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Editors’ Picks
EUR/USD in a phase of bearish consolidation around 1.0850, US NFP eyed
With the US dollar bulls taking a breather following the latest upsurge, EUR/USD is licking its wounds ahead of the European open. The spot trades close to the six-day lows reached Thursday at 1.0820, as it awaits the critical US data for the next direction.
GBP/USD: Weaker below 1.2400 ahead of UK PMI, US data
GBP/USD bears the burden of broad US dollar strength while waiting for fresh impulse. UK plans to issue coronavirus “immunity passports”. Final reading of the UK’s March PMIs, US jobs report and ISM Non-Manufacturing PMI will be in focus.
USD/JPY holding form following spike in oil markets
USD/JPY is relatively bid in Asia despite the risk-off tones circulating which would usually keep the yen underpinned. The spot rallied on solid US stocks and a spike in oil prices overnight.
Editors’ Picks
EUR/USD in a phase of bearish consolidation around 1.0850, US NFP eyed
With the US dollar bulls taking a breather following the latest upsurge, EUR/USD is licking its wounds ahead of the European open. The spot trades close to the six-day lows reached Thursday at 1.0820, as it awaits the critical US data for the next direction.
GBP/USD: Weaker below 1.2400 ahead of UK PMI, US data
GBP/USD bears the burden of broad US dollar strength while waiting for fresh impulse. UK plans to issue coronavirus “immunity passports”. Final reading of the UK’s March PMIs, US jobs report and ISM Non-Manufacturing PMI will be in focus.
USD/JPY holding form following spike in oil markets
USD/JPY is relatively bid in Asia despite the risk-off tones circulating which would usually keep the yen underpinned. The spot rallied on solid US stocks and a spike in oil prices overnight.
US Non-Farm Payrolls preview: If it’s terrible, it’s expected, if it’s not, April will be
Non-farm payrolls for March will show some of the damage though less than the claims numbers as many of the layoffs did not begin until the latter part of the month.
Gold snaps two-day recovery, stays above $1,600, as trade sentiment sours
Gold fails to extend the previous recovery gains amid fresh challenges to risk. Wuhan Chief cited coronavirus resurgence risk, Washington Governor extends lockdown. S&P keeps US rating/outlook intact, expects a recovery in 2021.
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