2023-08-14 04:19

USD/JPY Intraday: bullish bias above 144.50. Pivot: 144.50 Our preference: Long positions above 144.50 with targets at 145.10 & 145.40 in extension. Alternative scenario: Below 144.50 look for further downside with 144.25 & 144.00 as targets. Comment: The RSI calls for a bounce. EUR/USD Intraday: 1.0900 in sight. Pivot: 1.0975 Our preference: Short positions below 1.0975 with targets at 1.0920 & 1.0900 in extension. Alternative scenario: Above 1.0975 look for further upside with 1.0990 & 1.1005 as targets. Comment: The RSI is bearish and calls for further decline. GBP/USD Intraday: the downside prevails. Pivot: 1.2735 Our preference: Short positions below 1.2735 with targets at 1.2665 & 1.2640 in extension. Alternative scenario: Above 1.2735 look for further upside with 1.2755 & 1.2785 as targets. Comment: The RSI calls for a new downleg. Crude Oil (WTI)‎ (U3)‎ Intraday: look for 81.50. Pivot: 83.80 Our preference: Short positions below 83.80 with targets at 82.20 & 81.50 in extension. Alternative scenario: Above 83.80 look for further upside with 84.30 & 84.85 as targets. Comment: The RSI calls for a drop. Gold Intraday: the downside prevails. Pivot: 1921.00 Our preference: Short positions below 1921.00 with targets at 1910.00 & 1904.00 in extension. Alternative scenario: Above 1921.00 look for further upside with 1927.00 & 1932.00 as targets. Comment: As long as the resistance at 1921.00 is not surpassed, the risk of the break below 1910.00 remains high. AUD/USD Intraday: under pressure. Pivot: 0.6520 Our preference: Short positions below 0.6520 with targets at 0.6485 & 0.6470 in extension. Alternative scenario: Above 0.6520 look for further upside with 0.6535 & 0.6550 as targets. Comment: The RSI advocates for further downside.

2023-08-10 09:28

Euro manages to surpass the 1.1000 hurdle vs. the US Dollar. Stocks in Europe kickstart the session in a positive tone. EUR/USD rises to multi-day tops near 1.1030. The USD Index (DXY) puts the 102.00 support to the test. Final CPI in Italy rose 5.9% YoY in July. (FXStreet) Pound Sterling finds support amid quiet market mood, UK factory data eyed. It is expected that the United Kingdom economy could avoid recession. UK’s GDP is seen growing in Q2 despite the aggressively restrictive monetary policy. (FXStreet) GBP/USD closed in the red for the second straight day on Wednesday but managed to hold above 1.2800. The pair trades in a narrow channel early Thursday. The UK's Office for National Statistics will release second-quarter Gross Domestic Product (GDP) figures on Friday. (FXStreet) USD/JPY gains momentum for the fourth consecutive day, just below the 144.00 barrier. The pair stands above the 50- and 100-hour EMAs with an upward slope. The immediate resistance level is seen at 144.65; the initial support level is located at 143.10. (FXStreet) USD/CAD takes offers to refresh intraday low, printing the biggest daily loss, so far, in more than a week. Oil price cheers cautious optimism, softer US Dollar and technical breakout to stay firmer around YTD top. US Dollar fails to justify trade war fears as markets brace for US CPI with eyes on Fed policy pivot. (FXStreet) NZD/USD clings to mild gains as Kiwi traders brace for US CPI after RBNZ inflation expectations favored buyers. Cautious optimism, US Dollar inaction allow Kiwi pair to consolidate recent losses. Downbeat US inflation can confirm Fed policy pivot and weigh on NZD/USD ahead of next week’s RBNZ. (FXStreet) AUD/USD regains some positive traction on Thursday, albeit lacks follow-through. China’s economic woes hold back bulls from placing fresh bets around the major. Bets for more Fed rate hikes underpin the USD and contribute to capping the upside. Traders might also prefer to wait on the sidelines ahead of the crucial US CPI report. (FXStreet) USD/CHF seesaws around weekly top amid pre-CPI inaction, prints the first daily loss in four. US Dollar pares weekly gains as market sentiment improves despite mixed updates from US, China. US inflation eyed for clear directions as market players heavily bet on Fed policy pivot. (FXStreet) USD/INR meets with a fresh supply on Thursday, though lacks