2023-07-17 09:47

USD/JPY meets with some supply on Monday and is pressured by a combination of factors. Speculations that the BoJ will tweak its YCC policy and a softer risk tone underpin the JPY. The emergence of some USD selling further contributes to the offered tone around the pair. (FXStreet) USD/CAD edges higher for the second straight day, albeit lacks any follow-through buying. Sliding Crude Oil prices undermines the Loonie and is seen lending some support to the pair. Subdued USD demand caps the upside amid mixed technical setup on hourly and daily charts. (FXStreet) The index remains under pressure near the 100.00 zone. Risk appetite trends appear mixed at the beginning of the week. The NY Empire State Index will be the sole release on Monday. The greenback, in terms of the USD Index (DXY), navigated a tight range close to the key 100.00 neighborhood at the beginning of the week. (FXStreet) EUR/JPY remains steady and consolidates in a narrow range on Monday. Next resistance level is seen at 156.15, an initial support appears near 155.40. The Relative Strength Index (RSI) indicates the non-directional movement in the cross. (FXStreet) USD/CHF fades the previous day’s corrective bounce off the lowest level since January 2015. US Dollar lacks recovery momentum amid pre-Fed blackout. Downbeat mood, US data puts a floor under Swiss Franc pair around multi-month low. US Empire State Manufacturing Index, Retail Sales eyed for clear directions. (FXStreet) NZD/USD has dropped to near 0.6350 despite USD Index remaining choppy. NZ inflation is expected to soften significantly amid aggressive interest rate policy by the RBNZ. The USD Index is making efforts to deliver a solid recovery after a significant sell-off. (FXStreet) GBP/JPY has delivered a recovery move from 181.00 as BoE is expected to announce a bigger rate hike ahead. UK’s core inflation is expected to remain steady and might keep a strict burden on households. Former BoJ Kameda forecasted that the central bank won’t do any tweaks in the interest rate policy. (FXStreet) AUD/USD picks up bids to pare intraday losses amid sluggish session. Mixed China data, fears of Australia’s economic slowdown, uptick in unemployment rate prod Aussie pair buyers. Market’s consolidation amid pre-Fed blackout favors US Dollar but lack of important data/events, Japan’s holiday prods DXY bulls. Second-tier US data, risk catalysts eyed for intraday clues, RBA Minutes, Aussie jobs report and US Retail Sales are crucial. (FXStreet) EUR/USD has turned sideways as investors are awaiting a fresh trigger for further guidance. S&P500 futures have generated some losses, portraying caution among market participants as the result season has kicked off. The Euro has got extreme strength as the ECB is expected to conclude its rate-hiking spell beyond July. (FXStreet) USD/INR edges higher for the third consecutive day as bull’s eye 200-EMA. Upbeat RSI (14), sustained rebound from two-week-old rising support line keeps Indian Rupee pair buyers hopeful. Descending resistance line from July 06 holds the key to USD/INR run-up. (FXStreet) USD/IDR struggles to defend Friday’s corrective bounce despite downbeat Indonesia trade numbers for June. Indonesia Exports slumped 21.18% in June versus 0.96% prior, -18.65% expected. Risk aversion, pessimistic headlines surrounding China also put a floor under the Rupiah pair. (FXStreet) USD/MXN remains confined in a narrow trading band near its lowest level since December 2015. The formation of a descending channel points to a well-established downtrend and favours bears. A sustained strength beyond the 17.30-40 confluence is needed to negate the negative outlook. (FXStreet) WTI crude oil holds ground near the $74.40 mark in the early European morning. Supply disruptions in Libya and Nigeria lift the price amid output cuts by Saudi Arabia and Russia. Fears of an economic slowdown in China could have a negative impact on the oil price. Market participants will take cues from the unexpected supply disruptions and the US data. (FXStreet) Friday’s d third consecutive daily pullback in prices of natural gas came in tandem with rising open interest and suggests that further losses could be in store for the commodity in the very near term. In the meantime, there is still a decent contention in the $2.50 region per MMBtu. (FXStreet) Gold loses momentum and holds above $1,950 in the Asian session. The upbeat US consumer confidence and mixed Chinese data lifted the US Dollar and might cap the upside for gold. Markets will take cues from the US Empire State Manufacturing Index and Retail Sales later this week. (FXStreet) Silver edges lower on Monday and snaps a three-day winning streak to over a two-month high. The technical setup favours bulls and supports prospects for the emergence of some dip-buying. Any meaningful corrective slide might now be seen as a buying opportunity and remain limited. (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.

