The coronavirus, the shocking levels of the key economic indicators and the OPEC+ meeting are at the center of this report.
Tag - usd
The week starts with weaker JPY and GBP, USD stays strong, gold rises to $1,620, and oil hopes for OPEC+ supply cut resolution.
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
Global coronavirus cases have surpassed 1 million, US unemployment claims have doubled, oil has soared, and NFP will come out in a few hours. Watch the video and learn more about the market!
How does the GBP/USD look like?
27,000 people became unemployed in private sector
USD is almost the only currency showing confidence in Forex on April 2, currencies of developing economies losing ground, WTI oil slightly up from $20
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
The US and Canada are awaiting the figures for manufacturing PMI for the short-term moves of the USD and the CAD.
As today is the last day of the first quarter, let’s look at the performance of the major currency pairs and analyze what may come next for them.
The country has come through the worst and is recovering now.