follow-through. The RBI’s decision to maintain the status quo do little to provide any impetus. Traders keenly await the release of the latest US consumer inflation figures. (FXStreet) GBP/JPY gains strong follow-through traction on Thursday and climbs to over a one-month top. The BoJ’s dovish stance, along with a positive risk tone, weigh on the JPY and remain supportive. The BoE’s hawkish guidance offset a bleak economic outlook and underpins the British Pound. (FXStreet) EUR/JPY marches to the highest level since September 2008. Clear upside break of five-week-old falling resistance, absence of overbought RSI and bullish MACD signal together favor bulls. Ascending trend line from March, 21-DMA restrict short-term downside. (FXStreet) WTI now looks at $90.00 and beyond. Prices of WTI continued its march north on Wednesday and reached new yearly highs past the $84.00 mark per barrel. The uptick was on the back of increasing open interest and volume, which is indicative that further gains appear in store in the very near term. Against that, the next target for the commodity emerges at the key $90.00 per barrel ahead of the November 2022 high of $93.73 (November 7). (FXStreet) Gold price extended its weekly slide and dropped below $1,920 for the first time since July 11 on Wednesday. XAU/USD stays relatively quiet early Thursday and fluctuates slightly below that level. (FXStreet) Silver attracts some buying on Thursday and snaps a three-day losing streak to a one-month low. The technical setup still seems tilted in favour of bears and supports prospects for further losses. A move beyond the $23.20-$23.30 confluence support breakpoint might negate the bearish bias. (FXStreet) Natural Gas meets resistance near $3.00. Prices of natural gas rose markedly and briefly surpassed the key $3.00 mark per MMBtu on Wednesday. The pronounced uptick, however, was amidst shrinking open interest, which also imposes a pause in the recent acute rebound, although the strong build in volume does not exclude another spike above the key $3.00 hurdle in the very near term. (FXStreet) On the daily charts, despite the recent softness, BTC/USD has managed to hold quite strong support around 28500, roughly coinciding with the 89-day moving average and the lower edge of the Ichimoku cloud on the daily charts. Importantly, the fall in realized volatility hasn’t altered the higher-top-higher-bottom sequence established late last year, suggesting the interim trend remains up. Only a break below the June low of 24750 would trigger a reassessment of the overall bullish bias. (DailyFX) After the sharp rise from the end of June, ETH/USD’s uptrend appears to have stalled. The recent minor retreat has brought ETH/USD toward strong converged support, including the 200-day moving average, and the 89-day moving average. Importantly, it holds above major support at the June low of 1620. The interim bias (from the end of 2022) remains up while this support is intact. On the upside, the May and July highs of 2020-2030 are crucial barriers. (DailyFX) Source: FXStreet, DailyFX Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet

2023-08-09 09:23

Euro reclaims part of the ground lost vs. the US Dollar. Stocks in Europe open the session with a decent bounce. EUR/USD approaches 1.1000 on improved risk appetite. The USD Index (DXY) returns to the low 102.00s. Chinese inflation figures surprised to the upside in July. (FXStreet) AUD/USD attracts some buying on Wednesday and recovers further from over a two-month low. A modest USD downfall and a positive risk tone lend some support to the risk-sensitive Aussie. China’s economic woes and bets for more Fed rate hikes should keep a lid on any further gains. (FXStreet) Pound Sterling recovers as more interest rate hikes from the BoE are in the pipeline. United Kingdom factory activities will be keenly watched this week. UK PM Rishi Sunak might justify his promise of easing inflation to 5% by year-end. (FXStreet) Following a two-day rally, USD/JPY lost its momentum and retreated to the 143.00 area on Wednesday. The data from Japan showed that Machine Tool Orders declined 198% on a yearly basis in July. (FXStreet) USD/CAD reverses from 10-week high but lacks downside momentum. WTI crude oil prints mild gains while defending weekly trading range at four-month high. Risk appetite improves and allows US Dollar to better brace for inflation data. Fears of slower energy demand from China, US weigh Oil price. (FXStreet) NZD/USD recovers from the lower level in two months but lack follow-through. RBNZ Inflation Expectations for Q3 improves to 2.83% QoQ versus 2.79% prior. Impending bull cross on MACD, gradually improving RSI favor corrective bounce but multiple hurdle check Kiwi bulls. (FXStreet) USD/INR prints the first daily loss in three, retreats from multi-day high. China inflation, Biden Administration’s easy stand on Beijing-backed AI investment ban favor pullback. Cautious mood ahead of RBA Interest Rate Decision, US inflation data restrict Indian Rupee moves. Softer Oil price, US Dollar’s retreat from key resistance add strength to corrective bounce in Rupee. (FXStreet) USD/CHF holds lower grounds near intraday bottom during the first loss-making day in three. Markets stabilize on China news after multiple catalysts fanned risk aversion. Preparations for Thursday’s US CPI, light calendar could restrict immediate Swiss Franc moves. Risk catalysts eyed for clear directions, firmer US inflation backs hawkish Fed concerns and may recall buyers. (FXStreet) USD/CNH prints the first daily loss in four after China inflation data for July. Improvement in PPI supersedes downbeat CPI data to allow Yuan to pare recent losses. MACD, RSI keep buyers hopeful of poking multi-month-old descending resistance line. 21-DMA, fortnight-old rising support line restricts immediate downside of USD/CNH. (FXStreet) USD/MXN holds ground near 17.08, down 0.11% for the day. Recent Federal Reserve (Fed) comments signalled a shift from rate hikes to holding them steady. Market players will closely watch the interest rate decision by Banxico on Thursday. (FXStreet) EUR/JPY oscillates in a narrow trading band through the Asian session on Wednesday. A softer risk tone benefits the safe-haven JPY and acts as a headwind for the cross. The BoJ-ECB policy divergence helps limit the downside and favours bullish traders. (FXStreet) GBP/NZD continues to grind higher and is touching highs last seen back in March 2020. The pair have moved higher since February this year on diverging central bank policy and while one technical indicator (CCI) suggests that the pair are overbought, the short- and medium-term term outlook remains positive. (DailyFX) EUR/GBP remains locked in a range with little reason at the moment to attempt a breakout. The range between 0.8504 and 0.8721 has held for nearly three months, while the pair have started to narrow this range recently. Resistance at 0.8721, originally formed off a prior level of support, is strengthened by the 200-day simple moving average that currently sits just above at 0.8722. The daily charts outlook is not helped by the recent 20-day and 50-day crossover, while the CCI indicator shows that the pair is neither overbought nor oversold. The current range is likely to persist unless a fundamental driver appears. (DailyFX) GBP/JPY lacks any firm intraday direction and remains confined in a narrow range. The BoE’s less hawkish signals and a bleak outlook for the UK economy cap gains. A more dovish BoJ undermine the JPY and helps limit the downside for the cross. (FXStreet) AUD/JPY struggles to gain and currently trades around 93.77, losing 0.05% on the day. Chinese Consumer Price Index (CPI) YoY fell 0.3% (Jul) from 0% prior and -0.4% expected. Japanese policymakers support maintaining ultra-loose monetary policy. (FXStreet) The index faces some selling pressure near 102.40. The small improvement in the risk appetite weighs on the Dollar. Weekly Mortgage Applications will be the sole release in the docket. The greenback, in terms of the USD Index (DXY), retreats from recent tops near 102.80 amidst a broad-based improvement in the risk sentiment. (FXStreet) WTI consolidates in a tight range around $82.30 on Wednesday. The Chinese inflation data fuels concern over the economic slowdown in the nation. The EIA estimated Gross Domestic Product (GDP) to increase by 1.9% in 2023, up from 1.5% in the previous forecast. Market players will monitor the EIA Crude Oil Stocks Change, US inflation data. (FXStreet) Gold price seems supported above $1,920.00 for now as US Dollar corrects. Investors await United States inflation data for further guidance. Fed Williams, Harker expect that interest rates have peaked for now. (FXStreet) Silver attracts some buying and recovers a part of the overnight slide to a one-month low. The recent breakdown below important technical support levels favours bearish traders. Any subsequent recovery might now be seen as a selling opportunity and remain capped. Bitcoin continues to show little sign of life with the cash price stuck in a narrow range over the last 10 weeks. Volatility is at a multi-month low with analysts at Bitcoin on-chain data specialists Glassnode pointing out that ‘The 30-day price range is even more extreme, constricting price to just a 9.8% band over the last month, and with only 2.8% of all months being tighter.Periods of consolidation and price compression at this magnitude are extremely rare events for Bitcoin.’ The 14-day ATR volatility indicator is also showing the uber-low levels of current price action and is at a low last seen in early January this year. (DailyFX) Source: FXStreet, DailyFX Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet.

2023-08-08 09:37

USD/CAD catches aggressive bids on Tuesday and rallies to over a two-month top. Sliding Oil prices undermines the Loonie and lends support amid a strong USD. A sustained breakthrough the 100-day SMA supports prospects for further gains. (FXStreet) EUR/USD recovered above 1.1000 in the early European morning but failed to preserve its bullish momentum. At the time of press, the pair was trading in negative territory below 1.0980. (FXStreet) GBP/USD came within a touching distance of 1.2700 in the European session on Monday but managed to end the day in positive territory as the USD lost its strength during the American trading hours. After encountering resistance at 1.2800, however, the pair retreated to the 1.2750 area on Tuesday. (FXStreet) AUD/USD came under heavy bearish pressure following the disappointing Chinese data in the Asian session on Tuesday. The pair continues to push lower and trades within a touching distance of the two-month low it set at 0.6513 last week. Similarly, NZD/USD is down 0.8% so far on the day and trades at its lowest level since late June at around 0.6050. (FXStreet) USD/JPY registered modest gains on Monday and preserved its bullish momentum on Tuesday, The pair was last seen trading a few pips above 143.00. The data from Japan showed earlier in the day that the Eco Watchers Survey - Outlook improved to 54.1 in July from 52.8 in June. (FXStreet) NZD/USD extends pullback from 10-month-old previous support amid bearish MACD signals. Three-week-old descending resistance line, 200-DMA act as additional upside filters. Kiwi bears approach 50% Fibonacci retracement, June’s low amid further downside. Risk catalysts eyed for clear directions, sellers are likely to keep the reins amid slightly offbeat sentiment. (FXStreet) USD/CHF turns topsy-turvy around 0.8750 ahead of US inflation data. US equities witnessed buying interest after Fed Goolsbee said Fitch’s downgrade to the US debt won’t make any difference. A tight labor market in the Swiss economy could keep inflation higher than the desired rate. (FXStreet) USD/MXN attracts fresh buying on Tuesday and stalls its corrective slide from the monthly top. The technical setup favours bullish traders and supports prospects for further intraday gains. A sustained break below the 17.00 round-figure mark is needed to negate the positive outlook. (FXStreet) GBP/JPY struggles to capitalize on its modest intraday gains to a multi-day peak. The BoE’s less hawkish signals undermine the British Pound and cap the upside. A softer risk tone benefits the safe-haven JPY and also contributes to keeping a lid. (FXStreet) EUR/GBP oscillates around the 0.8604–24 region in a narrow trading band. The German Harmonized Index of Consumer Prices (HICP) came in at 6.5%, as expected. The Bank of England (BoE) policymaker said interest rates were expected to remain high for a longer period. (FXStreet) EUR/JPY picks up bids to refresh intraday high, prods six-week-old descending resistance line. Germany’s inflation gauges match initial forecasts for July. Downbeat Japan real wage pushes back BoJ hawks even as YCC tweak, sluggish yields prod Yen sellers. Risk catalysts eyed for clear directions, technical breakout can challenge yearly top. (FXStreet) AUD/JPY lacks any firm intraday direction, flat-lines around 93.85 for the day. Japanese Household Spending YoY dropped from -4.0% to -4.2% in June. The Australian and Chinese data showed mixed results. Investors will keep an eye on the Chinese Consumer Price Index (CPI) and Producer Price Index (PPI) YoY. (FXStreet) USD/INR clings to mild gains during two-day winning streak, edges higher of late. Mixed concerns about economic developments, central bank talks weigh on sentiment ahead of top-tier data. China Trade Balance rose in July but details appear less impressive. Risk catalysts eyed for clear directions ahead of US inflation, RBI Interest Rate Decision. (FXStreet) Market sentiment remains sluggish, fades the previous risk-on mood ahead of second-tier China, US data. S&P500 Futures prints mild losses after bouncing off one-month low to snap four-day losing streak the previous day. US Treasury bond yields struggle for clear directions after reversing Friday’s weakness the previous day. Mixed signals from Fed, BoJ and BoE join concerns about Eurozone recession to weigh on risk profile amid lackluster trading. (FXStreet) WTI crude oil prints 1.0% intraday loss after a lackluster start to the week. Fears of slowing energy demand from China, firmer US Dollar weigh on Oil price. Risk catalysts eyed ahead of weekly stockpile data, US inflation for clear directions. (FXStreet) The index adds to the positive start of the week above 102.00. US yields correct lower across the curve on Tuesday. Fed’s Harker, Trade Balance, Wholesale Inventories next on tap. The USD Index (DXY), which gauges the greenback vs. a bundle of its main rival currencies, extends the optimism seen at the beginning of the week and maintains the trade above the 102.00 mark for the time being. (FXStreet) Gold price prints a fresh intraday low amid caution ahead of US Inflation data. A tight labor market and high inflation could force the Fed to lift interest rates further. Fed Williams seems confident that the central bank would consider a rate cut in early 2024. (FXStreet) Silver stages a modest recovery from a nearly one-month low touched on Monday. The technical setup favours bearish traders and supports prospects for further losses. A sustained strength beyond the $24.00 mark is needed to negate the bearish bias. (FXStreet) Source: FXStreet, DailyFX Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet.

2023-08-07 09:22

Nonfarm Payrolls in the US rose 187,000 in July, compared to the market expectation of 200,000, the US Bureau of Labor Statistics reported on Friday. With the immediate reaction, the USD came under modest bearish pressure. Some hawkish comments from Fed officials, however, seem to have helped the USD regain its poise. Fed Governor Michelle Bowman argued that the Fed should remain willing to raise the policy rate if data show that progress on inflation has stalled. Atlanta Fed President Raphael Bostic argued that the Fed should keep monetary policy in a restrictive territory well into 2024. According to the CME Group FedWatch Tool, markets are still pricing in a nearly 30% probability of one more 25 basis points Fed rate hike before the end of the year. (FXStreet) EUR/USD comes under some selling pressure and is undermined by reviving USD demand. Bets for more Fed rate hikes turn out to be a key factor lending some support to the buck. Expectations that the ECB will soon end its rate-hiking cycle contribute to the offered tone. (FXStreet) AUD/USD meets with some intraday supply on Monday and is pressured by reviving USD demand. The US jobs data reaffirms expectations for one more rate hike by the Fed and underpins the USD. China’s economic woes and a softer risk tone also contribute to driving flow away from the Aussie. (FXStreet) NZD/USD regains positive traction on Monday, albeit lacks follow-through. A positive tone around the US equity futures benefits the risk-sensitive Kiwi. Bets for more Fed rate hikes revive the USD demand and act as a headwind. (FXStreet) USD/JPY stands above the 50- and 100-hour EMAs with an upward slope. The immediate resistance emerges at 142.60; the key contention is located at 142.00. The Relative Strength Index (RSI) stands below 50, MACD holds in bearish territory. (FXStreet) GBP/USD attracts some sellers on Monday and is pressured by modest USD strength. Bets for more interest rate hikes by the Fed help revive demand for the Greenback. The BoE’s less hawkish forward guidance also contributes to the mildly offered tone. (FXStreet) USD/CAD seeks clear directions at two-month high as bulls and bears jostle after four-day uptrend. WTI crude oil retreats from yearly high marked in April amid fears of slowing energy demand from China, firmer US Dollar. Downbeat Canada employment report contrasts with mixed US jobs report and hawkish Fed talks to keep Loonie pair buyers hopeful. US CPI for July will be crucial for bulls to watch amid Fed’s readiness for rate hike in September. (FXStreet) USD/CHF prints the first daily gains in three within one-week-old rising wedge bearish chart pattern. 50-SMA adds strength to 0.8720–15 support amid bearish MACD signals. 200-SMA guards immediate upside ahead of nine-week-old descending resistance line. Multiple troughs marked since mid-July together constitute short-term key support near 0.8565-55. (FXStreet) USD/CNH clings to mild gains during two-day winning streak. Fears of China typhoon Doksuri, US economic fears propel offshore China Yuan price. Expectations of China stimulus, consolidation ahead of US inflation add strength to corrective bounce. Inflation data from US, China will be crucial for clear directions. (FXStreet) USD/IDR clings to mild gains around intraday high despite better-than-prior Q2 Indonesia GDP. US Dollar rebounds ahead of inflation data amid hawkish Fed talks, mixed statistics at home. Cautious optimism in Asia-Pacific zone joins sluggish markets to restrict Rupiah moves. (FXStreet) USD/INR posts a modest gain around 82.70 ahead of the key event. The Reserve Bank of India (RBI) is expected to hold the key interest rate at 6.50%. The US Nonfarm Payrolls report showed that the US economy added 187,000 jobs in July. Investors focus on the RBI policy meeting, the Indian CPI Industrial Production. (FXStreet) USD/MXN holds lower ground near intraday bottom, defends previous day’s U-turn from support-turned-resistance. Clear break below 50-DMA keeps Mexican Peso buyers hopeful. US CPI, Mexico Core Inflation for July eyed for clear directions. (FXStreet) GBP/JPY snaps three-day downtrend but lacks follow-through. 21-EMA, bearish MACD signals prod pair buyers even as upbeat yields, cautious optimism favor upside. Downbeat prints of preliminary readings of Q2 UK GDP, break of 50-EMA can convince sellers to retake control. (FXStreet) AUD/JPY stays defensive around 93.50, gaining 0.37% for the day. The cross trades within a descending trend channel line from the middle of June on the four-hour chart. The immediate resistance level for AUD/JPY is seen at 94.00; an initial support level is located at 93.00. (FXStreet) EUR/GBP retreats from intraday high after rising in the last four consecutive days. German Industrial Production growth contracts more than expected in June. Fears of downbeat UK employment conditions, economic fears about Britain check pair bears. UK Q2 GDP, second-tier data from Eurozone/Germany may entertain traders. (FXStreet) The index regains the smile and retest the 102.30 area. Fed’s Bowman advocated for further tightening if needed. US inflation figures will be the salient event this week. The greenback, when gauged by the USD Index (DXY), leaves behind part of the recent weakness and reclaims the area around 102.30 as the risk-off mood seems to prevail early on Monday. (FXStreet) WTI crude oil prints three-day winning streak to poke yearly high marked in April, sticks to daily