Gold remains on the defensive during the European session on Friday amid aggressive expectations from the Fed. The underlying bullish sentiment around the USD weighs on the precious metal. A softer risk tone offers some support as investors await the release of the US NFP jobs report. The Prayed reversed modest intraday losses and is […]
Tag: NFP
USD/JPY remains stable around 130.50, at weekly highs as focus remains on the NFP
USD/JPY gains traction for the second day in a row and rises to a new weekly high on Friday. The monetary policy divergence between the Fed and the BoJ is seen as a key factor acting as a tailwind for the pair. A softer risk tone benefits the safe-haven JPY and caps gains ahead of […]
US dollar index DXY keeps rising and targets 104.00 ahead of NFP
The DXY index extends Thursday’s gains and approaches the 104.00 level. US yields are trading mixed on Friday. The US Non-Farm Payrolls will be the focus of investors later in the session. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, extends Thursday’s strong rally and trades […]
NZD/USD remains under pressure below 0.6450, near its lowest level since June 2020
NZD/USD witnesses some continuation selling for the eighth day in a row on Monday. Expectations of an aggressive Fed rate hike continue to support the USD and put some pressure on the pair. Investors now await the New Zealand employment data, the FOMC decision and the NFP report before opening directional positions. The pair NZD/USD […]
GBP/USD falls to around 1.3100, again unable to hold above the 21-DMA
Strong US data saw US yields rise as markets increased their Fed tightening bets, weighing on GBP/USD. The 21 DMA continues to act as resistance, pushing the pair lower to around 1.3100, with the BoE dovish hampering the British pound’s cause. The GBP/USD fell during US trade on Friday as the US dollar strengthened against […]
Bulls struggle to break above the 200 hourly SMA resistance
-637844167056375749.png "Bulls struggle to break above the 200 hourly SMA resistance")
USD/CAD struggled for firm direction and ranged around 1.2500. The mixed technical setup warrants some caution before making aggressive directional bets. Sustained strength beyond the 200 hourly SMA would set the stage for a significant upside. The pair USD/CAD traded between tepid gains/minor losses during the early American session and held steady near the key […]
GBP/USD updates daily lows after US NFP.
Sustained USD buying dragged GBP/USD lower during the early American session. The US NFP report reaffirmed the Fed’s rate hike bets and continued to support the dollar. Risk appetite could cap the safe haven USD and help limit deeper losses for the pair. The GBP/USD pair saw some selling during the early American session and […]
Futures positive after US employment data.
US economy created 431,000 jobs in March. Stock markets rebound modestly after Thursday’s drop. Treasury bond yields rise, supporting the dollar against G10 currencies. The futures of the main Wall Street indices point to a recovery after the fall on Thursday. In Europe, most stock markets operate in the green. US data is not surprising […]
USD/JPY flirts with daily high around 122.70-122.75 after US NFP report.
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 […]
Non-farm payrolls rise by 431,000 in March, below the 490,000 expected
Non-farm payrolls rise by 431,000 in March, against 490,000 expected. February figures revised up from 678,000 to 750,000. Unemployment rate falls to 3.6%, the lowest level since February 2020. The US jobs report showed the economy created 431,000 jobs in March, below the 490,000 expected by market consensus. For the eleventh consecutive month, the figure […]