2023-07-14 08:55

EUR/USD picks up bids to refresh a 16-month high near 1.1235 during early Friday, rising for the seventh consecutive day to brace for the biggest weekly gain since November 2022. In doing so, the Euro pair fails to justify hawkish comments from Federal Reserve Governor Christopher Waller, as well as the cautious mood ahead of the mid-tier data from the US and Eurozone. (FXStreet) The GBP/USD pair oscillates in a narrow trading band during the Asian session on Friday and consolidates its recent strong gains registered over the past two weeks or so, to its highest level since April 2022. Spot prices currently trade around the 1.3130-1.3125 region and the fundamental backdrop still seems tilted firmly in favour of bullish traders. (FXStreet) The USD/CHF pair enters a bearish consolidation phase and oscillates in a narrow trading band around its lowest level since January 2015 touched during the Asian session on Friday. Spot prices remain below the 0.8600 mark and seem vulnerable to prolonging a six-day-old bearish trend. (FXStreet) USD/JPY rebounds from the lowest levels in two months while paring intraday loss near 137.70 heading into Friday’s European session. In doing so, the Yen pair justifies oversold RSI conditions despite being in the red for the seventh consecutive day. (FXStreet) The AUD/USD pair is seen consolidating its recent strong gains to a nearly one-month top and oscillating in a narrow trading band through the Asian session on Friday. Bulls now await a sustained strength above the 0.6900 round figure before placing fresh bets and positioning for an extension of the recent rally witnessed over the past week or so, from sub-0.6600 levels or the monthly low. (FXStreet) The NZD/USD pair is aiming to shift auction above the round-level resistance of 0.6400 in the Asian session. The Kiwi asset has got enormous strength as the US Dollar Index (DXY) has slipped below the psychological support of 100.00. The USD Index has dropped to near 99.60 as the United States economy is swiftly approaching towards 2% inflation scenario due to aggressive policy-tightening from the Federal Reserve (Fed). (FXStreet) The USD/CAD pair licks its wounds around the 1.3100 area, the lowest level in 10 months. The pair remains under pressure following weaker US inflation data earlier in the week. (FXStreet) The EUR/GBP cross attracts some buying near the 0.8535 region on Friday, albeit struggles to capitalize on the modest intraday uptick and remains confined in the previous day's broader range. Spot prices, however, manage to hold above the lowest level since August 2022 touched on Thursday and currently trade around the 0.8550-0.8555 zone, up less than 0.10% for the day. (FXStreet) USD/CNH bears lick their wounds at the lowest level in a month as the offshore Chinese Yuan pair rebounds from the monthly low to 1.1470 early Friday, after initially refreshing the multi-day bottom. In doing so, the pair justifies the market’s mixed concerns about Beijing even as the dovish Federal Reserve (Fed) bias weighs on the quote. (FXStreet) EUR/PLN has reached and fallen below Commerzbank’s end-2023 target of 4.45. The bank updates its EUR/PLN forecasts. (FXStreet) The AUD/NZD pair consolidates in a narrow range between the 1.0750-1.0790 area on the four-hour chart. The path of least resistance for the AUD/NZD is to the downside, as the cross stands below the 200-hour Exponential Moving Average (EMA). (FXStreet) USD/TRY reverses the previous day’s losses while rising to 26.13 heading into Friday’s European session. In doing so, the Turkish Lira (TRY) pair justifies the US Dollar’s corrective bounce from the multi-day low amid sluggish trading hours ahead of mid-tier US consumer-centric data. (FXStreet) The