Key Points

• The New Zealand dollar gained pace against the US Dollar and managed to clear the 0.7280 resistance.
• The upside move was prevented in NZDUSD near 0.7330 and a bearish trend line on the hourly chart.
• Today during the Read More →

January US nonfarm payrolls (announced on 3 February) were firm, rising 227,000 MoM. In contrast, wage growth was weaker than expected, up just 0.1% MoM and 2.5% YoY. This caused the yen to weaken slightly in 112s range on the Read More →

Key Points

• The Euro was seen under bearish pressure recently against the Japanese yen, as it broke the 121.25 support area.
• There are a couple of bearish trend lines on the hourly chart of EURJPY at 121.30, which may continue Read More →

The dollar was weighed by a weaker-than-expected wage growth at the start of the week. The soft reading reinforced expectations the Federal Reserve will refrain from raising interest rates next month.

The dollar index, slipped 0.2 percent to 99.63, Read More →