EURUSD rises on NFP miss and trade war fears but key barriers still intact
The Euro bounced from dangerous territory (session low at 1.2215 is new five-week low) after US NFP data disappointed expectations, with dollar being additionally pressured by renewed fears of trade war escalation.
US President Trump…
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USDCAD – Loonie rises further on strong Canadian and disappointing US jobs data
The pair fell after data and hit new nearly six-weeks low at 1.2733 after US NFP disappointed at 103K in March, showing the lowest creation of jobs in six months, while unemployment rate remained unchanged at 4.1%, missing forecast at 4.0%.…
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USDTRY hits new record highs on news that CB is preparing plan to lower interest rates
The Turkish lira hit new record high at 4.0657 on Friday, in extension of previous day’s strong fall, with signals that lira could weaken further.
Fears among investors rose after news that Turkish government works on measures to lower…
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GBPUSD – tight consolidation after bearish outside day eyes further signals from US jobs data
Cable holds in tight consolidation around 1.40 handle on Friday after previous day’s strong fall which dented key 1.40 support zone but failed to close below.
Sideways mode today could be see as consolidation ahead of fresh downside, as…
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EURUSD – bearish tone dominates ahead of US jobs data
The Euro remains under pressure on Friday and hit new five-week low on probe below Thursday’s low at 1.2218.
Fresh extension lower looks for close below 1.2240/30 pivots (higher base / Fibo 76.4% of 1.2154/1.2476) after Thursday’s dip…
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USDJPY – bulls continue to pressure key barriers ahead of US jobs data
The pair regained traction and is pressuring daily cloud base again after dipping to 107 in early Asian trading on Friday, as US President Trump shook the markets by threats for additional tariffs on China.
The impact on the pair from…
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GBPUSD tested key 1.40 support after downbeat UK data but so far unable to break lower; US jobs data…
Cable came under increased pressure after UK Services PMI came in much weaker than expected figure in March (51.7 vs 53.9 f/c and 54.5 in Feb) and dipped to 1.40 support on subsequent bearish acceleration.
The sentiment soured after…
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WTI OIL eases, unable to hold gains after upbeat US crude stocks data
Oil price is losing traction on Thursday and eases after bumpy ride on Wednesday, when oil initially dipped to new 3 ½ week low at $62.05 and bounced to $63.62 on upbeat US crude inventories data.
EIA report showed weekly crude inventories…
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SPOT GOLD remains under strong pressure on fresh risk on mode as trade war fears ease
Gold price extends steep fall on Thursday and dipped to session low at $1324, to nearly fully retrace recovery leg from $1321 which stalled at $1348 on Wednesday.
The yellow metal fell sharply on fresh risk appetite as strong fears about…
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AUDUSD – negative outlook below key barriers at 0.7735/47
The Aussie dollar remains offered on Thursday and probes back below 10SMA (0.7688), as the greenback regains traction on reduced trade war fears.
The pair failed to sustain recovery after Wednesday's dip and subsequent bounce, which…
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