EUR/USD

EUR/USD trades on the defensive for the first time after three consecutive daily advances, meeting once again a tough resistance in the vicinity of the psychological barrier at 1.20 the figure. The exclusive driver behind the pair’s retracement remains theperformance of US yields, which appear to have resumed the upside following the knee-jerk post-US inflation figures (Wednesday). The move lower in yields was linked to eased expectations of higher inflation in the US due, mainly, to the upcoming extra fiscal spending.

USD/JPY

The USD maintained its strong bid tone through the early European session and pushed the USD/JPY pair back above the 109.00 mark, closer to the nine-month tops touched earlier this week. The pair caught some fresh bids on the last trading day of theweek and broke out of a two-day-old trading range. A fresh leg up in the US Treasury bond yields assisted the US dollar to stage a solid rebound from one-week lows, which, in turn, was seen as a key factor driving the USD/JPY pair higher.

GBP/USD

The GBP/USD pair refreshed daily lows in the last hour, with bears now eyeing sustained weakness below the 1.3900 round-figure mark. The pair struggled to capitalize on this week's strong positive move of around 200 pips and faced rejection near the key 1.4000 psychological mark amid resurgent US dollar demand. The US Treasury bond yields resumed their climb on the last trading day of the week and assisted the USD to regain positive traction. Investors remain optimistic that a massive $1.9 trillion stimulus pandemic relief package would spur economic activity in the US. The reflation trade again fueled concerns about rising inflationary pressure and pushed

EUR/USD

Here is no respite in the selling pressure around the European currency, with EUR/USD recording fresh yearly lows in the 1.1930/20 band on Friday. EUR/USD trades on the defensive for the third consecutive session against a favorable backdrop for the greenback and persistent risk-off sentiment. In fact, rising US yields continue to lend support to the move higher in the dollar, always propped up by the prospects of higher inflation in the US in response to the planned increase in the fiscal stimulus.

USD/JPY

The USD/JPY pair continued scaling higher through the first half of the European session and shot to near nine-month tops, around mid-108.00s in the last hour. The US dollar remained well supported by the optimistic US economic outlook and got an additional boost from the overnight surge in the US Treasury bond yields. The Fed Chair Jerome Powell on Thursday largely dismissed concerns about the recent sharp rise in long-term yields and disappointed investors anticipating immediate action. This, in turn, trigger a massive sell-off in the US fixed income market and lifted the US bond yields.

GBP/USD

GBP/USD eases to 1.3883, down 0.05% intraday, while heading into Friday’s London open. In doing so, the cable respects the broad US dollar strength amid a surge in the US Treasury yields. Also challenging the quote could be the EU-UK tussle over Northern Ireland (NI) border. Though, the bears are cautious near the weekly low with eyes on the US Nonfarm Payrolls (NFP).Powell’s failures to placate bond bears joined the likes of the ECB policymakers and propelled the US 10-year Treasury yields to the highest since February 2020 afterward. The reason for the run-up could be traced from expectations of more fund inflow due to the UK and the UK stimulus.

EUR/USD

EUR/USD advances for the second session in a row on Friday on the back of the continuation of the corrective downside in the greenback. In fact, the risk complex regains some shine as investors re-shift their focus to the reflation trade and palpable expectations of strong economic growth in the region in the second half of the week, all underpinned by the acceleration of the vaccine rollout.

USD/JPY

The USD selling bias picked up pace during the European session and dragged to three-day lows, around the 105.30 region in the last hour.The pair witnessed some follow-through selling for the third consecutive session on Friday and has now retreated around 100 pips from five-month tops, around the 106.20-25 region touched earlier this week. The downfall was exclusively sponsored by a broad-based US dollar weakness. Thursday's disappointing US Initial Jobless Claims raised doubts about the pace of the US economic recovery, which, in turn, was a key factor weighing on the greenback.

GBP/USD

The GBP/USD pair refreshed 34-month tops in the last hour, albeit seemed struggling tocapitalize on the move beyond the key 1.4000 psychological mark. Following a brief consolidation through the first half of the trading action on Friday, the pair managed to regain some positive traction and seemed unaffected by disappointing UK Retail Sales data. A broad-based US dollar was seen as a key factor that provided a modest lift to the GBP/USD pair. The USD was being weighed down by Thursday's disappointing US Initial Jobless Claims raised doubts about the pace of the US economic recovery. This, along with a sudden rebound in the equity markets further undermined the greenback's relative safe-haven status against its British counterpart.

EUR/USD

EUR/USD looks offered on Friday following three daily builds in a row. The inability of the pair to advance further north of the1.2150 region appears to have prompted some profit taking among investors and the return to the sellers to the markets. Onthe broader front, strong growth prospects in the region remain underpinned by the expected better performance of thevaccine rollout and the extra help of further fiscal stimulus in the US. In the domestic docket, the only release showed that the final CPI in Spain came in flat on a monthly basis during the first month of the year and rose 0.5% over the last twelvemonths. In the NA session, the flash print of the US Consumer Sentiment tracked by the U-Mich index will take center stagelater on Friday

USD/JPY

USD/JPY bulls attack intraday high of 104.80 amid the initial hours of Tokyo session on Friday. Japanese traders couldn’t gaina good welcome after Thursday’s off as coronavirus (COVID-19) worries pushed the Asian major to extend activityrestrictions. Also favoring the pair’s run-up are the hopes of US President Joe Biden’s COVID-19 relief plan and vaccineoptimism. Japan’s Economy Minister Yasutoshi Nishimura crossed wires, via Reuters, while conveying the strain on theJapanese medical system as well as sustained strength in the elderly infections. Following that, the policymaker alsoannounced that the government keeps the state of emergency for 10 regions.

GBP/USD

The GBP/USD pair maintained its offered tone around the 1.3800 round-figure mark and had a rather muted reaction to theUK macro releases. The pair extended the previous day's retracement slide from the vicinity of 34-month tops and remaineddepressed for the second consecutive session on Friday. A softer tone surrounding the equity markets benefitted the USdollar's perceived safe-haven status and was a key factor exerting pressure on the GBP/USD pair.

EUR/USD

EUR/USD dropped below 1.20 on Thursday and has failed to recapture that level. On Friday, the US dollar may suffer asetback if Nonfarm Payrolls figures fall short of elevated estimates, Yohan Elam, an Analyst at Street, reports. The EuropeanUnion is clearly suffering at the hands of the coronavirus and lack of vaccine distribution. The economic picture in theEuropean Union has been souring a bit as of late, so it is probably only a matter of time before the US dollar gets a little bit ofa boost.

USD/JPY

The USD/JPY pair witnessed a modest pullback from near three-month tops set earlier this Friday and was last seen tradingwith modest losses, around mid-105.00s. The pair failed to capitalize on its early uptick, instead faced rejection near the veryimportant 200-day SMA and for now, seems to have stalled a two-week-old upward trajectory. Following the recent rally tothe highest level in more than two months, the US dollar now seems to have entered a bullish consolidation phase. This, inturn, was seen as a key factor that held bulls from placing fresh bets around the USD/JPY pair amid near-term overboughtconditions.

GBP/USD

The GBP/USD pair remained confined in a range through the early European session and was last seen trading around the1.3675-80 region. The pair failed to capitalize on the previous day's post-BoE strong rally and witnessed a subdued priceaction on the last day of the week. At the end of its first meeting for the year, the BoE projected GDP to recover rapidlytowards pre-pandemic levels over 2021 and inflation to rise quite sharply towards the 2% target in the spring. Adding to this,the UK central bank pushed back expectations for negative interest rates, which, in turn, prompted some aggressive shortcovering around the British pound. The GBP/USD pair recovered swiftly from two-and-half-week lows, around the 1.3565region and jumped around 135 pips in reaction to the BoE's hawkish economic assessment.

EUR/USD

EUR/USD briefly dropped below the 1.2200 level in recent trade, a move that coincided with the Dollar Index (DXY) rising to fresh weekly highs in the 90.20s but has since recovered back above the big figure and is trading in the 1.2220s. Despite Friday’s selling pressure, that was largely a function of USD strength, though was contributed to by modest EUR underperformance, including versus its other G10 counterparts, EUR/USD looks set to close out the week with very marginal gains.

USD/JPY

USD/JPY picks up bids near 103.92, up 0.08% intraday, during early Friday. The yen pair jumped the most since early November the previous day after Japanese Prime Minister (PM) Yoshihide Suga announced an emergency in Tokyo and three surrounding areas due to the coronavirus (COVID-19). Backing the upside moves recently is the news suggesting the US Congress push for President Donald Trump’s immediate resignation even as Vice President Mike Pence safeguards the National Leader after his supporters stormed the Capitol Hill. The news smoothens the way for Democrats and further stimulus, which in turn favor risks off-late.

GBP/USD

GBP/USD continues to struggle to reclaim the 1.3600 level and after topping out just under 1.3640 a few hours ago, has reversed back under the big figure and towards 1.3550. Below and around this level, the pair ought to find solid support, as has been the case for most of the week so far. At present, the pair trades about flat on the day just to the north of the 1.3550 mark. The pair was broadly unresponsive to recently released US labor market numbers. The report was underwhelming (the US saw a surprise net job loss of 140K in December), but markets already see the data as out of date. Mass vaccinations, more fiscal stimulus from a Democrat-controlled Congress and a much better global growth outlook means markets expect the jobs numbers to improve substantially once 2021’s dark Covid-19 winter is over. Hence why US equity markets, crude oil markets and US bond yields continue to rally.

EUR/USD

The EUR/USD pair traded with a mild negative bias through the early European session, albeit has managed to recover a major part of its intraday downtick. The pair was last seen trading around the 1.2255-60 region, just a few pips away from 32-month tops set on Thursday. The pair witnessed some profit-taking on the last trading day of the week and was pressured by a modest US dollar short-covering bounce amid the underlying cautious mood around the equity markets. The US congressional negotiators haven’t yet agreed on a new coronavirus-relief package and tempered the recent optimism.

USD/JPY

The USD/JPY pair trimmed a part of its intraday recovery gains, albeit has still managed to hold in the positive territory, around the 103.30-25 region. The pair gained some positive traction on the last trading day of the week and staged a goodish bounce from nine-month lows, or sub-103.00 levels touched on Thursday. The uptick was supported by a modest pickup in the US dollar demand and the underlying bullish sentiment, which tends to undermine the Japanese yen's safe-haven demand. Given that the US congressional negotiators are yet to agree over a new coronavirus-relief package, the US dollar witnessed some short-covering bounce on Friday. Meanwhile, the global risk sentiment remained well supported by the latest optimism over the rollout of vaccines for the highly contagious coronavirus diseases.

GBP/USD

GBP/USD is consolidating close to the 1.3500 level as trade volumes thin ahead of the weekend. On the day, the pair is 0.7% or around 90 pips lower, with the GBP still the worst performing G10 currency.
Not much has changed on the Brexit front over the last few hours and markets. UK sources speaking to RTE said that talks will continue over the weekend (as expected), but it remains clear that the two sides still remain some way apart. The European Parliament had set the negotiators a hard deadline to bring them a deal to scrutinise by Sunday, or else they would not have enough time to get it ratified prior to the end of the year, but reports on Friday suggested that European leaders can (initially at least) bypass the European parliament in order to quickly ratify any deal in time for the end of the year, seemingly removing the importance of the Sunday deadline.

EUR/USD

EUR/USD has been moving sideways in recent trade between the 1.2100 and the 1.2120ish levels, amid a quiet end to what has been a busy week. EUR/USD moves have been quite contained on the week however, with the pair trading within only about a 100-pip range between the 1.2060 to 1.2160is levels. Compare that the GBP/USD’s near 350 pip range! Heading into the Friday FX close at 22:00GMT, EUR/USD trades with losses of around 20 pips or just under 0.2%.

USD/JPY

The USD/JPY dropped further and bottomed at 103.82, reaching the lowest level in a week. As of writing it trades at 103.90/95, down 20 pips for the week. The Japanese currency is among the top performers on Friday, supported by deterioration in risk sentiment. Wall Street indexes are in negative territory but off lows. Despite the rebound, USD/JPY continued to trend lower. The decline in US yields supported the yen. The US 10-year yield fell to 0.87%, the lowest since December 1. The Dow Jones is falling by 0.15% and the Nasdaq by 0.45%, off lows but reflecting some risk aversion.

GBP/USD

The GBP/USD pair added to the overnight losses and witnessed some heavy selling for the second consecutive session on Friday. The downward momentum dragged the pair to over three-week lows, around the 1.3175 region during the mid-European session. The incoming headlines have been fueling worries about a no-deal Brexit, which, in turn, took its toll on the British pound. This, along with a softer risk tone, underpinned the US dollar's relative safe-haven status and contributed to the intraday decline.

EUR/USD

EUR/USD is consolidating around 1.2150 level in wake of softer than expected US jobs data that in the end have not delt lasting damage to the US dollar. The pair, which resides between 1.2132 lows than to 1.2177 highs, trades flat on the day. Indeed, it seems as though the dollar bears are finally taking a breather after this week’s relentless USD beating. The Dollar Index is down over 1% on the week, and EUR/USD is up roughly 1.5%.

USD/JPY

The USD/JPY pair seesawed between tepid gains/minor losses through the Asian session on Friday and was last seen hovering in the neutral territory, around the 103.85 region. The pair managed to find some support near the 103.65 region and edged higher during the early part of the trading action on the last day of the week. The attempted bounce, however, lacked any follow-through and remained capped below the 104.00 mark amid a softer tone surrounding the US dollar.

