EUR/GBP eases to levels near 0.8700 amid mild risk-off markets
The Euro (EUR) is trading lower against the British Pound (GBP) on a calm week opening, with most markets closed on Easter Monday, and markets wary of risk, amid greater concerns about an escalation of the war in Iran. The pair is trading at 0.8720 at the time of writing, down from session highs at […]
EUR/JPY remains below 184.00 as traders price in BoJ rate hike odds
EUR/JPY moves little after registering modest losses in the previous trading day, hovering around 183.80 during the Asian hours on Monday. The currency cross may extend its decline as the Japanese Yen (JPY) strengthens on growing expectations that the Bank of Japan (BoJ) will tighten policy in April to counter rising inflation driven by higher […]
Australian Dollar softens on strong US jobs data, Middle East tensions
The AUD/USD pair extends the decline to near 0.6885 during the early Asian session on Monday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) amid stronger-than-expected US employment data and ongoing geopolitical tensions in the Middle East. The US March ISM Services Purchasing Managers Index (PMI) data will be the highlight later on […]
Open the Strait of you’ll be living in hell
United States President Donald Trump has threatened to destroy Iran if they do not reopen the Strait of Hormuz before the deadline, in a post shared on Truth Social. Tuesday will be Power Plant Day and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fuckin’ Strait, […]
Rebounds toward 1.3250 near nine-day EMA
GBP/USD holds gains after registering over 0.5% losses in the previous day, trading around 1.3230 during the Asian hours on Friday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair remains within the descending channel pattern. The near-term bias stays mildly bearish as the GBP/USD pair holds below both […]
Forex Today: Markets turn cautious, all eyes on US NFP data
Here is what you need to know on Friday, April 3: The US Dollar (USD) holds positive ground around 100.00 heading into the European trading session. Trading volumes are likely to be thin due to the Good Friday holiday. Markets might turn cautious ahead of the key US employment report for March. Traders expected the Nonfarm Payrolls […]
USD/CAD holds gains above 1.3900 with all eyes on US jobs data
The US Dollar (USD) keeps the upper hand against its Canadian counterpart on Friday, trading near 1.3925 at the moment of writing, with the 1.3966 year-to-date high at a relatively short distance. The pair is on track for its third consecutive weekly rally, with the Canadian Dollar (CAD) weighed by the risk-off sentiment stemming from […]
Japanese Yen struggles due to BoJ’s rate hike uncertainty
USD/JPY remains in the positive territory for the third successive day after registering over 0.5% gains on Thursday, currently trading around 159.60 during the Asian hours on Friday. However, the pair moves little due to thin trading activity amid the Good Friday holiday. The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) […]
Gathers strength to near 184.00, bullish bias persists above 100-day EMA
The EUR/JPY cross gathers strength around 184.15 during the early European session on Friday. Trading volumes are likely to be thin due to the Good Friday holiday. Meanwhile, hawkish remarks from European Central Bank (ECB) policymakers provide some support to the Euro (EUR) against the Japanese Yen (JPY). ECB Governing Council member Francois Villeroy de Galhau said […]
Euro stalls below the 0.8740 resistance area
EUR/GBP’s reversal from one-month highs at 0.8740 found support above 0.8700 earlier this week, before stalling halfway through the last few days’ range around 0.8720. Technical indicators show waning bullish momentum, while thinned market volumes suggest that further consolidation is the most likely outcome on Friday. The Euro (EUR) remains on track for a nearly […]
