Today’s Focus Will be on March Jobs Report

EUR/USD: Reasons Behind the Dollar’s Strengthening The past week was notably sparse in terms of macroeconomic statistics. Consequently, the market participants’ sentiment largely depended on the statements made at the World Economic Forum in Davos (WEF). It’s worth noting that this event, held annually at a ski resort in Switzerland, gathers representatives of the global […]

Key Highlights USD/JPY is holding gains above the 156.20 support zone. A major bullish trend line is forming with support at 156.50 on the 4-hour chart. Gold prices are again slipping lower toward the $2,280 level. EUR/USD failed to recover above the 1.0850 resistance zone. USD/JPY Technical Analysis The US Dollar remained well-supported above the […]

Markets The ECB laid the groundwork for a June rate cut yesterday and that was basically all there was to say about it. Lagarde revealed some wanted to cut rates already and reports afterwards wrote about a handful of officials that needed extra convincing to rally behind the decision to stand pat for a little […]