Show:
WTI Price Forecast: Bearish bias remains intact under 100-day EMA near $63.00
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.00 during the early European trading hours on Wednesday. The WTI drifts lower as crude inventories unexpectedly rose last week, indicating weaker demand.
US Dollar Index treads water above 98.00 ahead of Nonfarm Payrolls
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is trading around 98.10 during the early European hours on Friday after recovering recent gains from the previous session.
EUR/GBP faces headwinds near 0.8650 following UK Retail Sales, Eurozone GDP eyed
EUR/GBP continues its losing streak for the third successive session, trading around 0.8670 during the Asian hours on Friday. The currency cross faces some headwinds after the release of mixed Retail Sales data from the United Kingdom (UK).
Crude Oil price today: WTI price neutral at European opening
West Texas Intermediate (WTI) Oil price is neutral on Friday, early in the European session. WTI trades at $63.06 per barrel, not far from its Thursday close at $63.06.Brent Oil Exchange Rate (Brent crude), however, advances from its previous close at $66.70 to trade at $66.71.
USD/CAD Price Forecast: Tests confluence support zone around 1.3800, nine-day EMA
USD/CAD trades around 1.3810 during the Asian hours on Friday, halting its four-day winning streak. The technical analysis of the daily chart suggests that the pair moves sideways within an ascending channel pattern, indicating that market sentiment is bullish.
EUR/CAD edges higher above 1.6100 ahead of Canadian employment data
The EUR/CAD pair extends its winning streak for the third trading day on Friday, and trades marginally higher to near 1.6115 during the late Asian trading session. The pair ticks up ahead of the Canadian labor market data for August, which will be published at 12:30 GMT.
AUD/JPY Price Forecast: Keep bullish vibe above 96.50
The AUD/JPY cross trades with mild losses near 96.75 during the early European session on Friday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) after US President Donald Trump signed an executive order on Thursday to lower Japanese auto import tariffs.
Nonfarm Payrolls set to rise by 75K in August amid US labor market concerns
The United States (US) Bureau of Labor Statistics (BLS) will release the critical Nonfarm Payrolls (NFP) data for August on Friday at 12:30 GMT.
EUR/JPY holds steady around 173.00, remains below one-month low ahead of Eurozone GDP
The EUR/JPY cross edges higher during the Asian session on Friday, though it lacks follow-through buying and remains below a one-month high touched earlier this week.
USD/CHF holds losses near 0.8050 amid rising Fed rate cut bets, US NFP eyed
USD/CHF retraces its recent gains from the previous session, trading around 0.8050 during the Asian hours on Friday.
USD/INR edges up at open ahead of US NFP data
The Indian Rupee (INR) ticks down at open against the US Dollar (USD) on Friday. Broadly, the USD/INR pair trades sideways above 88.00 after posting a fresh all-time high earlier this week.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
Silver Price Forecast: XAG/USD attracts some buyers to near $41.00 as US NFP data looms
The Silver price (XAG/USD) attracts some buyers near $40.85 during the Asian trading hours on Friday, bolstered by the weaker US Dollar (USD). The white metal receives support from the prospect of the US Federal Reserve (Fed) rate cut this year.
When are the UK Retail Sales and how could they affect GBP/USD?
The UK Retail Sales, scheduled to be published later this session at 0600 GMT, are expected to have registered a growth of 0.2% in July, compared to a 0.9% increase seen in the previous month.
Gold edges higher as Fed rate cut bets undermine USD ahead of NFP data
Gold (XAU/USD) edges higher during the Asian session on Friday and looks to build on the overnight bounce from the vicinity of the $3,500 psychological mark.
EUR/USD rises above 1.1650 ahead of Q2 Eurozone GDP data
EUR/USD trades around 1.1670 during the Asian hours on Friday, after recovering losses registered in the previous session. The pair appreciates as the Euro (EUR) gains ground ahead of the Eurozone Gross Domestic Product (GDP) for the second quarter.
USD/CAD falls to near 1.3800 ahead of US Nonfarm Payrolls
USD/CAD halts its four-day winning streak, trading around 1.3810 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) faces challenges, driven by softer-than-expected United States (US) job data.
WTI declines below $63.00 as weekly EIA crude inventories unexpectedly build
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.95 during the early Asian trading hours on Friday.
Japanese Yen rises on strong data, USD pressured by Fed rate cut bets ahead of US NFP
The Japanese Yen (JPY) strengthened against its American counterpart during the Asian session on Friday in response to upbeat domestic data, which showed that real wages turned positive for the first time in seven months.
Australian Dollar appreciates as US Dollar weakens on Fed rate cut bets
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Friday, retracing its recent losses registered in the previous session. The AUD/USD pair appreciates as the US Dollar struggles amid softer-than-expected United States (US) job data.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy