GBP/USD is getting closer to the first local support formed by 100-day moving average on the back of broadband USD rise ahead of NFP - the key risk event of the week. GBP/USD is about to finish the fourth consecutive week in decline, which is partially the US Dollar’s fault. USD is strengthening...
EURUSD Be extra careful with trading today as the NFP and unemployment levels will have a major impact on the Forex market. 4 hour EURUSD: If further downside occurs then the wave 5 (dark red) would become extended. Breakouts (red arrows) could occur...
Market movers today The US employment report and ISM manufacturing will wrap up a busy week. We look for a rise of 250k in total payrolls, a bit higher than consensus of 225k. Jobless claims and other...
The greenback moved narrowly inside 102.75-103.01 range on Thursday after Wednesday's rally to a 3-1/2 month top of 103.15 due to a surprise jump in U.S. GDP. Despite Thursday's brief bounce from Asian low at 102.72 to 103.01...
RBA July commodity index -12.1% y/y. Previous -9.6%.
Gonçalo Moreira -Today's upside potential for EURUSD might be slightly higher if NFP disapoints than the downside potential from a positive surprise.
Nonfarm Preview - Can the Greenback keep up the pace? by Matt Simpson
USD Well Bid Into NFP...But Will The Numbers Dissapoint? by Nick Jordan
US Dollar At Critical Juncture Ahead Of All-important NFP by Aayush Jindalbr> br>
Investors are slowly but surely preparing themselves for higher rates as equity markets suffered...
USDCAD bullish tone A rally and stall Thursday, but as we stated in our last report to our clients “corrective...
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