USD/JPY trades with a mild downside bias on Friday as lingering intervention fears support the Japanese Yen (JPY), even as the US Dollar (USD) remains firm against its major peers following the upside surprise in US Nonfarm Payrolls (NFP) data. Thin … [Continue reading]
EUR/USD Weekly Forecast: War headlines and US inflation update to shape markets
The EUR/USD pair finished a second consecutive week a handful of pips above the 1.1500 level, seesawing between gains and losses in line with United States (US) President Donald Trump's rhetoric on the Middle East war. Financial markets revolved … [Continue reading]
GBP/USD Weekly Forecast: Solid on the surface, fragile underneath
Another bearish week for the British Pound led to the second consecutive weekly retracement for GBP/USD, which was primarily driven by geopolitical concerns rather than domestic issues, while market participants currently do not expect the Bank of … [Continue reading]
USD/CAD edges higher after strong US NFP payrolls
The USD/CAD rises some 0.14% on Friday after an outstanding employment report in the US, which exceeded economists projectio by almost three times, according to the US Bureau of Labor Statistics (BLS). At the time of writing, the pair trades at … [Continue reading]
EUR/USD steadies below 1.1550, awaiting US payrolls’ data
The Euro (EUR) is trading sideways between 1.1530 and 1.1550 against the US Dollar (USD) in a holiday-thinned session, with most markets closed on Good Friday. The pair is on track for a 0.3% weekly appreciation, yet with price action trapped halfway … [Continue reading]
EUR/USD Price Forecast: Remains below nine-day EMA near 1.1550
EUR/USD remains subdued for the second successive day, trading around 1.1540 during Asian hours on Friday. The daily chart technical analysis indicates a potential bullish reversal as the pair is testing the upper boundary of the descending channel … [Continue reading]
Japan Jibun Bank Services PMI came in at 53.4, above expectations (52.8) in March
EUR/USD is giving back part of the gains seen over the past couple of sessions, drifting back towards the 1.1500 support as a firmer US Dollar and renewed tensions in the Middle East weigh on the broader risk complex. Looking ahead, the focus shifts … [Continue reading]
Global PMIs: Manufacturers look through inflation – Standard Chartered
Standard Chartered’s Ethan Lester notes that global manufacturing PMIs stayed in expansionary territory in March for an eighth straight month, even as the pace of growth eased from February’s 44‑month high. Asia offset ongoing contractions in … [Continue reading]
Cardano Price Forecast: ADA slips below consolidation range as risk-off sentiment weighs
Cardano (ADA) is edging lower, trading at $0.235 at the time of writing on Thursday, as crypto prices broadly decline amid war-driven, risk-off sentiment. The smart contracts token hovers below key momentum indicators, signaling a higher probability … [Continue reading]
EUR/USD reversal approaches 1.1500 amid higher Oil prices, risk-off markets
The Euro declines more than 0.5% against the safe-haven US Dollar on Thursday, extending its reversal from Wednesday’s highs at 1.1625 to session lows just below 1.1520 so far. Fading hopes of a swift end to the Iran war have reactivated risk-off … [Continue reading]