USD is at two-week low, gold rises
Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
Fly with the USD on NFP!
The US Non-Farm Payrolls are announced on Friday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
In the last three months, the US economy has been doing pretty well from the side of the labor market. In July, 1.76mln jobs were added into the economy after a stunning spike of 4.8mln jobs in June. In the meantime, the USD has been strategically losing value against most of its counterparts since June. That’s why beating the market expectations this Friday would be a very timely boost for the USD to regain its power and status as the safe-haven asset – especially in view of the nearing US elections in November.
- If the jobs data is better-than-thought, the USD will get stronger.
- Otherwise, it will lose value.
Similar
Any optimism for the Canadian labor market?
Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
Forex today: gold, AUD/USD, and USD/JPY
Read the report to get the fresh market wrap and trade ideas for today!
Latest news
S&P ASX 200: one step from a breakthrough
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Strong USD is back
Jump in to know the latest market news and trade ideas for today!
NZD will be driven by RBNZ
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
Deposit with your local payment systems
