Mixed futures, no big changes awaiting non-farm payrolls. Dollar rises modestly, Treasury yields stable. Metals fall and oil validates losses. Wall Street futures are trading between gains and losses while European markets post modest losses. The focus is on the US employment data. In the previous one the dollar rises modestly. End of the week […]
Tag: NFP
Gold Price Forecast: XAU/USD pulls back from its one-month high prior to the US NFP.
Gold prices pull back on Friday, eroding some of the previous day’s gains to a one-month high. A modest dollar strength turns out to be a key factor putting some pressure on the yellow metal. Recession fears and geopolitical tensions should limit losses ahead of the US NFP report. The Prayed It attracts some sellers […]
AUD/USD remains under pressure near the 0.6950 zone ahead of the NFP
AUD/USD sees some selling on Friday and breaks a two-day gain streak. The appearance of some purchases around the dollar puts some downward pressure on the pair. Recession fears and geopolitical tensions weigh further on the risk-sensitive AUD. The fall seems supported, while the focus of attention continues to be on the US NFP report. […]
Forex Today – Asian Session: The dollar is at risk of falling further
What to watch for on Friday, August 5: The dollar fell against most of its major rivals, ending the day near its recent lows, which is usually a sign of further short-term declines. Fears of a global recession resurfaced after the Bank of England announced its latest decision on monetary policy. The central bank raised […]
AUD/USD hovers around 0.6835 after hitting a three-day high on sentiment change
AUD/USD is still up 0.37% on the week. The upbeat mood, soft US dollar and rising commodity prices supported AUD/USD. Fed members backed a 75 basis point rate hike, saying the US economy is strong. On Friday, the AUD/USD remains almost unchanged, amid a positive tone in the market, as US stocks rise, but remain […]
USD/JPY is near 136.50, above 1-week highs; no tracking
USD/JPY soared to a one-week high in reaction to the bullish June NFP report. The widening rate spread between the US and Japan weighed on the yen and remained supportive. The fundamental backdrop supports the prospects for a move towards 137.00. The pair USD/JPY regained ground lost earlier, down to the 135.30 zone, and turned […]
USD/CAD pulls away from highs after US and Canadian jobs data, returns around 1.3000
USD/CAD rose in reaction to the positive NFP report from the US and the mixed jobs report from Canada. The rally in oil prices underpinned the loonie and continued to act as a headwind for the pair. Sustained strength beyond the 1.3075-1.3080 barrier is needed to confirm a breakout to the upside. The pair USD/CAD […]
GBP/USD remains bearish below 1.2000
GBP/USD fell during the early American session in reaction to the US NFP report, which was upbeat. The US economy added 372,000 new jobs in June (268,000 expected) and the unemployment rate remained at 3.6%. The data reaffirmed bets on aggressive Fed rate hikes and continued to lend support to the dollar. The pair GBP/USD […]
EUR/USD trims losses after NFP figures, bounces back to 1.0150
EUR/USD extends bounce from previous cycle lows. US nonfarm payrolls increased by 372,000 jobs in June. The unemployment rate remained at 3.6%. Despite the rebound from the lows, the selling interest around the single currency remains strong and motivates the EUR/USD keep price action subdued around 1.0100/15 at the end of the week. EUR/USD continues […]
AUD/USD Price Analysis: Descending channel resistance continues to act as a limitation
AUD/USD reversed an intraday drop to 0.6800 amid a modest intraday pullback in the USD. The upside remains capped by resistance marked by the top of a descending channel. The pair AUD/USD attracted some buying near the 0.6800 mark on Friday and has now recovered modest intraday losses. The pair was last seen in neutral […]
