The NZD/USD pair records a new YTD high and is gaining in the week some 1.75%. US Nonfarm Payrolls report for February crushed expectations as unemployment ticks lower. NZD/USD Technical Outlook: Neutral-upwards as NZD bulls take a breather and prepare an assault to the 200-DMA. The New Zealand dollar records the second-biggest gain of the
FX
The USD/JPY is set to finish the week with losses, so far down 0.59%. A dismal market mood weighed on US Treasury yields and the USD/JPY. USD/JPY Technical Outlook: A triple-bottom formation targets 117.48. On Friday, the USD/JPY retreats from the double-bottom “neckline” at around 115.80 to weekly lows, negating the chart pattern late in
The USD/CHF eyes to finish the week with losses, down 1.03%. Global equity indices record losses on a busy week impacted by economic data and geopolitical news. USD/CHF Technical Outlook: Neutral biased, confirmed by the DMAs with an almost horizontal slope confined to a 15-pip range. The USD/CHF climbs for the third day in the
USD/CAD reversed sharply higher on Friday to test 1.2800 following strong US jobs data and amid a broadly risk-off tone. Currently, USD/CAD is up about 0.7% on the day and 1.5% versus multi-week lows printed on Thursday under 1.2600. USD/CAD reversed sharply higher on Friday after the release of what traders described as a bumper
NATO Secretary General Jens Stoltenberg stated on Friday that NATO calls on Russian President Vladimir Putin to stop the war in Ukraine immediately without conditions and engage in diplomacy, reported Reuters. Stoltenberg said that the days to come in Ukraine are likely to be worse and NATO has a responsibility to ensure that the conflict
GBP/USD steadies around 1.3350 amid Brexit hopes, eyes on Ukraine, US NFP GBP/USD bears took a breather around 1.3345-50 amid Brexit optimism during early Friday morning in Asia. Even so, the cable pair remains on the back foot for the second consecutive week as the US dollar cheers cautious mood in the market, mainly due
There were 215,000 initial jobless claims in the US in the week ending on 26 February, less than the 226,000 expected and below the week prior, when there were 233,000 claims (revised up from 232,000), data published by the US Department of Labor (DOL) revealed on Thursday. Continued Claims in the week ending on 19
EUR/JPY fades bounce off 13-month low, sidelined of late. Sluggish Momentum, bearish chart pattern keep sellers hopeful. 50-SMA, 200-SMA adds to the upside filters, 2020’s peak also challenge bears. EUR/JPY reverses the corrective pullback from February 2021 lows, marked the previous day, inside a short-term descending trend channel formation. That said, the quote remains pressured
SOFI stock soars in afterhours on Tuesday as earnings boost sentiment. SOFI had been beaten down, so expectations were low ahead of the release. SOFI beat on EPS and revenue and issued strong guidance. SoFi Technologies (SOFI) is an online personal finance company that has garnered quite a bit of investor attention lately. This has been
Bulls look firmer on bullish flag formation, which may scale the spot higher. A pullback towards 0.7255 will be a bargain bid for investors. AUD/USD is holding above the 50 and 150 EMAs, which add to the upside filters. The AUD/USD pair has attracted some significant bids after breaching its narrow dimension. The major looks
“We are striving for Europe to choose for Ukraine,” Ukrainian President Volodymyr Zelenskyy said on Tuesday, as reported by Reuters. “We are fighting to be equal members of Europe,” Zelenskyy added. “Ukraine is giving away its best people for the desire to be treated as equals.” Market reaction Markets remain risk-averse during the European trading hours
EUR/USD is hovering around 1.1200 ahead of fresh impetus from the Russia-Ukraine tensions. Besides Russia, Europe looks to be the most impacted economy from the sanctions. Tuesday’s Manufacturing PMI from the US and Europe will remain under the radar. The EUR/USD is trading lacklustre in the early Asian session on Tuesday as investors are waiting
NASDAQ 100 is set to open sharply lower on Monday. Russia placing nuclear forces on high alert spooked markets. European gas prices continue to surge as stagflation beckons. Global financial markets remain on edge this morning as the Russia-Ukraine conflict looks to be in danger of spilling into a global threat. Over the weekend Russia placed its
Silver prices grind higher after four-week uptrend, recently easing from daily top. Market sentiment dwindles amid anxiety over Kyiv-Moscow negotiations. Western sanctions, Russia’s nuclear alarm keep traders on the edge, EU’s von der Leyen hints at Ukraine’s inclusion in the bloc. Headlines surrounding Russia, Ukraine remain as crucial drivers, second-tier data may entertain traders as
The NZD dollar vs. the JPY finished tie week gaining 1.25%. NZD/JPY Technical Outlook: Neutral-upward biased, confirmed by a bullish RSI. FInishing a busy week on the financial markets, the NZD/JPYended it on the right foot, up 1.25% in the week. Breaking news that Russia would be open to sit down and talk with the
Russia vetoed a draft UN Security Council resolution on Friday that would have deplored Moscow’s invasion of Ukraine, while China abstained from the vote – a move western countries view as a win for showing Russia’s international isolation. The United Arab Emirates and India also abstained from the vote on the US-drafted text. The remaining 11
GBP/JPY reclaimed the 155.00 level on Friday, the pair lifted as a risk appetite revival undermined yen demand. But GBP/JPY continues to trade lower by about 0.8% on the week and ongoing uncertainty regarding geopolitics. GBP/JPY was able to reclaim the 155.00 level on Friday, with the pair lifted as a strong recovery in US
AUD/USD saw a stunning rebound on Friday, rallying back to the mid-0.7200s as risk appetite improved. That marks a near 2.0% rebound from Thursday’s post-Russia invasion of Ukraine lows. Next week will be busy with the RBA deciding policy, US jobs and ISM surveys and Aussie GDP plus geopolitics. AUD/USD saw an ultra-impressive rebound on