gains of late. OPEC+ production cuts join price-positive statements from Saud Arabia, Russia to underpin Oil price run-up. Hopes of easy rates, China stimulus and US Dollar’s pullback add strength to WTI run-up. This week’s inflation data from US, China will be crucial for Oil traders. (FXStreet) Natural gas prices aimed cautiously lower over past 2 weeks. Daily price action continues to underscore a neutral view. Meanwhile, 4-hour chart is showing bearish developments. (DailyFX) Gold price drops sharply amid strength in the US Dollar as focus shifts to US CPI. Fed’s Bostic supports the continuation of the rate-tightening cycle amid resilience in consumer spending. JP Morgan looks confident that the US economy will not enter a recession. (FXStreet) Silver comes under fresh selling pressure on Monday and seems vulnerable to sliding further. Failure near the 50% Fibo. and negative oscillators on the daily chart favour bearish traders. A sustained move beyond the $24.00 confluence is needed to negate the negative outlook. (FXStreet) Bitcoin spent the weekend in a relatively tight channel and was last seen moving sideways at around $29,000. Ethereum struggles to find direction and moves up and down in a narrow band slightly above $1,800. (FXStreet) Source: FXStreet, DailyFX Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet.

2023-08-04 09:21

Market Update - 04 Aug 2023 EUR/JPY stays pressured after two-day losing streak, lacks clear directions of late. German Factory Orders post notable growth in June, crosses market forecasts and prior readings. Pullback in global Treasury bond yields from multi-day peaks weigh on prices amid cautious optimism. Looming divergence between ECB and BoJ monetary policy keeps sellers hopeful ahead of Eurozone Retail Sales. (FXStreet) NZD/USD retreats from intraday high, reversing previous day’s rebound from five-week low. Doji candlestick at multi-day low, below-50.0 RSI conditions put a floor under Kiwi price. Bulls have a long and bumpy road ahead, two-month-old previous support line guards immediate upside. US NFP bears downbeat forecasts but early signals make it interesting for Greenback buyers. (FXStreet) EUR/USD remains on the defensive near 1.0945, losing 0.02% for the day. Germany's Factory Orders rose 3.0% YoY compared to -4.4% prior. Traders await the US Nonfarm Payrolls, Unemployment Rate and Average Hourly Earnings data. (FXStreet) USD/CHF regains some positive traction and reverses a major part of the overnight slide. A positive risk tone undermines the safe-haven CHF and lends support amid a bullish USD. Traders keenly await the crucial US NFP report before placing aggressive directional bets. (FXStreet) GBP/JPY struggles to capitalize on its modest intraday gains on Friday. The BoE’s hawkish signals turn out to be a key factor capping the upside. The BoJ’s dovish stance and a positive risk tone should help limit losses. (FXStreet) The index alternates gains with losses in the mid-102.00s. US yields poised to extend the recent rally on Friday. US Nonfarm Payrolls takes centre stage across the pond. The greenback, in terms of the USD Index (DXY), still appears under pressure around the 102.50 region at the end of the week. (FXStreet) EUR/GBP struggles to capitalize on its modest intraday bounce from the 0.8600 mark. The BoE’s less hawkish signals undermine the GBP and act as a tailwind for the cross. Speculations that the ECB will soon pause its rate-hiking cycle caps gains for the Euro. (FXStreet) Gold price remains confined in a narrow range around the $1,930 level. The upbeat data could convince the Federal Reserve (Fed) to hike additional rates. The renewed tensions between the US-China might benefit gold, a traditional safe-haven asset. All eyes are on the US Nonfarm Payrolls, Unemployment Rate data due later in the day. (FXStreet) Silver remains under some selling pressure for the fourth straight day on Friday. The technical setup favours bears and supports prospects for a further downfall. A sustained strength back above the $24.00 mark might negate the negative bias. (FXStreet) Source: FXStreet, DailyFX Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet.