US Dollar’s Next Run Requires a Much Stronger Push
The US Dollar is a favored safe haven currency. That is a good role to play given the slide in US equities and other ‘risk’ benchmarks to close this past week.
USD/JPY Capped by Former Support – Upbeat BoJ Risks Larger Decline
The USDJPY pulled back from a fresh monthly high of 104.11 as the weaker-than-expected U.S. Non-Farm Payrolls report dragged on the dollar, and the pair may face a larger decline in the week ahead should the Bank of Japan (BoJ) continue to scale back its willingness to further expand its asset-purchase program.
ECB Sets Table for Lower Euro Prices – Here’s How
The European Central Bank’s (ECB) patience with the region’s lackluster recovery may be running out, if one is to believe the rhetoric deployed by President Mario Draghi at the April press conference.
Gold NFP Rally Likely to be Short Lived – $1327 Key Resistance
Gold prices are firmer on the week with the precious metal rallying 0.5% to trade at $1302 ahead of the New York close on Friday.
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Source: Daily fx