USD/MXN has found intermediate supported after correcting to near 16.82 in the early European session. The downside bias in the asset has not faded yet and for a sustained bullish reversal, the pair has to pass through various filters. The major has followed the footprints of the US Dollar Index (DXY), which has also made a recovery attempt around 99.55. (FXStreet) EUR/JPY recovers from the intraday low but stays mildly offered near 154.80 heading into Friday’s European session. In doing so, the cross-currency pair traces the latest corrective bounce in the Treasury bond yields, as well as justifies the downbeat Japan data, amid sluggish trading hours. (FXStreet) The GBP/JPY pair hovers around the 180.60 mark in the Asian session on Friday. The cross struggles to gain traction after retreating from the 181.40 region. (FXStreet) USD/INR renews intraday low near 81.96 during Friday morning in India as markets braces for the mid-ties US data to confirm the recently dovish concerns about the Federal Reserve (Fed). (FXStreet) The AUD/JPY cross comes under some selling pressure during the Asian session on Friday and stalls its recovery from the monthly low, around the 93.25-93.20 region touched earlier this week. Spot prices drop to a fresh daily low, around the 94.55 area in the last hour and for now, seem to have snapped a two-day winning streak. (FXStreet) Prices of WTI extended their monthly rally and flirted with the key 200-day SMA above the $77.00 mark on Thursday. The strong uptick came amidst increasing open interest and volume and leaves the door open to the continuation of the uptrend to, initially, the key $80.00 mark per barrel in the very near term. (FXStreet) Prices of natural gas extended the weekly corrective decline on Thursday. The negative price action was on the back of increasing open interest and volume and this is indicative that further losses appear in the pipeline in the very near term. So far, the $2.50 region per MMBtu still emerges as an initial decent contention for the commodity. (FXStreet) Gold price (XAU/USD) is demonstrating a non-directional performance from Thursday after a stalwart rally to near $1,960.00. The precious metal has failed to capitalize on soft inflation and Producer Price Index (PPI) June report, which cleared that households’ demand has turned subdued and the path towards the 2% inflation target is intact. (FXStreet) Silver Price (XAG/USD) retreats from the highest levels since early May, down 0.11% intraday near $24.85 amid the mid-Asian session on Friday. In doing so, the XAG/USD portrays the market’s anxiety ahead of the US consumer-centric data for July while printing the first daily loss in three. (FXStreet) BTC/USD has rebounded from near major cushion on the 200-day moving average, coinciding with the lower edge of a rising channel from early 2023. This coupled with the subsequent rise above minor resistance at the May high of 28460 has confirmed that the downward pressure has faded, raising the odds of further gains. (DailyFX) On technical charts, ETH/USD last month rebounded from strong converged support on the 200-day moving average, coinciding with an upper edge of a rising trendline from the end of 2022. The hold above the major average is an important sign, keeping intact the medium-term upward bias. See the previous update highlighting the significance “Bitcoin & Ethereum Slide as Fed Signals Higher Rates: BTC/USD & ETH/USD Price Setups”, published June 15. (DailyFX) Cryptocurrencies jumped after a US judge ruled on Thursday that Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges. Technical charts suggest Bitcoin and Ethereum could be preparing for another leg higher. (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.

2023-07-13 08:46

The EUR/USD pair is consistently moving north with sheer momentum as soft United States Consumer Price Index (CPI) data drummed that only one interest rate hike option has left in the toolkit of the Federal Reserve (Fed) by year-end. The major currency pair has climbed to near 1.1150 as the US Dollar Index (DXY) is facing winter and the market mood is quite cheerful. (FXStreet) The GBP/USD pair trades with a positive bias for the sixth successive day on Thursday and touches a fresh 15-month peak during the Asian session, with bulls now looking to build on the momentum beyond the 1.3000 psychological mark. (FXStreet) USD/JPY remains weak and could extend the decline to the 137.15 level in the next few weeks, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. (FXStreet) The AUD/USD pair edges higher during the Asian session on Thursday and looks to build on the overnight breakout rally through a technically significant 200-day Simple Moving Average (SMA). Spot prices currently trade near a three-week top and remain well supported by the prevailing US Dollar (USD) selling bias, with bulls now awaiting a sustained strength beyond the 0.6800 mark before placing fresh bets. (FXStreet) The NZD/USD pair gains strong positive traction for the second straight day on Thursday and jumps to over a two-month peak, around the 0.6350-0.6355 region during the early European session. (FXStreet) The USD/CAD pair struggles to capitalize on the previous day's late rebound from the 1.3145-1.3140 area and meets with a fresh supply on Thursday. The intraday downfall - marking the third straight day of a negative move and the fourth in the previous five - drags spot prices back closer to over a two-week low touched on Wednesday. (FXStreet) USD/CNH could slip back to the 7.1250 level once 7.1500 is breached, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. (FXStreet) The USD/JPY pair has retreated after a short-lived pullback to near 138.83 in the European session. The asset has resumed its downside journey as soft inflationary pressures in the United States have provided assurance that the Federal Reserve (Fed) will come out with only one more interest rate hike by the year-end. (FXStreet) USD/INR continues to hold within the 81-83 range since the start of the year. Economists at Commerzbank analyze the Rupee outlook. (FXStreet) The EUR/JPY pair remains steady, close to 154.50 region in the early European session., the cross stands below the 100-hour Exponential Moving Average (EMA) with a downward slope, indicating that the path of least resistance is to the downside. (FXStreet) The AUD/JPY cross builds on the previous day's late recovery from the 93.25-93.20 area, or its lowest level since June 9 and gains some positive traction for the second successive day on Thursday. Spot prices climb to a two-day high, around the 94.40 region during the Asian session and now look to extend the momentum further beyond the 100-hour Simple Moving Average (SMA). (FXStreet) The USD/MXN pair struggles to capitalize on the previous day's modest bounce from the 16.8085 region, or its lowest level since December 2015 and oscillates in a narrow trading band through the Asian session on Thursday. Spot prices, meanwhile, now seem to have found acceptance below the 17.0000 mark and remain vulnerable to depreciate further. (FXStreet) As the Asian session begins, the CAD/JPY extends its losses to seven straight days, registering minimal losses of 0.07%. Despite the Bank of Canada (BoC) raising rates by 25 bps to 5% on Wednesday, the CAD/JPY pair failed to gain traction and lost 0.99% or 100 pips. As of writing, the CAD/JPY trades at 104.96, nearby the weekly low of 104.79. (FXStreet) Prices of WTI extended the move higher on Wednesday and surpassed the $75.00 mark per barrel on the back of increasing open interest and volume. That said, the commodity could attempt a challenge to the key 200-day SMA, today around $77.20. (FXStreet) Prices of natural gas reversed two daily advances in a row on Wednesday. The uptick was amidst increasing open interest and volume and suggests a potential decline in the very near term. So far, there are no changes to the range bound theme in the commodity. (FXStreet) Gold price (XAU/USD) has faced fragile barricades while attempting to surpass the immediate resistance of $1,960.00 in the late Asian session. The precious metal has is expected to resume its upside journey as inflationary pressures in the United States have softened dramatically and are sufficient to encourage the Federal Reserve (Fed) to go with only one interest rate hike by year-end. (FXStreet) Silver builds on the overnight breakout momentum beyond the 100-day Simple Moving Average (SMA) and gains follow-through traction during the Asian on Thursday. The white metal touches a one-month high, around the $24.25 region in the last hour and seems poised to prolong its recent appreciating move witnessed over the past three weeks or so. (FXStreet) Source: FXStreet 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.