GBP/USD

Following some intraday volatility during the first half of the European trading action, the GBP/USD pair now seems to have stabilized around the 1.3475 region. In the latest Brexit-related developments, the French Junior European Affairs secretary Clément Beaune said there is a risk there will not be a Brexit deal and that they would veto any deal that is deemed unsatisfactory. This, in turn, exerted some downward pressure and dragged the pair to an intraday low level of 1.3410.The downtick, however, turned out to be short-lived and was quickly bought into after an EU official reportedly said that a trade deal with the UK is imminent and is expected by the weekend. The GBP/USD pair rallied around 80-85 pips in reaction to the headlines and was further supported by a softer tone surrounding the US dollar.

EUR/USD

EUR/USD looks set to end the holiday-shortened trading week on a positive note, with the US dollar trading under pressure across the board. The currency pair is currently hovering near 1.1925, representing a 0.58% gain on the week. Daily, the pair is up just 0.10%. The upbeat China data released in Asia looks to be drawing offers for the US dollar. In a sign of impressive recovery from coronavirus slowdown, China's industrial profits rose for the sixth straight month in October, and at the fastest rate in nine years. However, the upside is likely being capped by doubts over drugmaker AstraZeneca's coronavirus vaccine and losses in the US stock futures.

USD/JPY

The USD/JPY pair remained depressed through the Asian session and dropped to four-day lows, around the 103.90 region, albeit recovered few pips thereafter. The pair extended this week's retracement slide from the 104.75 region and witnessed some follow-through selling for the second consecutive session on Friday. The downfall also marked the third day of a negative move in the previous four and was sponsored by the prevalent selling bias surrounding the US dollar. Concerns about the economic fallout from the imposition of new COVID-19 restrictions in several US states resurfaced after an unexpected rise in the US Initial Weekly Jobless Claims. This, in turn, revived hopes for additional US fiscal stimulus from the incoming Biden administrations and continued weighing on the buck.

GBP/USD

The GBP/USD pair held on to its modest intraday gains through the early European session and was seen hovering near the top end of its daily range, around the 1.3370 region.
Following the previous day's good two-way price moves, the pair caught some fresh bids on the last day of the week and seemed rather unaffected by Brexit uncertainties. In the latest Brexit-related headlines, the EU's chief Brexit negotiator, Michel Barmier reportedly told envoys that he cannot say if a deal is possible at this stage. It is worth reporting that both sides are yet to find a compromise on key sticking points – the so-called level playing field, fisheries and state-aid rules. Investors, however, remained optimistic about the possibility of a last-minute Brexit, which, in turn, underpinned the British pound an\d extended some support to the GBP/USD pair.

EUR/USD

EUR/USD extends the erratic performance in the upper end of the weekly range although still unable to re-test/surpass the tough barrier at 1.19 the figure. Investors continue to gauge the progress of the pandemic vs. potential effective vaccines and the impact on the incipient recovery and growth prospects for the next months. In addition, cautiousness is growing bigger among market participants, as the December ECB event looms closer (with the rising likelihood of extra stimulus to be announced) and political jitters commenced to insinuate in the Old Continent with the EU Recovery Fund and vetoes from Hungary and Poland taking center stage.

USD/JPY

he USD/JPY pair traded with a mild positive bias through the Asian session, albeit lacked any follow-through buying and remained capped below the 104.00 mark. Following the previous day's intraday pullback of around 50 pips, the pair managed to regain some positive traction on Friday and for now, seems to have snapped six consecutive days of losing streak. The uptick was supported by optimism over reports that US Senate Republican and Democrat leaders had agreed to resume negotiations on another coronavirus stimulus package.

GBP/USD

GBP/USD looks to extend its bounce towards 1.3300 heading into the UK Retail Sales release. The annualized British spending is seen higher by 4.2% in October vs. 4.7% previous. The bulls are back in charge as the US dollar resumes its Thursday’s slide despite the clash between the Fed and US Treasury seemingly weighing on the investor sentiment. US Treasury Secretary urged the world’s most powerful central bank to withdraw some of the pandemic lending’s. The rollback of the emergency funds is likely to threaten the global economic recovery, as the program was launched to counter the virus impact.

EUR/USD

EUR/USD has been holding onto its gains as markets are following the US elections. The Nonfarm Payrolls and the dovish Fed decision are in play and may continue to weaken the dollar. EUR/USD advances for the fourth consecutive session and almost fully recovers last week’s sell-off. In fact, spot gains more than 2 cents since Wednesday’s monthly lows in the 1.1600 neighborhood, always on the back of the strong improvement in the risk complex. In fact, riskier assets extend the rally against the backdrop of rising hopes of a Biden win.

USD/JPY

The USD/JPY pair struggled to register any meaningful recovery and remained well within the striking distance of multi-month lows set earlier this Friday, around the 103.35 region. The pair failed to capitalize on its attempted Asian session bounce to the 103.75 region, instead met with some fresh supply and dropped to the lowest level since March 12. The early uptick was supported by a modest pickup in the US dollar demand, though the prevalent cautious mood undermined the safe-haven Japanese yen and capped the upside for the USD/JPY pair.

GBP/USD

GBP/USD consolidates gain from 1.3157, to currently around 1.3130, while heading into the London open on Friday. In doing so, the Cable marks 0.10% intraday losses amid cautious sentiment ahead of the US NFP data. To magnify the moves, the coronavirus (COVID-19) woes in the US and the UK joins the fears of a mixed Congress in the US. With nearly 1,700 lead in Georgia, US President Donald Trump is likely to get another disappointment when the Democratic rival Joe Biden inches closer to 270 required votes to acquire the White House. However, the Trump administration has already challenged multiple results and is also near to keep the reins of the Senate. As a result, the US election results are still contested despite Biden’s increasing odds of being the next President.

EUR/USD

EUR/USD is rising after German Manufacturing PMI smashed estimates ignoring US politics. Speculation about politics is set to increase as the week ends. Markit's preliminary German Manufacturing Purchasing Managers' Index has jumped to 58 points – far above estimates and reflecting robust growth. That contrasts with misses in the country's services sector and downbeat figures from France. The upbeat figure has helped the euro recover from other depressing developments.

USD/JPY

USD/JPY is consolidating weekly losses around 104.40 as concerns remain over the coronavirus spread. Not only the weakness in headline Japanese inflation numbers for October but the downbeat reading of the preliminary Industrial Production for September also favors the USD/JPY buyers. Though, the weakness in September’s Unemployment Rate joins the ongoing risk aversion wave to challenge the bulls.

GBP/USD

The GBP/USD pair quickly recovered around 40 pips from sub-1.2900 levels and refreshed daily tops in the last hour, albeit lacked any strong follow-through. The pair struggled to capitalize on the previous day's late rebound of around 45 pips from near two-week lows and was seen oscillating in a range through the first half of the trading action on Friday. The US dollar bulls refrained from placing fresh bets amid the uncertainty about the actual outcome of the US presidential election. A subdued USD demand was seen as a key factor lending some support to the GBP/USD pair.

EUR/USD

EUR/USD is on the back foot amid rising eurozone cases in Europe while growing doubts about US fiscal stimulus may further boost the safe-haven dollar. Furthermore, US retail sales may disappoint again and add to the risk-off mood. Fears that the Eurozone economy would be hit hard by the coronavirus resurgence is pushing the US-German yield differentials higher and weighing over the common currency. The 10-year spread has risen to 134.4 basis points, the highest level since March. The two-year yield differential, which is more sensitive to short-term interest rate and inflation expectations.

USD/JPY

USD/JPY bounces off 105.28 to 105.35, following the early-day downbeat move to 105.32, amid the initial hour of Tokyo open on Friday. The pair recently gained as markets spot difference in US President Trump’s comments versus reality on the coronavirus (COVID-19) relief bill. This follows the pair’s upbeat performance on Thursday that took hints from the broad US dollar strength amid a risk-off mood.

GBP/USD

GBP/USD drops to 1.2894, down 0.15% intraday, while heading into Friday’s London open. In doing so, the sterling keeps the previous day’s downbeat performance amid Brexit and the coronavirus (COVID-19) woes ahead of UK PM Boris Johnson’s speech. Also weighing the quote could be the US dollar’s safe-haven demand backed by increasing odds of no stimulus ahead of presidential elections.

EUR/USD

EUR/USD has been edging higher as President Trump pushed for fiscal stimulus but low chances of a deal, rising eurozone COVID-19 cases and positioning ahead of the weekend may weigh on the pair. Following Thursday’s inconclusive price action, EUR/USD has reclaimed ground lost and advances to the 1.1800 neighbourhood, where sit weekly peaks recorded on Tuesday. The softer tone in the greenback keeps underpinning the improved sentiment in the risk complex. This trend has been exacerbated following the likelihood that discussions around another stimulus package could resume in the next days.

USD/JPY

Following a brief test of the area above 106.00 the figure during early trade, USD/JPY seems to have met a cluster of sellers, giving away those initial gains soon afterward. Always amidst increasing cases of COVID-19 across the globe and renewed social restrictions in many countries, market participants keep gauging the impact of the pandemic on the global economy.

GBP/USD

GBP/USD has been rising amid hopes for US fiscal stimulus, but everything else is playing against the cable. Economists at Handelsbanken have revised lower their forecast for the UK economy which implies GBP/USD moving to 1.23 by mid-2021 and EUR/GBP trading within 0.91 and 0.95. The UK GDP monthly release showed that the UK economy expanded less-than-expected in August, arriving at +2.1% versus +4.6% expected and +6.6% previous.

EUR/USD

The EUR/USD is about to end Friday hovering around 1.1850 posting modest weekly gains but unable to break the current consolidation phase. Recently climbed to 1.1870 hitting a two-day high but it failed to make a run higher. The euro ended the week one a strong not versus the US dollar considering that on Thursday it tested levels under 1.1750. Despite all the action, including the FOMC meeting, EUR/USD keeps moving sideways around the current levels.

USD/JPY

The USD/JPY pair closed the fourth straight day in the negative territory on Thursday and stayed relatively quiet during the Asian session. However, with the markets remaining risk-averse, the pair extended its slide and touched its lowest level since late July at 104.28. With a break below 104.18, USD/JPY will renew its level since early March. Now, the pair is down 0.38% on a daily basis at 104.32.

GBP/USD

The GBP/USD pair lacked any firm directional bias on Friday and seesawed between tepid gains/minor losses through the early part of the European trading session. Following the previous day's intraday volatility, the pair now seems to have stabilized near the top end of its weekly trading range. The overnight optimistic Brexit-related comments by the European Commission President Ursula von der Leyden, saying that a trade deal between the EU and the UK is still possible, extended some support to the British pound.

EUR/USD

EUR/USD is trading without a clear direction at the end of the week. The usual pre-NFP lull is prevailing in the global markets, with the majority of assets following a side-lined theme and tight ranges at the end of the week. A stronger than expected jobs growth and wage figures could assist the US dollar to add to its recent recovery from two-year lows. This, in turn, should pave the way for an extension of the EUR/USD pair's corrective slide from levels just above the key 1.2000 psychological mark. Alternatively, a weaker-than-anticipated NFP reading would add to uncertainty over the outlook for the US economy.

USD/JPY

USD/JPY is trading at 106.16 as the pair moves higher towards an hourly resistance from 106.05 the session lows. The yen is in focus for the sessions ahead, before the Nonfarm Payrolls risk kicks in fully. On Wall Street, there was a sharp drop in stocks, weighed by weakness in the technology sector while the US dollar extended its comeback to the 93 handles in the DXY at the start of the European session. The sentiment that the US economy's rebound from coronavirus-driven lockdowns could be stalling should be a favorable environment for the safe-haven Japanese yen.

GBP/USD

Having dropped during the last two days, GBP/USD is unsteady around 1.3280 while heading into the London open on Friday. Cable seesaws near the weekly bottom and ignores downbeat catalysts, like Brexit woes, tax hikes, ahead of the key US Nonfarm Payrolls (NFP). Elsewhere, British Composite PMIs suggest an acceleration in the August month job losses even as the UK PM pushes people towards work

EUR/USD

EUR/USD has climbed to weekly tops near the 1.1920 level, at the same time leaving behind Thursday’s post-Powell peaks just above the 1.19 mark. The increasing selling bias surrounding the buck is gathering further traction on Friday as market participants continue to adjust to the recent announcements from Chief Powell.

USD/JPY

The USD/JPY pair dived around 85 pips from two-week tops set during the Asian session and refreshed daily lows, around the 106.10 region in the last hour. The pair built on the previous day's solid intraday bounce of over 100 pips from weekly lows and gained some follow-through traction through the early part of the trading action on Friday. The bullish move was supported by the upbeat market mood, which tends to undermine demand for the safe-haven Japanese yen.

GBP/USD

GBP/USD refreshes the intraday high to 1.3242, up 0.29%, while heading into the London open on Friday. The cable, alike most majors, refreshed the yearly high on Thursday before declining to 1.3161, which in snapped the two-day winning streak. The broad US dollar rally, after comments from Fed Chair, dragged the quote downward the previous day. Though, the greenback’s latest declines favor the pair bulls ahead of BOE Governor Andrew Bailey’s speech at the Jackson Hole Symposium.

EUR/USD

The key to recent broad USD weakness has been the reflation theme which has equally helped EUR/USD move higher by removing tail risks related to debt-deflation dynamics. In markets, this has been expressed by a high correlation of EUR/USD to a range of factors such as lower US real rates, EM FX, bank stocks, and, not least, credit spreads. However, the global cross-asset rotation as well as US vs EU factors seem to be fading and/or are well priced now. Economists at Danske Bank look for EUR/USD to retrace back to 1.16 in coming weeks.

USD/JPY

The USD/JPY pair edged lower through the early European session and was last seen hovering near daily lows, just above mid-105.00s.The pair extended the previous day's retracement slide from three-day tops, around the 106.20 region, and remained depressed for the second consecutive session on Friday. The emergence of some fresh selling around the US dollar was seen as one of the key factors exerting pressure on the USD/JPY pair.The USD failed to capitalize on the FOMC minutes-led rebound, instead met with some fresh supply on Thursday following the release of the US Weekly Jobless Claims. In fact, the number of Americans filing for unemployment benefits jumped back above the 1 million mark during the week ended August 14.

GBP/USD

UK retail sales data has come in stronger than expected for the month of July, in data released this morning underlining the recovery that took hold in May. The GBP/USD pair held on to its modest gains near session tops, around the 1.3240-50 region and moved little following the release of the UK macro data, now trading at 1.3230. This UK data is positive for the pound but gains should be limited from here, according to economists at MUFG Bank.

EUR/USD

The U.S. Dollar Index is currently trying to settle above 93.20 and continue its journey towards 93.50. The main problem for the U.S. dollar right now is the complete uncertainty over U.S. stimulus negotiations. Republicans and Democrats failed to reach consensus on the new coronavirus aid package deal, and it is unclear when these negotiations will be restarted. Today, the U.S. will release Retail Sales report for July. Retail Sales are expected to grow by 1.9% month-over-month, and traders will be closely watching for signs that U.S. consumer activity may be faltering due to the persistently high number of new coronavirus cases in the U.S.

USD/JPY

The USD/JPY pair retreated around 30 pips from the vicinity of multi-week tops and dropped to fresh session lows, around the 106.75 region in the last hour.The pair continued with its struggle to make it through the 107.00 mark and witnessed a modest intraday pullback amid the emergence of some fresh US dollar selling. The impasse over the next round of the US fiscal stimulus overshadowed signs of the US economic recovery and continued exerting some downward pressure on the greenback.

GBP/USD

GBP/USD stays depressed around 1.3055, down 0.08% on a day, while heading into the London open on Friday. The pair benefited from the UK’s trade-positive headlines and broad US dollar weakness the previous day. However, a lack of major directives and the coronavirus (COVID-19) concerns challenge the pair buyers even if UK PM Boris Johnson unveiled details of easing lockdown restrictions. Looking forward, traders will keep eyes on the US data amid an empty British line of economics. Advance US GDP report on Thursday, which showed that the world's largest economy collapsed by 32.9% annualized pace during the second quarter of 2020.

EUR/USD

EUR/USD is feeling the pull of gravity on Friday as the oversold dollar is drawing bids on US-China tensions.The currency pair is trading at 1.1826, representing a 0.40% decline on the day, having failed to keep gains above 1.19 on Thursday. As such, the risk sentiment is weakening, despite the upbeat China data released during the Asian trading hours. The futures tied to the S&P 500 are currently down 0.5% and the greenback is gaining ground against majors.

USD/JPY

USD/JPY makes rounds to 105.50 during the initial hour of Tokyo open on Friday. While the pre-NFP trading lull could be cited as the pair’s recent inactivity after posting three-day losing streak the previous day, risk catalysts suggest a further weakening of the quote. The global risk sentiment took a hit on Friday after the US President Donald Trump signed a pair of executive orders that would ban any US transactions with the Chinese companies that own TikTok and WeChat. The anti-risk flow was evident from a weaker trading sentiment around the equity markets, which might force investors to take refuge in traditional safe-haven assets and underpin demand for the Japanese yen.

GBP/USD

The GBP/USD pair extended its steady intraday retracement slide through the early European session and refreshed daily lows, around the 1.3085 region in the last hour. The pair witnessed some selling on the last day of the week and moved away from five-month tops, set on Thursday in reaction to the BoE's less pessimistic tone on the outlook for the British economy. The pullback was exclusively sponsored by a goodish pickup in the US dollar demand. The global risk sentiment took a hit after the US President Donald Trump signed executive orders that would ban any US transactions with the Chinese companies that own TikTok and WeChat. This, in turn, drove some haven flows towards the US dollar and exerted pressure on the GBP/USD pair.

EUR/USD

EUR/USD has been a very strong player on the bid these past several weeks as the market's turn back on the mighty US dollar. There have been strong arguments for a fundamental long in the euro considering the newfound cohesion between European leaders coming together to resolve the economic crisis pertaining to the coronavirus. If the virus has been good for one thing, other than giving mother nature a break, it has managed to give a new lease of life to what was a thwarted single currency.

USD/JPY

The USD/JPY pair maintained its offered tone through the early European session and was last seen trading near the lowest level since March 12, below mid-104.00s.The pair added to its recent losses and continued losing ground for the seventh consecutive session on Friday amid the prevalent bearish sentiment surrounding the US dollar. Against the backdrop of a more dovish FOMC statement on Wednesday, doubts over the US economic recovery continued exerting some heavy pressure on the greenback.

GBP/USD

The GBP/USD pair broke out of its European session consolidation phase and jumped to fresh multi-month tops, around the 1.3160 region in the last hour. The pair prolonged its recent strong bullish trajectory and continued gaining positive traction for the tenth consecutive session on Friday. The prevalent bearish sentiment surrounding the US dollar was seen as one of the key factors fuelling the momentum, which got an additional boost from some technical buying above the 1.3100 mark. Investors remain worried that the ever-increasing number of coronavirus cases could undermine the US economic recovery. The market concerns resurfaced following the release of the advance US GDP report on Thursday, which showed that the world's largest economy collapsed by 32.9% annualised pace during the second quarter of 2020.

EUR/USD

The Euro initially rallied during the trading session on Thursday but continues to see the 1.16 level as a massive barrier, and quite frankly it makes quite a bit of sense that we need to come back and retest the previous resistance range. The resistance range was between the 1.14 level and the 1.15 handle, so at this point I would not be surprised at all to see this market go back to that area to find the value area.

USD/JPY

The USD/JPY pair dived to fresh one-month lows, around the 106.25 region in the last hour and has now moved well within the striking distance of June monthly swing lows. The pair added to the previous day's losses and remained under some heavy selling pressure for the second consecutive session on Friday – also marking the third day of a negative move in the previous four. The downfall was sponsored by reviving demand for the safe-haven Japanese yen and took along near-term trading stops placed near the 106.65-60 horizontal support.

GBP/USD

GBP/USD continues its attempts to settle above the resistance at 1.2750 as the U.S. dollar is losing ground against a broad basket of currencies while global markets are worried about continued deterioration of U.S. – China relations. The U.S. Dollar Index is testing the key support level at March lows at 94.65. This is a very important moment for the American currency since a move below this level may trigger an additional sell-off, which would be bullish for GBP/USD.

EUR/USD

The single currency has regained some buying interest and is now pushing EUR/USD to the vicinity of the 1.1400 neighbourhood on Friday. EUR/USD appears to have resumed the upside at the end of the week following Thursday’s moderate pullback. In fact, the greenback is receding some ground and allowing the move higher in the risk complex, always against the backdrop of the advance of the pandemic across the world and the gradual recovery in the economic activity.

USD/JPY

The USD/JPY pair edged lower through the early European session and refreshed daily lows in the last hour, with bears awaiting a sustained break below the 107.00 mark.The pair struggled to capitalize on the previous day's positive move, instead met with some fresh supply on the last trading day of the week amid some renewed US dollar selling bias. A sharp intraday turnaround in the US Treasury bond yields undermined the greenback and exerted some downward pressure on the USD/JPY pair. This comes amid worries that the second wave of the coronavirus infections might curb economic activity. This coupled with concerns about worsening US-China relations drew some haven flows towards the Japanese yen and further contributed to the USD/JPY pair might weaker tone through the first half of the trading action.

GBP/USD

The GBP/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the first half of the trading action on Friday. Following some good two-way price moves witnessed over the past couple of trading session, the GBP/USD pair now seems to have stabilised and was seen oscillating in a range near mid-1.2500s. The downside remained cushioned on the back of some renewed US dollar selling bias, though the uptick lacked any strong bullish conviction.

EUR/USD

The single currency has come under renewed selling pressure in the last couple of days, forcing EUR/USD to recede from multi-week tops around 1.1370 to Friday’s lows near 1.1250. EUR/USD is down for the second session in a row at the end of the week, facing increasing downside pressure in response to the better tone surrounding the greenback. In fact, the risk aversion sentiment re-emerged among traders in past sessions as market participants keep reassessing the ongoing reopening of economies around the world vs. the unremitting advance of the COVID-19 pandemic.

USD/JPY

USD/JPY is challenging fresh ten-day lows just below the 107 mark, as the bears remain in command amid intensifying risk-off sentiment. The downbeat market mood is likely to extend into Europe, as reflected by the accelerating losses in the S&P 500 futures. The fresh leg down in the US stock futures is helping boost the safe-haven bids for the yen, which has prompted USD/JPY to breach the 107 thresholds. Meanwhile, the US dollar continues to attract the safe-haven flows against its main peers, collaborating with the weakness in the major. The record rise in coronavirus cases in the US doused hopes of a V-shaped recovery and spooked the investors.

GBP/USD

Following a steady decline in the overnight trade, GBP/USD looks to extend the downside consolidative mode below 1.2600 in early Europe and remains vulnerable amid broad risk-aversion. The persistent surge in coronavirus cases in the US, concerns over the global economic rebound and Brexit uncertainty exert bearish pressure on the spot.

EUR/USD

The EUR/USD pair is about to end the week hovering around 1.1240, near the same level it had seven days ago. Price action was limited on Friday due to a holiday in the US and the pair moved sideways in a small range. Economic data from the Eurozone on Friday came in above expectations but it did not boost the euro. Over the week, despite economic reports including the upbeat NFP, EUR/USD remained on a consolidation mode moving around 1.1230.

USD/JPY

The USD/JPY pair lacked any firm directional bias and remained confined in a narrow trading band, around mid-107.00s through the early European session. A combination of diverging forces failed to assist the pair to capitalize on the previous day's modest uptick and led to a subdued/range-bound price action on the last trading day of the week. Optimism over a potential COVID-19 vaccine, coupled with reviving hopes of a V-shaped global economic recovery remained supportive of the upbeat market mood.

GBP/USD

The GBP/USD pair quickly retreated around 50 pips from daily tops and is currently placed near the lower end of its daily trading range, below mid-1.2400s. Following a brief consolidation through the early part of Friday's trading action, the GBP/USD pair gained some traction and climbed to an intraday high level of 1.2486. The prevalent upbeat market mood continued undermined the safe-haven US dollar, which coupled with an upward revision of the UK Services PMI provided a modest lift to the pair.

EUR/USD

EUR/USD's two-day decline has stalled with the bid tone around the US dollar weakening amidst signs of risk reset in the Asian equities. The pair is currently trading at 1.1224, representing marginal gains on the day, having printed a low of 1.1190 during Wednesday's US trading hours. Major Asian indices like Nikkei and S&P/ASX 200 are reporting gains following the overnight rally on Wall Street. The US stocks rose the Federal Reserve and other regulators announced that they are planning to remove some limits on banks' ability to make investments in hedge funds and similar ventures.

USD/JPY

The USD/JPY pair traded with a mild negative bias through the Asian session, albeit remained well with the previous day's broader trading range. The pair extended the overnight pullback from over one-week lows and edged lower on the last trading day of the week, snapping two consecutive days of the winning streak. The downtick was sponsored by a subdued US dollar price action and the prevalent cautious mood, which extended some support to the safe-haven Japanese yen. Investors remain concerned that a surge in new coronavirus cases could trigger fresh lockdown measures.

GBP/USD

The GBP/USD pair had some good two-way price moves on Thursday and finally settled nearly unchanged for the day. The pair managed to regain some intraday positive traction amid a positive turnaround in the European equity markets. The risk sentiment got a minor lift after the European Central Bank announced that it will offer loans against collateral to central banks outside the euro area. However, growing market worries that a surge in new coronavirus cases could trigger fresh lockdown measures continued benefitting the US dollar's relative safe-haven status. This comes on the back of the overnight report that the US is considering imposing tariffs on $3.1 billion of imports from the United Kingdom and the EU. This coupled with persistent Brexit uncertainty kept a lid on any strong follow-through move up for the major.

EUR/USD

EUR/USD's downward move looks to have stalled despite the risk-off tone in the equity markets. The shared currency could be benefitting from the developments in the bond market. The currency pair is trading near 1.1294 at press time, having defended the ascending or bullish 10-day simple moving average (SMA) support of 1.1276 during the Asian trading hours. The pair's recovery from the key SMA support may look confounding given the investors are shunning risk and buying safe havens like the US dollar and the Japanese yen on renewed concerns that the recovery could take years and a potential second wave of the coronavirus outbreak would cause bigger economic damage.

USD/JPY

The USD/JPY pair’s pullback moves from 106.60 fades upside momentum around 106.80 during the early Friday. Even so, the pair manages to remain on the sellers’ list for a fifth consecutive day while flashing 0.05% losses by the press time. The post-US Federal Reserve meeting increase in the market’s risk aversion seems to lose momentum off-late. However, the Fed funds futures are renewing the call for a negative Fed rate and keep the risk on the table.

GBP/USD

The GBP/USD pair struggled to capitalize on the intraday bounce from over one-week lows and held steady near the 1.2600-mark post-UK macro releases. The pair stalled this week's corrective slide from three-month tops – levels beyond the 1.2800 mark – and found some support just ahead of the 100-day SMA, near the 1.2545 region. The US dollar struggled to capitalize on the previous day's strong positive move amid some stability in the global financial markets and turned out to be one of the key factors that extended some support to the GBP/USD pair on the last trading day of the week.

EUR/USD

Following a brief consolidative stint in early Asia, EUR/USD is breaking higher heading into European trading this Friday. The spot conquers the 1.11 handle for the first time since March 30 despite the risk-off market environment, considering the escalating US-China tensions. The optimism around the European Union's (EU) bigger-than-expected fiscal stimulus proposal of 750 billion euros continues to underpin the sentiment around the shared currency. Further, expectations of the European Central Bank (ECB) expanding its bond-buying next week, to boost the economic recovery, also add to the strength in the spot.

USD/JPY

The bullish momentum around USD/JPY is gathering steam with traditional markets reporting risk reset, possibly on hopes for additional US fiscal stimulus. The pair is currently trading near 107.40, representing a 0.17% gain on the day, having hit a high of 107.44 soon before press time. The dollar found bids at lows near 106.75 on Thursday and has been gaining altitude ever since. The uptick in USD/JPY is accompanied by moderate gains in the US stock futures and mixed action in the Asian equities.

GBP/USD

The USD/JPY pair dived to near two-week lows in the last hour, albeit managed to find some support ahead of the 107.00 round-figure mark. Having repeatedly failed to make it through 50-day SMA hurdle, ahead of the 108.00 round-figure mark, the pair witnessed some aggressive selling on Friday and broke down of a near two-week-old trading range. Concerns about worsening US-China relations benefitted the Japanese yen's safe-haven status and turned out to be one of the key factors exerting pressure on the USD/JPY pair.

EUR/USD

The selling pressure around the single currency is picking up further pace at the end of the week and is motivating EUR/USD to trade closer to the key support at 1.0900 the figure. EUR/USD is so far losing ground for the second session in a row on the back of the recent recovery in the greenback, which in turn met support in the demand for the haven universe. In fact, renewed concerns on the US-China trade front and the China-Hong Kong scenario have gathered extra pace in past hours, prompting investors to dump riskier assets in favor of safer ones, like the dollar, the Japanese yen and US bonds.

USD/JPY

The USD/JPY pair edged lower through the Asian session on Friday and was last seen trading near the lower end of its daily range, just below mid-107.00s. The pair continued with its struggle to decisively break through the 50-day SMA barrier near the 107.85-90 region and came under some fresh selling pressure on the last trading day of the week. Concerns about worsening US-China relations took its toll on the global risk sentiment. This, in turn, benefitted the Japanese yen's (JPY) safe-haven status and exerted some pressure on the USD/JPY pair.

GBP/USD

The GBP/USD pair extended its sideways consolidative price action and remained confined in a narrow trading band post-UK macro data. The pair continued showing some resilience below the 1.2200 mark, albeit struggled to gain any meaningful traction amid reviving safe-haven demand for the US dollar. Worsening US-China relations and fears about the second wave of coronavirus infections overshadowed the recent optimism over the re-opening of economies globally.

EUR/USD

The selling bias around the European currency is prolonging for yet another session at the end of the week, leaving EUR/USD on the bearish side and looking to the 1.0800 neighborhood. EUR/USD is down for the third consecutive session on Friday, coming under extra downside pressure in past sessions against the backdrop of the improved sentiment around the greenback. In the meantime, investors’ attention remains on the developments from the coronavirus and the slowly resumption of the economic activity in the Old Continent. Earlier in the session, German Producer Prices contracted 0.7% inter-month and 1.9% on a year to April. Still in Germany, flash Q1 GDP figures will shed an initial gauge of the impact of the COVID-19 on the domestic economy.

USD/JPY

The bullish momentum around USD/JPY is gathering steam with traditional markets reporting risk reset, possibly on hopes for additional US fiscal stimulus. The pair is currently trading near 107.40, representing a 0.17% gain on the day, having hit a high of 107.44 soon before press time. The dollar found bids at lows near 106.75 on Thursday and has been gaining altitude ever since. The uptick in USD/JPY is accompanied by moderate gains in the US stock futures and mixed action in the Asian equities.

GBP/USD

GBP/USD seesaws around 1.2210, down 0.14% on a day while heading into the London open on Friday. Though, the pair is up for the biggest weekly losses in eight as Brexit worries, coronavirus (COVID-19) pessimism and broad US dollar strength weigh over the Cable. Hence, pair traders will pay close attention to today’s US consumer-centric data for fresh direction.

EUR/USD

EUR/USD keeps the buying interest unchanged in the second half of the week, reclaiming the 1.0850 region following Thursday’s lows in sub-1.0800 zone. The currency pair is sticking to the positive ground so far on Friday, adding to gains recorded in the previous session against the backdrop of a better tone in the risk-associated complex. In fact, positive headlines from the US-China trade conflict suggested that both parties could meet at some point in the very near term in order to resume the trade negotiations. The news lifted the spirits around the riskier assets and undermined the moderate rebound in the greenback, sponsoring the bounce off lows in spot afterwards.

USD/JPY

Having failed several attempts to sustain the bounce above the 5-DMA at 106.43. USD/JPY is consolidating the latest uptick amid a typical pre-US Non-Farm Payrolls (NFP) trading lull and light market conditions. The bulls catch a breath and await a fresh catalyst, as they remain divided between a broadly weaker US dollar and the renewed optimism on the US-China trade front. A phone call held between the US and Chinese trade negotiators bolstered the already upbeat market mood.

GBP/USD

The GBP/USD pair traded with a positive bias through the early European session, albeit continued with its struggle to find acceptance above the 1.2400 mark. Following the previous day's directionless/two-way price action, the pair managed to regain some positive traction on the last trading day of the week and was being supported by the prevalent US dollar selling bias. The latest optimism over the easing of lockdown restrictions, coupled with hopes for a quicker than anticipated global economic recovery

EUR/USD

EUR/USD is up over 1% on a week-to-date basis, the currency pair has pulled back from two-week highs registered on Thursday, the currency pair still looks set to end its two-week losing trend. At press time, the pair is trading near 1.0946, having hit a high of 1.0973 during Thursday's American session. That was the highest level since April 15. Although, big gains in EUR/USD could remain elusive as the S&P 500 futures are pointing to risk aversion with a 1.4% drop. The stock futures seem to have come under pressure due to Trump's comments on China and the resulting fears of a trade war and of deeper downturn in the US economy.

USD/JPY

The USD/JPY pair weakened further below the 107.00 round-figure mark and refreshed daily lows during the early European session. The pair failed to capitalize on the previous day's solid intraday recovery move from six-week lows and met with some fresh supply on the last trading day of the week. The pair struggled to find acceptance above 200-hour SMA and started retreating from the 107.40-50 region, amid a further deteriorating in the global risk sentiment. The latest optimism over the successful stage 1 clinical trial of Gilead Sciences' antiviral drug remdesivir to treat COVID-19 patients and re-opening of economies in some parts of the world faded rather quickly.

