains good and solid this Friday, pushing EUR / USD to fresh 2-week highs at 1.1865. […]
USD / CAD clings to modest recovery gains but still capped below the 1.3100 level
USD / CAD registers a modest bounce on Friday and breaks four consecutive days of declines. A modest pullback in US stock index futures benefits the safe-haven USD and supports the pair’s upward move. The continuing drop in oil prices weighs on the CAD and provides an additional boost to the pair. Investors are now […]
AUD / USD with modest losses, still holding above 0.7250
AUD / USD is moving lower on Friday and returns a portion of the previous day’s gains to multi-week highs. The prevailing cautionary sentiment is driving some money flows into the safe haven USD and putting some pressure on the pair. Investors await US political developments and the NFP report before opening new directional positions. […]
USD / JPY remains near multi-month lows around the 103.50 level
Political uncertainty in the US continues to weigh on the USD and limits the initial rally in USD / JPY. The cautious sentiment in the market benefits the safe haven JPY and prompts some higher selling. The drop remains supported as investors await US political developments and US NFP monthly employment data. The pair USD/JPY […]
Markets Take Profits Awaiting US Election and NFP Results
This is what you need to know to trade today Friday November 6th. Markets are taking gains and the dollar rebounds after the rally earlier this week. The US elections are not over yet, with markets glued to what happens in four states. The Fed hinted at more QE ahead of October’s Non-Farm Payrolls. Gold […]