2023-07-12 09:47

The EUR/USD pair has confidently shifted above the psychological resistance of 1.1000 in the Asian session. The major currency pair is in a bullish trajectory as the US Dollar Index (DXY) has extended its losses to 101.37 ahead of the United States Consumer Price Index (DXY). (FXStreet) The GBP/USD pair climbs above the psychological 1.2950 round mark and holds above that level in the early Asian session this Wednesday. The pair flirts with 15-month highs, underpinned by broad US dollar weakness and the possibility of further rate hikes by the Bank of England (BoE). (FXStreet) The USD/JPY pair extends its recent sharp pullback from the YTD peak - levels just above the 145.00 psychological mark - and continues drifting lower for the fifth successive day on Wednesday. The downward trajectory drags spot prices to the 139.30 level, or a nearly one-month low during the early European session, though pauses near the 38.2% Fibonacci retracement level of the March-June rally. (FXStreet) The AUD/USD pair retreats over 50 pips from a nearly three-week high touched this Wednesday and slides back below the 0.6700 round-figure mark during the early European session. (FXStreet) The NZD/USD pair has resumed its upside journey after a marginal correction to near 0.6212 in the early London session. The Kiwi asset has remained in the upside trajectory after the Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged at 5.5%. (FXStreet) The USD/CAD pair has found support near the round-level cushion of 1.3200 in the European session. The Loonie asset has rebounded following the recovery action in the US Dollar Index (DXY). The USD Index has attempted recovery after building a base around 101.35. (FXStreet) The GBP/JPY pair has stretched its south-side run to near the critical support of 180.50 in the London session. The cross has faced immense selling pressure as investors are hoping a tweak in the Yield Curve Control (YCC) by the Bank of Japan (BoJ) in its monetary policy on July 28. (FXStreet) The EUR/GBP pair has rebounded after building a base marginally above the round-level support of 0.8500 in the European session. For fetching immense strength in the recovery move, the cross is yet to pass plenty of filters. (FXStreet) WTI prices rose markedly to the boundaries of the $75.00 mark per barrel on Tuesday amidst rising open interest and volume. That said, the door now appears open to the continuation of the ongoing rebound to, initially, the key 200-day SMA just above the $77.00 yardstick. (FXStreet) Prices of natural gas maintained the optimism and climbed to multi-session highs past the $2.70 zone on Tuesday. The move, however, was on the back of shrinking open interest, which should remove some strength from the weekly rebound. In the meantime, the $2.50 region per MMBtu continues to hold the downside for the time being. (FXStreet) Gold price (XAU/USD) has printed a fresh three-week high at $1,941.60 in the early European session. The precious metal is gathering strength to deliver a confident break above $1,940.00 as the US Dollar Index (DXY) is under extreme pressure due to expectations of further deceleration in the United States Consumer Price Index (CPI) data. (FXStreet) Silver attracts some dip-buying during the Asian session on Wednesday and stalls the overnight rejection slide from the vicinity of the 100-day Simple Moving Average (SMA). The white metal currently trades around the $23.25 region, up nearly 0.50% for the day, and remains well within the striking distance of a three-week high touched on Tuesday. (FXStreet) Source: FXStreet 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.

