The Japanese yen showed a bit of strength earlier but has pared these gains. In the European session, USD/JPY is trading at 15141, up 0.04% All eyes on US nonfarm payrolls The markets are bracing Read more…
The Canadian dollar is slightly lower on Friday. In the European session, USD/CAD is trading at 1.3559, up 0.12%. Canada and the US will both release employment data later today, which could mean some volatility Read more…
On March 18, we wrote about the activation of bears near the USD 70,000 level and the likelihood of consolidation forming near this psychological mark. On March 25, we wrote that anxiety remains in the Read more…
After three days of significant gains, the Australian dollar is retreating against its American counterpart, with the AUD/USD pair falling to 0.6573. The US dollar has rebounded after Federal Reserve officials expressed doubts about an Read more…
Eurozone retail sales volume fell -0.5% mom in February, worse than expectation of -0.3% mom. Volume of retail trade decreased for food, drinks, tobacco by -0.4% mom, non-food products (except automotive fuel) by -0.2% mom, Read more…
GBPJPY is in the red again today, not far from its recent high It has dropped below the January 2, 2024 ascending trendline Momentum indicators are in waiting mode for the next key market events Read more…
USDCAD bounces off 200-day SMA MACD and RSI are still weak USDCAD is moving slightly higher following the rebound off the simple moving averages (SMAs), remaining within a short-term ascending channel. Technically, the MACD oscillator Read more…
Daily Pivots: (S1) 190.82; (P) 191.54; (R1) 192.05; More….. GBP/JPY retreated after brief rebound and intraday bias remains is turned neutral again. . For now, further rally is expected as long as 190.02 support holds, Read more…
Daily Pivots: (S1) 163.56; (P) 164.24; (R1) 164.69; More… Intraday bias in EUR/JPY as turned neutral again as it retreated ahead of 165.33 resistance. Further rally will remain in favor as long as 162.59 support Read more…
Daily Pivots: (S1) 0.8562; (P) 0.8572; (R1) 0.8581; More… EUR/GBP is still bounded in range below 0.8601 and intraday bias remains neutral. On the downside, firm break of 0.8529 support will argue that the corrective Read more…