Jack Crooks
Black Swan Capital
If the 2-yr Spread (red line) is leading the pair we now have a divergence. And it suggests the cycle low is likely in for the euro against the buck.
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Latest Forex Analysis
Editors’ Picks
AUD/USD stays under pressure around 0.6830 while beginning the NFP day
AUD/USD declines to 0.6830 during the initial Friday morning in Asia. The quote stretches losses made on Thursday as the second-tier Aussie data becomes the latest disappointment.
USD/JPY resumes decline after faltering around 109.00
The USD/JPY is ending the day with modest losses, as despite encouraging words from US trade representatives, there’s nothing new on a trade deal with China.
US Non-Farm Payrolls November Preview: Labor market continues to defy concerns
Non-farm payrolls are predicted to rise 180,000 in Nov following Oct’s 128,000 increase. The unemployment rate is expected to be unchanged at 3.6%. Hourly earnings will gain 0.3% in Nov after October’s 0.2% increase and annual earnings will be stable at 3.0%.
XAU/USD hesitates near $1480/oz resistance
Gold kicked off December with a bullish reversal to the 1480 resistance. Just above the level the 50 and 100-day simple moving averages (SMAs) are also acting as dynamic resistances.
USD/JPY resumes decline after faltering around 109.00
The USD/JPY is ending the day with modest losses, as despite encouraging words from US trade representatives, there’s nothing new on a trade deal with China.