Morning Forex report: February 7

On the daily chart, we can see a slight fall of the Kiwi. Mixed figures of Employment change and Unemployment rate that were announced late in evening yesterday affected the currency pair but not so much. Traders are on alert, waiting for the monetary policy statement at 22:00 MT time.

Despite poor wage growth in Japan compared to previous figures, that means the continuation of the loose monetary policy in Japan, USD/JPY pair is still falling. Maybe traders decided that the actual data better than forecast is more important than actual worse than previous one.

In spite of the positive prospects of commodities, the Australian dollar is dropping, a slight decline of Chinese stocks contributed to it.

Canadian negative PMI made the Canadian dollar drop. Canadian purchasing managers poorly rated the economic health.

Pound/Dollar pair remains stable while the euro is losing its positions against the dollar again. 


FED Meeting. PUMP or DUMP?
FED Meeting. PUMP or DUMP?

In this video, we discuss the possible scenarios of prices movement after the FED meetings tomorrow!…

Latest news

FOMC Meeting, Gold Plunge, and Pound Decrease | Market News
FOMC Meeting, Gold Plunge, and Pound Decrease | Market News

Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.

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