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 […]
Looking ahead to next week: US Dollar remains strong as shutdown concludes, NFP and CPI are on the horizon
The U.S. dollar (USD) remained relatively stable this week as market participants reacted to President Trump’s appointment of former Federal Reserve Board member Kevin Warsh as the next Fed chairman. The partial U.S. government shutdown, which delayed some employment and inflation reports, was resolved on Wednesday with the president’s approval of a funding bill. The […]
Pound Sterling declines more against US Dollar as NFP approaches
On Friday, in European trading, the British pound (GBP) is hovering close to its weekly low, resting around 1.3420 against the US dollar (USD). The GBP/USD pair faces pressure as the US dollar continues to gain strength ahead of the upcoming non-farm payrolls (NFP) data scheduled for 13:30 GMT. As of now, the US Dollar […]
US Dollar Index declines below 98.50 before US NFP data
US Dollar Index Trends Amid Economic Reports As early trading commenced in Europe on Tuesday, the US Dollar Index (DXY), which gauges the value of the US dollar (USD) against six other major currencies, hovered in negative territory at about 98.25. The decline came as traders awaited key US economic data, including the delayed employment […]
EUR/USD drops to around 1.1730 as the USD strengthens; attention shifts to NFP and ECB
The EUR/USD currency pair began the week somewhat sluggishly, yet it’s still hovering near its highest point since early October, which it reached last Thursday. Currently, the price is around 1.1730, showing a slight decrease of less than 0.10% for the day. In the Asian session on Monday, the US dollar gained a bit, continuing […]
EUR/USD declines closer to 1.1500 before US NFP report
EUR/USD Continues Losing Streak The EUR/USD currency pair extended its decline on Thursday, marking five consecutive days of losses. During European trading, it slipped to around 1.1500, which is its lowest point in nearly two weeks. This drop can largely be attributed to the dollar’s strength as it continues to outperform other currencies, especially as […]
GBP/USD continues to drop before the upcoming US NFP data release.
GBP/USD Experiences Decline Amid Economic Reports The GBP/USD currency pair faced renewed downward pressure on Wednesday, slipping nearly two-thirds of a percent to around 1.3060. Recent data from the UK Consumer Price Index (CPI) failed to ignite a lasting recovery for the British pound (GBP), resulting in a multi-week low for the currency, marking its […]