Is the fresh news on the US-China trade deal satisfying enough? Let's find out.
Tag - usd
NFP, China-US trade and other factors
The US CPI and core CPI are due at 15:30 MT time on May 12.
The NFP numbers are bad, but better than expected. The USD/JPY took that as an impulse to rise.
EUR/USD recovered from the March-April support line and formed a “Piercing line” candlestick pattern on the D1.
NFP will be released at 15.30 MT time. What is the forecast?
USD/BRL jumped before the announcement of the Central Bank of Brazil. What was the reason?
NFP for April are coming. 22mln jobs to be deducted from the list. Will the USD withstand the hit?
The main focus is on the UK as the Bank of England made an announcement this morning. Let’s see what’s happening with the British pound and what else moves the market today.
The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
Non-Farm Payrolls data will be released on Friday at 15:30 MT time.