The Non-Farm Payrolls are out at 15:30 MT time on December 6.
Risk-off sentiment pushes safe-havens up
The comment by the US President Donald Trump resulted in the sell-off of the risk-weighted currencies in the market today and an increase of inflows into the safe-haven assets. Of course, those actions were provoked by Trump's suggestion that the US-China trade deal seems unlikely to be reached until the next year's elections.
- USD/JPY has slid below the 200-period SMA and managed to stick below the ascending trendline on H4. If bulls want to push the pair within the uptrend, they will need gear to test the 108.8 level (200-period SMA). If this level is broken, buyers will push the pair higher to the 109.01 level. The key targets from the downside lie at 108.65 and 108.5.
USD/CHF has broken the ascending trendline on H4 and has been moving towards November’s support at 0.9872. After the breakout, bears need to pay attention to the 0.9850 level. As the RSI and stochastic oscillators are oversold, we may suggest that bulls may try to push the pair above the uptrend and test the 0.9896 level. The breakout of this level may push the pair higher to 0.9909.
You will never get bored in the anticipation of the US-China trade deal...
The first week of December will be highlighted by the RBA meeting as well as the job report for the United States. Learn more!
Black Friday for the currency market: the Non-Farm Payrolls are out!
The GBP is surging, the AUD inched lower and the MXN has strengthened
The British pound has rallied versus the other major currencies on the growing expectations that Prime Minister Boris Johnson would win a majority at December 12 election.