EURUSD Rebound in Focus Amid Dismal ISM Survey, Mixed Fed Rhetoric
EURUSD may stage a larger rebound over the coming days as signs of a slowing economy puts pressure on the Federal Reserve to reverse the four rate hikes from 2018.
EURUSD Vulnerable to Larger Pullback on Strong US Job/Wage Growth
Updates to the US Non-Farm Payrolls (NFP) report may keep EURUSD under pressure as the economy is anticipated to add 160K jobs in June.
US Dollar Rally Needs a Fresh Boost From US Payrolls Report (NFPs)
The US dollar is trading near its recent 2-year high on the back of a ‘wait-and-see’ FOMC outlook and supportive US Treasury yield differentials. A strong US payrolls report will be needed to drive the greenback to a fresh high.
Gold Prices Risk Larger Rebound Amid Failed Attempts to Test 2019-Low
Gold pares the decline from earlier this week following the U.S. NFP report, with the price for bullion marking another failed attempt to test the 2019-low ($1277).
EUR/USD Rate to Hold 2019 Range on Another Dismal NFP Report
Another below-forecast NFP print may spark a short-term rebound in EUR/USD as it puts pressure on the Federal Reserve to reverse the four rate-hikes from 2018.
USD/JPY Retail Longs Surge Even as Bullish Momentum Abates
The recent rebound in USD/JPY has sparked a further adjustment in retail interest even as the RSI threatens the bullish formation from earlier this year.
