Flat lines below 1.3700, while remaining below key 100-day EMA

Flat lines below 1.3700, while remaining below key 100-day EMA

The USD/CAD pair trades on a flat note around 1.3675 during the early European trading hours on Monday. The US April Nonfarm Payrolls (NFP) report exceeded expectations, which could provide some support for the US Dollar (USD) against the Canadian Dollar (CAD).  The US economy added 115,000 jobs in April, versus the 185,000 increase (revised […]

USD/CHF jumps to near 0.7785 as hopes of US-Iran truce in near term fades

USD/CHF jumps to near 0.7785 as hopes of US-Iran truce in near term fades

The USD/CHF pair holds opening gains around 0.7785 during the Asian trading session on Monday. The Swiss Franc pair reflects strength as the US Dollar (USD) outperforms its peers amid the return of the risk-off impulse due to diminished hopes of an immediate breakthrough in negotiations between the United States (US) and Iran. US Dollar […]