EUR/USD Extends Losses on Upbeat US ISM Manufacturing Print A rebound in the US ISM manufacturing PMI to expansion territory has pushed EUR/USD to a fresh session low of 1.1342 (Mar 17 high...
GBP/USD Breaks Below 1.4200 The selling pressure around the sterling is not giving up today, now dragging GBP/USD below the 1.4200 handle, or session lows. GBP/USD in 4-day lows Spot is retreating further today, rapidly breaking below the 1...
Output isn’t growing that quickly in the US economy, but don’t tell that to employers, who just keep on hiring. March saw an on-trend again of 215K with no material revisions, and the one-tick rise in the jobless rate to 5...
Many Japanese investors will likely sell foreign assets at the beginning of FY16 to realize gains but such active cross border flows may not support USD/JPY, as many such investors have not determined their investing strategies for FY16 yet, notes BTMU...
in view of the research team at UOB Group, the Aussie dollar could extend the upside momentum towards 0.7740. Key Quotes “We just turned bullish yesterday and there is no change to the view. As highlighted, the upside potential appears to be limited to 0...
The US labor department data released today showed the pace of job additions in March was higher than estimates, adding to the evidence of resilience in the labor market despite gloomy US outlook. Non-farm payrolls figure came-in at 215K , compared to the estimate of 205K jobs...
The US dollar recovered some ground against the Japanese yen following the release of slightly higher than expected US nonfarm payrolls data. The US economy added 215K jobs in March, beating expectations of a 205K gain. However, the unemployment rate edged up to 5.0% from 4.9% the previous month...
Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair could re-test 129.65. “EUR/JPY has eroded the 50% retracement at 127.27”. “The intraday Elliott wave count remains positive and the market has already reached the 128...
The research team at UOB Group has reiterated its neutral stance on the pair in the next 1-3 weeks. “USD/JPY has remained steady within the 112.00-113.00 region as Japan's fiscal year came to a close...
In opinion of Senior FX Strategist at Rabobank Jane Foley, the pair could retreat to the 1.08 area in the medium-term. Key Quotes “Positioning in both the USD and the EUR has reached an interesting juncture”...
EUR/USD is reverting the initial upbeat tone and has briefly returned below the 1.1400 handle following US Non-farm Payrolls...
EUR/USD Advances Further Around 1.1420 The common currency keeps its buoyant march intact today, now lifting EUR/USD to fresh 2016 highs in the 1.1420/25 band...
EUR/USD Trade Idea Major resistance -1.4375 The pair has made a high of 1.4117 and slightly retreated from that level. It is currently trading around 1.13802. Short term trend is slightly weak as long as resistance 1.14375 holds...
March Non-Farm Payroll Preview Today NFP report is to be published at 12:30 GMT from US. What is NFP report? NFP or non-farm payroll report is the monthly statistics on labor condition in the US released by US department of labor statistics...
A strategy note out from Morgan Stanley suggests the rand is likely to benefit against the Japanese yen over coming weeks. A falling US dollar, rising South African inflation and subsiding political risks make the rand a target for those betting on currency markets...
US Non-Farm Payrolls Preview: What to Expect of EUR/USD? US March non-farm payrolls figure is due for release today. Markets expect the data to show the economy added 205K jobs compared to 242K additions seen in February. The unemployment rate is seen unchanged at 4...
Nonfarm Payrolls: Who Cares? A new month starts and with it we get a new US Nonfarm Payroll report. The US economy is expected to have added 205K new jobs in March, the unemployment rate is expected to remain steady at 4.9%, while wages are expected to pick up after the decline seen in February...
0.77 is the next big test in the Australian dollar’s advance against the US dollar, and it is here where the multi-month advance could fail. The exchange rate has been moving higher in a determined fashion since the start of 2016 and is seen at 0.7673...
US NFP Preview: 8 Major Banks Expectations from the March Print We are heading closer to the release of US Non-Farm payrolls data for the month of March. As we get closer to the release, here are the expectations as forecasted by the economists and researchers of 8 major banks...
