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 […]

EUR/USD edges lower to near 1.1750 as Trump rejects new Iran peace offer

EUR/USD edges lower to near 1.1750 as Trump rejects new Iran peace offer

The EUR/USD pair loses momentum to around 1.1765 during the early Asian session on Monday. The Euro (EUR) softens against the US Dollar (USD) amid a cautious mood after US President Donald Trump and Iran rejected each other’s latest peace proposals to end the war in the Middle East.  Bloomberg reported on Sunday that Trump […]