Forex TechnicalUSD/JPY Above 100 The dollar was mostly lower versus its rivals on Friday. US nonfarm payrolls fell 663K and the unemployment surged to a 25-year high of 8.5% in March. Risk sentiment remains a main driver in the FX market and a plunging labor market did not hurt risk appetite. US stocks advanced and [...]
Forex TechnicalUSDCAD drops sharply to as low as 1.2237 and the fall from 1.2714 is treated as resumption of the medium term downtrend from 1.3063 (Mar 9 high). Deeper decline could be seen to test 1.2191 previous low support. If this level gives way, the next target would be at 1.1900-1.2000 area. Initial resistance is [...]
Forex TechnicalThe disappointing March US non-farm payroll data was widely expected after the release of US ADP employment of the same month which came at -742k referring to a continuation of the massive pace of contraction in US and further declining of the consuming spending to come. The US has lost another 633k jobs in [...]
Forex TechnicalUSDCHF remains in downtrend from 1.1963, the rise from 1.1159 is more likely consolidation of the downtrend. The pullback from 1.1548 could possibly be resumption of the downtrend. Deeper decline is expected to test 1.1159 support, a break down below this level will signal further fall towards 1.0800 zone. Initial resistance is now at [...]
Euro Exchange Rate