2023-07-11 09:39

The EUR/USD pair is maintaining an auction comfortably above the psychological resistance of 1.1000 in the Asian session. The major currency pair has got immense strength as the US Dollar Index (DXY) has continued its three-day losing spell. (FXStreet) USD/JPY remains on the back foot for the fourth consecutive day as sellers attack May’s peak below 141.00, down 0.50% intraday near 140.60 heading into Tuesday’s European session. (FXStreet) GBP/USD moves to within touching distance of the 1.3000 level for the first time since April of last year. Economists at MUFG Bank analyze the pair’s outlook. (FXStreet) The USD/CHF pair has delivered a perpendicular fall to near 0.8840 in the early European session. The Swiss Franc asset is expected to deliver further breakdown as the market mood is quite upbeat and the appeal for the US Dollar Index (DXY) is extremely weak. (FXStreet) The AUD/USD pair continues with its struggle to make it through the very important 200-day Simple Moving Average (SMA) and attracts some intraday selling in the vicinity of the 0.6700 mark on Tuesday. Spot prices retreat to the lower end of the daily range, around the 0.6680-0.6675 region, though lack follow-through and remain well within a familiar trading band held over the past week or so. (FXStreet) The USD/CAD pair comes under some renewed selling pressure on Tuesday and drops to a four-day low, around the 1.3245 region during the early European session. Spot prices, however, manage to recover a major part of the intraday losses and currently trade near the 1.3275-1.3280 region, nearly unchanged for the day. (FXStreet) The NZD/USD pair has displayed a steep fall after failing to extend upside above the critical resistance of 0.6220 in the London session. The Kiwi asset has sharply dropped below the round-level support of 0.6200 as investors have turned cautious ahead of the interest rate decision by the Reserve Bank of New Zealand (RBNZ). (FXStreet) The GBP/JPY pair has sensed selling pressure while attempting to hit the immediate resistance of 182.00 in the early London session. The cross has faced a sell-off as the United Kingdom labor market data has missed expectations. (FXStreet) EUR/GBP reverses from intraday high, refreshing the daily low near 0.8550 as a slew of UK/EU data released early Tuesday. (FXStreet) EUR/JPY remains on the back foot for the sixth consecutive day as it flashes the 154.93 figure heading into Tuesday’s European session. In doing so, the cross-currency pair declines to the lowest levels in three weeks. (FXStreet) NZD/USD pares intraday gains around 0.6215-10 as it reverses from the highest levels in three weeks heading into Tuesday’s European session. In doing so, the Kiwi pair struggles to defend the three-day uptrend amid the market’s cautious mood ahead of Wednesday’s Reserve Bank of New Zealand (RBNZ) Interest Rate Decision and the US inflation data for June per the Consumer Price Index (CPI) indicator. (FXStreet) USD/INR drops for the third consecutive day as it renews intraday low near 82.40 amid early Tuesday in Europe. In doing so, the Indian Rupee (INR) pair pokes a one-week-old rising support line while extending the previous week’s retreat after failing to cross the 82.80 upside hurdle. (FXStreet) The USD/CHF pair remains under some selling pressure for the fourth straight day on Tuesday and slides to over a two-month low, around the 0.8845 region during the Asian session. (FXStreet) WTI crude oil price remains on the front foot as it renews its intraday high near $73.40 while reversing the previous day’s pullback from a multi-day high early Tuesday. In doing so, the black gold bounces off a seven-week-old previous resistance line to poke the 100-DMA hurdle. (FXStreet) Natural Gas Price (XNG/USD) retreats from intraday high as bulls and bears jostle around $2.65 during early Tuesday. In doing so, the energy instrument struggles to extend the week-start recovery from the lowest levels in three weeks amid a lack of fresh directives and a cautious mood ahead of Wednesday’s key US inflation data. (FXStreet) Gold price (XAU/USD) has resumed its upside journey after a marginal correction to near $1,930.00 in the London session. The precious metal has found support as the US Dollar Index (DXY) is under extreme pressure ahead of Wednesday’s Consumer Price Index (CPI) data, which will be published at 12:30 GMT. (FXStreet) Silver regains positive traction following the previous day's good two-way price swings and jumps to a three-week high during the early part of the European session on Tuesday. The white metal, however, struggles to find acceptance or build on the move beyond the $23.35-$23.40 confluence - comprising the 200-period Simple Moving Average (SMA) on the 4-hour chart and the 50% Fibonacci retracement level of the downfall from the June swing high. (FXStreet) Source: FXStreet 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.

