Dollar is softer ahead of the employment report
Encouraged by some corporate earnings, US index futures are extended this week's gains, but the US jobs report is key. Benchmark 10-year yields are slightly softer in Europe and are little changed on ...
Pound edges higher as UK services PMI beats estimate
The British is in positive territory on Friday. GBP/USD is trading at 1.2555, up 0.16% at the time of writing.
EUR/GBP consolidates around 0.8550, downside likely on firm ECB rate cut bets
EUR/GBP is stuck in a tight range around 0.8550 as the focus shifts to the BoE monetary policy announcement. The Euro struggles to extend the upside as the ECB is expected to announce rate cuts sooner ...
EUR/GBP Price Analysis: Climbing higher within its range
EUR/GBP price is rising within its range after bouncing off support at the range floor. The trend is sideways and likely to ...
Pound Sterling moves above 1.2550 to test the channel’s upper boundary
Additionally, the Moving Average Convergence Divergence (MACD) indicates a momentum shift as it is positioned above the signal line but below the centerline. This momentum indicator could confirm a ...
Bank of England to stay optimistic but avoid endorsing June rate cut
The Bank of England is inching towards the first rate cut, which we expect in August. Expect an optimistic air to Thursday’s meeting but we think the Bank will stop short of rewriting its forward ...
XRP recovers from week-long decline following Ripple’s response to SEC motion
Ripple closed above $0.51 on Wednesday, a level that acted as sticky resistance for the altcoin. The climb above this level ended nearly ten days of decline. XRP is likely climbing towards $0.5478, a ...
FXStreet1h
Will US Payrolls provide a reason for Fed to cut rates this summer?
- Norway Central Bank (Norges) with a hawkish hold as statement notes rates to be maintained ‘for quite some time’. Macro focus pivots to US nonfarm payrolls, unemployment and avg hourly earnings. A ...
USD/JPY extends losses for third consecutive session towards crucial support
The CME Fedwatch Tool suggests an 85.5% probability that June will still see no change to the Federal Reserve's fed fund rate. Odds of a rate cut in July are also broadly out of the cards, while for ...
Pound Sterling exhibits strength with eyes on US NFP
Investors should brace for high volatility ahead of US NFP at 12:30 GMT.
WTI outlook: Crude Oil on track for a weekly loss of over 5%, weighed by demand concerns
Oil is on track for the biggest weekly drop (around 5.6%) in more than three months, weighed by growing demand worries, due to deteriorating geopolitical conditions and prospects for extended period ...
NZD/USD Price Analysis: Comes closer to 0.6000 ahead of US NFP
The NZD/USD pair extends its two-day winning spell on Friday as the US Dollar hits a fresh three-week low ahead of the United ...