EUR/USD rises above 1.1700 on hopes for US-Iran peace, with US NFP data ahead
The EUR/USD pair saw a slight increase to around 1.1730 during early trading in Asia on Monday, driven by a rising sense of optimism regarding a potential peace agreement between the U.S. and Iran. However, as the day progresses, traders might adopt a more cautious stance, particularly with the much-anticipated U.S. nonfarm payrolls report set […]
USD/JPY rebounds from 155.00 as optimism about Iran diminishes, NFP Friday approaches
The dollar/yen climbed to nearly 156.90 on Thursday, reflecting a roughly 0.4% increase following a drop to 155.04 on Wednesday, the lowest it had been since early February. This decline breached the peak set in late April and the subsequent consolidation around 160.70, which resulted in a string of strong bearish candlesticks until the pair […]
Forex Update: DXY drops as Middle East tensions ease, markets focus on US NFP
Here’s what you need to know on Thursday, May 7th. The U.S. dollar index (DXY) is currently hovering around 98.00. While losses are somewhat restrained by strong U.S. economic data, the potential downside is mitigated by a more positive risk environment; Axios reported that a U.S.-Iran agreement to resolve ongoing tensions is near. This easing […]
GBP/USD declines as strong NFP data boosts expectations of Fed’s pause
The GBP/USD pair continued its downward trend for a second consecutive day, dropping 0.12%. This decline is partly attributed to strong US job data that has renewed focus on the Federal Reserve’s efforts against persistent inflation, which has exceeded target levels for five years. Right now, the exchange rate stands at 1.3205. Weakness of Sterling […]
Upcoming Week: US Dollar falters amid trade uncertainty with NFP and Eurozone HICP on the horizon
This week, the U.S. dollar (USD) experienced some stagnation, primarily due to ongoing geopolitical tensions and shifts in U.S. trade policies. Following the Supreme Court’s declaration that the Trump administration’s tariffs were illegal, the former administration imposed new tariffs in response. Interestingly, despite the release of better-than-expected producer price index (PPI) figures, the dollar didn’t […]
US Dollar Index remains low under 97.00 even with better-than-anticipated NFP report
US Dollar Weakens Amid Economic Data The US Dollar Index (DXY), which gauges the value of the dollar against a selection of six global currencies, is showing weakness around 96.80 during Thursday’s Asian trading session. Later today, the fresh batch of U.S. jobless claims will be released, but many are looking ahead to the US […]
EUR/USD strengthens above 1.1900 before US January NFP data
On Wednesday morning in Europe, the EUR/USD exchange rate rose to about 1.1915, bolstered by a weakening U.S. dollar. There’s a bit of a cautious atmosphere in the markets as traders await new insights from the U.S. jobs data set to be released later, which will likely influence Federal Reserve decisions. U.S. retail sales data […]
USD/JPY faces difficulties close to one-week low as attention turns to US NFP report
Market Update: USD/JPY Performance The USD/JPY pair has been struggling, hovering below mid-$154.00 as of Wednesday morning in Asia, continuing the downward trend seen over the past couple of days. Traders seem hesitant to make moves, perhaps waiting for the postponed monthly U.S. jobs report. The U.S. Nonfarm Payrolls (NFP) report, initially due in early […]
Forex Today: US Dollar steadying before US NFP
Here’s what you need to know on Wednesday, February 11th. The private sector added about 65,000 jobs on average during the four weeks that ended on January 24, a notable increase from just 5,000 jobs the previous week, according to the U.S. ADP. Meanwhile, retail sales remained stagnant in December, falling short of the anticipated […]
GBP/USD leans positive as markets head towards mid-week NFP report.
GBP/USD Analysis GBP/USD continues to show a generally bullish trend on the daily chart. The price is notably higher than the 50 Exponential Moving Average (EMA) at 1.3507 and the 200 EMA at 1.3310, reinforcing the ongoing uptrend that began after the November 2025 low around 1.2300. But, there was a significant drop from the […]