FX

GBP/USD regained positive traction on Monday and shot to two-week tops. The risk-on mood undermined the safe-haven USD and remained supportive. The USD downside seems limited, warranting some caution for bullish traders. The GBP/USD pair rallied over 50 pips during the early European session and climbed to two-week tops, around the 1.3865-70 region in the

What you need to know on Monday, April 5: Risk -on took over financial markets on Friday, as the US added 916K new jobs in March, while upwardly revised the January and February figures. Stocks markets were closed amid Good Friday, but DJIA and S&P futures surged to unexplored territory. US Treasury yields ticked higher,

EUR/USD regains downside traction near 1.1750. US Nonfarm Payrolls surprised to the upside in March. The US unemployment rate eased to 6.0% last month. The single currency trades on the defensive and motivates EUR/USD to shed some ground and revisit the mid-1.1700s on Good Friday. EUR/USD fails to re-test 1.1800 EUR/USD so far reverses two

USD/CAD continues to move up and down in a narrow band. Nonfarm Payrolls in US rose by 916,000 in March. US Dollar Index posts small daily gains on rising T-bond yields. The USD/CAD pair is trading in the positive territory in the early American session as rising US Treasury bond yields support the greenback. As

GBP/USD is posting modest daily losses on Friday. US Dollar Index holds above 93.00 after strong NFP data. 10-year US Treasury bond yield rebound following Thursday’s drop. The GBP/USD pair came under modest bearish pressure in the second half of the day and dropped to a session low of 1.3814. As of writing, the pair

“In the first two months of our administration, we have seen more jobs created than any in history,” US President Joe Biden said on Friday, as reported by Reuters. Additional takeaways “There is still a long way to go.” “New economic strategy deserves the credit for growth.” “By April 7, more than 130 million households

Here is what you need to know on Friday, April 2: Markets have kicked off Q2 with an upswing after President Biden’s infrastructure plan, hopes for a vaccine-led recovery, and upbeat US data. While many parts of the world are off, US Nonfarm Payrolls stand out on Good Friday, with elevated expectations. The S&P 500

USD/JPY remains on track to snap six-day winning streak. US Dollar Index retreats below 93.00 on Thursday. 10-year US T-bond yield is losing more than 3%. After edging higher toward 111.00 earlier in the day, the USD/JPY pair turned south during the American trading hours and touched a daily low of 110.54. As of writing,

Gold survived the first test of YTD lows touched on March 8 and staged a goodish rebound on Wednesday, snapping two days of the losing streak. On Thursday, XAU/USD edges higher for the second consecutive session, as FXStreet’s Haresh Menghani notes. See – Gold Price Analysis: XAU/USD flirts with the $1676 March low, risking a slide to

EUR/USD stabilises as markets await US President Biden’s speech. The focus is on how the White House intends to pay for a $3 trillion to $4 trillion infrastructure plan. EUR/USD is a touch stronger mid-week as investors brace for the Nonfarm Payrolls at the end of the week and US President Joe Biden who is slated

UK GDP rises 1.3% QoQ in Q4 vs. 1.0% expected. UK Current Account deficit stood at GBP26.3 B in Q4. GBP/USD remains unfazed by upbeat UK data, holds above 1.3700. The final reading of the fourth quarter 2020 UK GDP came in at 1.3% QoQ vs. 1.0% expected and 1.0% last while on an annualized

Has gold “ever given” to you? Neither the Suez Canal blockade nor the SLR exemption’s expiration should significantly affect gold, whose price is likely to be soon shaped by other factors. Do you think you’ve had a bad day? If yes, then imagine the helmsman of the Ever Given who somehow managed to get his

AUD/USD trims intraday gains, stays below key hurdles. Fortnight-old horizontal area, monthly resistance line test recovery moves. Bears need to break 0.7557 for confirmation, monthly top adds to the upside barriers. AUD/USD steps back from 0.7664 while trimming intraday gains to 0.24% ahead of Tuesday’s European session. In doing so, the quote fades upside momentum

Aussie continues to face resistance at 1.0950 versus the Kiwi. AUD/NZD bullish outlook intact, above 1.0950 next target at 1.1000. The AUD/NZD is pulling back on Monday after being unable to break the 1.0950 area. It tested the multi-month high but then retreated, reaching levels under 1.0900. The kiwi is having the best day in

GBP/JPY fades Friday’s recovery moves, mildly offered by the press time. 100-SMA tests immediate downside, a confluence of 200-SMA and 61.8% Fibonacci retracement becomes the key. Two-week-old horizontal area adds to the upside filters. GBP/JPY bears attack 100-SMA while declining to 150.90, down 0.17% intraday, ahead of Monday’s European session. In doing so, the quote

What you need to know on Monday, March 29: The American dollar eased on Friday but finished the week with gains against most major rivals. Stocks were up, weighing on demand for the greenback, also affected by profit-taking ahead of the close. The EUR/USD pair finished the week sub-1.1800, and near its 2021 low at

Spot gold continues to stick within a few dollars of its 21-day moving average within a tight mid-$1720s-mid-$1740s range. The precious metal has been caught this week between the conflicting forces of a strong USD but lower real yields. Spot gold prices (XAU/USD) continue to stick within a few dollars of its 21-day moving average,

US equity markets saw an aggressive rally into the Friday close, with the S&P 500 now back close to ATHs. US data was largely ignored, with investors reverting to default bullishness on the prospects for the US economic recovery. US equity markets were seemingly panic bought into Friday’s close, with the S&P 500 rallying nearly