2023-07-07 09:18

EUR/USD registered modest gains on Thursday but failed to stabilize above 1.0900. Early Friday, the pair moves sideways slightly below that level. Earlier in the session, the data from Germany showed that Industrial Production contracted 0.2% in May. In an interview with La Provence on Friday, Lagarde reiterated that they still have work to do to bring inflation back down to their target but this comment was largely ignored by market participants. (FXStreet) GBP/USD climbed toward 1.2800 on Thursday but erased a portion of its daily gains after the US data. Nevertheless, the pair registered its highest daily close in 10 days and was last seen holding steady at around 1.2750. (FXStreet) NZD/USD attracts fresh buying on Friday and snaps a two-day losing streak. A combination of factors underpins the USD and might cap gains for the pair. The symmetrical triangle formation also warrants caution for bullish traders. The market focus remains glued to the release of the US monthly jobs report. (FXStreet) USD/JPY drifts lower for the second straight day and hits a nearly two-week low on Friday. Intervention fears, along with the risk-off mood, boost the JPY and exerts heavy pressure. The Fed-BoJ policy divergence could help limit further losses ahead of the US NFP report. (FXStreet) USD/CAD has refreshed its three-week high at 1.3375 despite multiple headwinds. The USD Index is expected to remain volatile ahead of the release of the US NFP data. Oil prices have printed a fresh two-week high at $72.35 despite global central banks preparing for a fresh rate hike cycle. (FXStreet) AUD/USD attracts some buyers on Friday and draws support from a softer USD. Bets for additional Fed rate hikes act as a tailwind for the buck and cap gains. The risk-off mood contributes to keeping a lid on the pair ahead of the US NFP. (FXStreet) USD/CHF regains some positive traction and reverses a part of the previous day's slide. Bets for additional Fed rate hikes act as a tailwind for the USD and lend some support. A softer risk tone underpins the CHF and caps the upside ahead of the US NFP report. (FXStreet) GBP/JPY remains under some selling pressure for the second successive day on Friday. The risk-off mood, along with intervention fears, benefit the JPY and weigh on the cross. The divergent BoE-BoJ policy outlook favours bullish traders and should help limit losses. (FXStreet) USD/TRY is oscillating around 26.00 as the focus shifts to US NFP data. US equities were heavily sold after the resilient US ADP Employment report drummed up more interest rate hikes from the Fed. Turkiye inflation decelerated marginally in June. (FXStreet) EUR/JPY prints four-day losing streak, braces for the first weekly loss in four. German Industrial Production for May disappoints, Japan wage numbers came in firmer. Fears of BoJ, Japan government intervention to defend Yen soar of late, firmer yields fail to propel EUR/JPY. More comments from ECB’s Lagarde, yields and risk catalysts eyed for clear directions. (FXStreet) USD/INR clings to mild daily losses, the first in four, while paring weekly gains. US Dollar’s retreat amid sluggish session, positioning for US NFP and China news weigh on Indian Rupee pair of late. Risk-off mood, hawkish Fed concerns allow USD/INR to remain firmer. (FXStreet) USD/MXN takes offers to refresh intraday low, consolidates biggest daily gain in four months. Risk-aversion, hawkish Fed bets underpin US Dollar strength despite latest pullback amid pre-NFP anxiety. Mexican Peso’s repeated bounces off 17.00 tease countertrend traders amid upbeat fundamentals. Mexico inflation data, US employment report for June eyed for fresh impulse. (FXStreet) The index exchanges gains with losses around 103.00. US yields trade in a cautious note ahead of key data. US Nonfarm Payrolls, Unemployment Rate take centre stage. The USD Index (DXY), which tracks the greenback vs. a bundle of its main competitors, navigates without clear direction around the 103.00 neighbourhood at the end of the week. (FXStreet) Gold prices continued their recovery in the Asian session following another day probing the key $1900/0z psychological level. Yesterdays red hot data out of the US facilitated the push toward the $1900 but failing to find acceptance below once more. (DailyFX) Silver price is oscillating around $22.70 as investors await US NFP for further guidance. The USD Index has surrendered its entire gains generated after the release of the upbeat US ADP Employment report. Silver price is struggling to show a meaningful recovery despite finding strength near the lower portion of the Rising Channel pattern. (FXStreet) Bitcoin closed in the red for the third straight day on Thursday before stabilizing above $30,000 early Friday. Ethereum lost more than 3% on Thursday and was last seen consolidating its losses at around $1,850. (FXStreet) Source: FXStreet 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.