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USD Under Pressure Following Unexpectedly Weak NFP Report I think many watching the market must be in complete shock and rubbing their eyes when reading the headline that the United States added an unbelievably weak 38,000 jobs to its economy during the month of May...
USD/JPY Forecast: The USD/JPY Pair Shed Roughly 150 Pips USD/JPY Current price: 107.67 The USD/JPY pair shed roughly 150 pips with the US employment report release, with the Japanese yen coming back with a vengeance and trading at a fresh 3-week high against its American rival...
US Dollar Slumps to 94.10, 3-Week Lows The greenback, tracked by the US Dollar Index, has plummeted to the 94.10 area following today’s releases in the US labour market. US Dollar drops to 3-week lows USD has rapidly given away recent gains, retracing the rally to the current 94...
GBP/USD Accelerates NFP Led Up-mMve to 1.4550 The GBP/USD pair accelerated its sharp up-move post disappointing NFP headline numbers and surged past 1.4500 handle and is currently trading at a fresh session high level of 1.4550...
EUR/USD Up, Up, Up It Goes… Warming Up for 1.13? EUR/USD has rapidly surpassed the 1.1200 handle following miserable print from May Non-farm Payrolls, coming in at 38K vs. 164K from prior surveys. EUR/USD closer to 1...
USD/CHF Slumps to 2-Week Lows After NFP USD/CHF lost more than a hundred pips in a matter of minutes as disappointing nonfarm payrolls numbers raised doubts over an imminent rate hike by the Fed this summer, hammering the US dollar. USD/CHF fell sharply from levels above 0...
Gold Surges to $1237 as Dollar Tumbles on Weak Jobs Report Gold prices rallied to a 9-day high level of $1237 after a sharp slide in the greenback post disappointing monthly jobs report from the US...
USD/CAD Breaks Below 1.30 on Payrolls The greenback slumped to levels below the 1.30 handle vs. its Canadian peer today, with USD/CAD visiting lows in the 1.2990 area. USD/CAD much weaker on NFP The pair has quickly breached the psychological support at 1...
GBP/USD Spikes Above 1.45 on Disappointing NFP GBP/USD jumped to fresh highs above 1.4500 as the greenback weakened broadly following weaker-than-expected US nonfarm payrolls, which raises doubts about the strength of US economy ahead of the Fed June meeting...
US Non-Farm Payrolls Barely Gain 38K in May, Weakest Since Sep 2010 US economy added only 38,000 new jobs in May, the weakest performance since September 2010, the Labor Department said Friday. This reading is well below expectations of a 164,000 gain...
USD/JPY Sinks Below 108.00 After Disappointing NFP Print The USD/JPY pair tumbled below 108.00 handle immediately after the release of disappointing headline NFP number...
EUR/USD in Fresh Tops Post-NFP The common currency has seen its upside accelerated today, lifting EUR/USD to print fresh daily peaks above 1.1200...
Oil Turns Flat at $49.00 ahead of Key Non-farm Payrolls WTI crude oil future turned absolutely flat, trading around $49.00 mark, as market participants remain in wait-and-watch mood ahead of the NFP release...
EUR/USD Subdued Around 1.1140 ahead of Payrolls The demand for the shared currency remains depressed at the end of the week, with EUR/USD hovering over the 1.1140 area...
AUD/USD Continues to Struggle Below 200-DMA, NFP in Focus As we head towards the release of key macro indicator from the US NFP, the US Dollar seems to gain traction with the AUD/USD pair once again reversing from the vicinity of 200-day SMA to currently trade around 0.7235...
EUR/GBP Eyes 0.73 in 3-Month – Rabobank The European cross could retreat to the 0.7300 area in the next 3-months, suggested Senior FX Strategist at Rabobank Jane Foley. Key Quotes “GBP has made an impressive recovery vs...
USD/JPY Still Under Pressure – UOB The research team at UOB Group reiterated USD/JPY remains vulnerable and could attempt a test of the 108.20 area. Key Quotes “USD dropped to a low of 108.49 before rebounding...
GBP/USD Further Losses Expected Below 1.4278 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees downside pressure gathering further traction on a close below 1.4278...
EUR/USD: Levels, Ranges, Targets Draghi on hold is the result to alternatives to CHF, GBP, DKK and SEK as those interest rates trade below European rates and are literally on the floor near zero. Negative interest rates contain bottoms at zero. Added is non negative interest rate nation GBP...
