The AUD/USD currency pair bounced back on Thursday, April 7th, after paring weekly losses around the 0.6680 level. Traders were preparing for the release of the US Nonfarm Payrolls (NFP) report during the holiday-driven sluggish session on Good Friday. This was the first time in four days that the Aussie.
Introduction: The USD/JPY pair has been struggling to find a clear direction in recent times. This is partly due to mixed factors at home, including a cautious mood ahead of key US data, as well as Good Friday’s off outside Japan. Despite printing mild losses, the Yen pair has been.
The GBP/USD pair saw some upward momentum during early Good Friday morning trading, as it saw its first daily gains in three days. This was due in part to the hawkish sentiments expressed by the Bank of England, as well as a cautious attitude towards the upcoming US Nonfarm Payrolls.
Introduction The EUR/USD pair is holding steady near the key resistance level of 1.0930 on the morning of Good Friday in Europe. The pair has been on an upward trajectory for the past three weeks, successfully trading above the 100-SMA and key support lines from March. However, traders are cautious.
The EUR/USD pair is currently experiencing a lull as Euro bulls take a breather, with the currency pair hovering around the 1.0920 mark. Investors are now waiting for the release of key United States employment data on early Friday. However, the major Western markets, including Europe, are currently observing the.
Introduction The AUD/USD pair is a popular currency pair in the forex market, which shows the exchange rate between the Australian dollar and the US dollar. It is also known as the Aussie-Dollar. For the past three days, the pair has been under selling pressure, and this trend is expected.
Introduction The British pound has been trading in a narrow range against the US dollar, consolidating around key support levels in the mid-1.24s. However, economists at Scotiabank are optimistic about the currency pair’s outlook, predicting an upward movement towards 1.2750. Background The GBP/USD is a currency pair that measures the.
The EUR/USD pair has been in a downtrend since May 2021, but economists at Credit Suisse believe that it will eventually see a clear and sustained break above this trend. This will lead to strength back to the year-to-date (YTD) high of 1.1035, with resistance at 1.1185/1.1275. Credit Suisse has.
The EUR/USD currency pair has been trading without a clear direction around the 1.0900 region on Thursday. This region has been a major point of interest for traders in recent times, and the pair is expected to continue trading within this range for the time being. The current position of.
The AUD/USD pair is experiencing its second consecutive day of depression as it approaches an intraday low of 0.6730 during the early European session on Wednesday. The pair is reversing the corrective bounce induced by Reserve Bank of Australia (RBA) Governor Philip Lowe, while poking the 200-bar Exponential Moving Average.
USD/JPY pair remains indecisive on a daily basis and trades at 131.70 as of Wednesday’s European session. The pair tracks the recent consolidation in the US Treasury bond yields amidst cautious market sentiment ahead of key US economic data releases. The recent weakness in the US Dollar has weighed on.
GBP/USD initially dropped towards 1.2450, but it has since reversed its direction and climbed towards 1.2500 on the back of a renewed weakness in the US Dollar following the release of the ADP employment report, which showed a lower-than-expected increase in private sector jobs. The report’s disappointing figures have.