US Dollar Fails to Rally on Great Payrolls Data, Remains a Sell
A sharply better-than-expected US Nonfarm Payrolls report wasn’t enough to keep the Dollar from falling versus major FX counterparts, and the Greenback looks at risk of further declines as key fundamental factors favor weakness.
Gold Posts Key Outside Reversal Post NFPs- $1307 Key Resistance
Gold prices are softer on the week with the precious metal off by 0.42% to trade at $1300 ahead of the New York close on Friday. The week was marked by continued weakness in gold prices as equities rallied into fresh record highs.
AUD/USD Threatens 92.00 Support- Need Dovish RBA for Larger Decline
The long-term outlook for the AUD/USD remains bearish as the pair carves a lower high in April, and the Australian dollar remains at risk of facing a larger decline in the week ahead should the Reserve Bank of Australia (RBA) adopt a more dovish tone for monetary policy.
GBP/USD Climb to New 5 Year Highs Will be Fraught With Danger
The pound has finished out an impressive month and week. Through April, the currency has advanced against all of its major counterparts.
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Source: Daily fx