GBP/USD

The GBP/USD pair surged over 200 pips intraday and shot to over two-week tops on Thursday amid some aggressive US dollar selling. Against the backdrop of Wednesday's dovish Fed and awful US GDP report, the greenback was further weighed down by the post-ECB pickup in the demand for the shared currency. The USD bearish pressure aggravated further following the release of Initial Weekly Jobless Claims, which dropped 603k to 3839k in the week ending April 25.

EUR/USD

The Euro is trading at its lowest level since March 24 early Friday as a division over Europe’s emergency fund dragged down the single currency. According to reports, the European Union agreed to build a trillion Euro emergency fund but left the details to be disclosed later leaving more uncertainty. Preliminary goods orders data in the United States and a German business sentiment survey due later Friday are unlikely to improve investors mood especially as the global recovery begins to look increasingly rocky. In the Euro Zone, the German IFO Business Climate report is expected to come in at 79.8, down from 86.1. The report is due to be released at 08:00 GMT.

USD/JPY

After Thursday’s spike above 108.00 on reports of Bank of Japans removal of the bond-buying limit, USD/JPY dropped back below 108. Japan's new economic relief package to fight the coronavirus pandemic is estimated to boost real gross domestic product by about 4.4% as stated by Japans economy minister, although he has yet to reveal when the meeting will be held to conclude the details of the relief package.

GBP/USD

GBP/USD has been on the back foot amid weak UK data and the gloomy market mood. Speculation about extending lockdowns and US figures are on the agenda. Retail sales plunged by 5.1% in March, worse than expected. Durable Goods Orders statistics for March are forecast to plunge, showing a drop in investment while Final Consumer Sentiment figures from the University of Michigan have the final word of the week, and they will compete for updated COVID-19 updates for attention.

EUR/USD

The Euro fell again during the trading session on Thursday, as we continue to see a lot of concern out there when it comes to the global growth scenario. Europe is a mess currently although some leaders are already starting to talk about resuming work. This creates demand for US treasuries therefore driving up the demand for the US dollar itself. It’s a relatively quiet day ahead on the economic calendar however the EUR year over year inflation rate numbers may make a small stir in the market.

USD/JPY

The US dollar continues to try to grind higher against the Japanese yen, but it seems to be failing a bit. With over 22 million jobs lost in the United States in the last month, it’s certainly a bleak picture out there. With the world economy stopping, the only thing that’s keeping this pair up is the fact that the US dollar is part of the equation. After all, the US dollar does attract a certain amount of attention since there are US treasuries out there waiting to be bought.

GBP/USD

U.S. dollar shows some strength despite positive news about reopening of the U.S. economy and hopes that Gilead’s remdesivir can cure coronavirus. However, the U.S. dollar maintained its strength against a broad basket of currencies and was mixed against the British pound. We have a quiet day ahead without much impact expected from the economic calendar.

EUR/USD

EUR/USD is advancing for the second consecutive session on Good Friday and manages to clinch fresh weekly highs near 1.0960, always following the continuation of the offered bias in the greenback. The shared currency picked up extra steam in the last hours after the Federal Reserve announced on Thursday another wave of monetary stimulus, this time in the form of $2.3 trillion support oriented to small and medium companies, workers and local governments.

USD/JPY

The US dollar has gone back and forth against the Japanese yen, showing signs of confusion at this point. The moving averages of course will cause a lot of confusion as the markets look to them for guidance on long term charts. Against the backdrop of increasing concerns on the coronavirus outbreak in Japan, extra stimulus pumped by the Federal Reserve and skepticism on the recently announced emergency economic package by the Japanese government. In fact, Tokyo is expected to announce suspension measures in several businesses considering the broad-based state of emergency declared in the country following the pick-up in infected cases as of late.

GBP/USD

The pound has found strength again during the trading session on Thursday, as we continue to see a lot of noise out there that is going to continue to cause major issues. After all, the world is dealing with a major “risk off” event, but at the same time it should be noted that with the Federal Reserve willing to step in and buy several different assets, including junk bonds which is something that they’ve never done. In other words, they are going to make sure that the world avoids a credit crunch, which was a major problem with the economy when it came to the 2008 situation

EUR/USD

EUR/USD has wiped a chunk of its out sized 4% gain last week as dollar bulls have dominated the week. The dollar index (DXY) has taken out important resistance over the last 24. Weaker than expected data out of Europe further weighed on EUR/USD in the early day on Friday as survey data from purchasing managers in the services industry showed a sharp difference in activity last month. The services PMI index for the Eurozone in March printed at 26.4 which was even lower than the flash estimate of 28.4. In comparison, the index was in expansion for February when it hit 51.6. The composite index fell to 29.7, exceeding the lows reached during the financial crisis.

USD/JPY

The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as it looks like we are seeing a lot of trouble right around the ¥107.50 level. Ultimately, the market is likely to continue to go lower due to the fact there is a major risky attitude with the initial jobless claims coming out as terribly as they have.

GBP/USD

The US dollar has gained against all the major currencies and is up about one and a half percent against the pound in the week thus far. GBP/USD has shown resilience as the pair has continued to hold within a relatively tight range for the entire week. Volatility in the currency pair slowed drastically this week as it has shown price swings of 5% or higher in the prior three weeks. Yesterday’s US jobless claims data indicated the US economy is also hit hard by the Coronavirus. A record 6.6 million new individuals filed for unemployment benefits in the past week which was nearly double the analyst estimate. Further, it followed a read of 3.3 million last week, which was also a record at that time.

EUR/USD

The US dollar is on the back foot due to a mix of factors, and the common currency is rising – despite having its own issues. EUR/USD has reached a high of 1.1086, over 400 pips above the multi-year lows recorded this week. The dollars main downside driver is the Federal Reserve's open-ended Quantitative Easing program announced on Monday. Jerome Powell, Chairman of the Fed, reiterated his commitment to the economy in a rare television interview and added that "we will not run out of ammunition. “The bank's unlimited checkbook is pushing stocks higher – rising on Thursday for the third consecutive day – and weighing on the safe-haven dollar.

USD/JPY

The Japanese yen remains heavily battered against the US dollar on Friday, fueling a massive 3% rally in USD/JPY, as the bulls now look to conquer the 108 handles ahead of US President Trump’s news conference on coronavirus. The three big figures rebound in the spot can be mainly attributed to a sharp turnaround in the risk sentiment, reflected by the upsurge in the US equity futures, Wall Street indices and Treasury yields across the curve.

GBP/USD

The British pound was among the biggest movers on Thursday and rallied around 2.8% against its American counterpart. The US dollar extended its week-long decline amid concerns over tightening liquidity, all against the Fed's unlimited QE program and a massive $2.2 trillion US economic stimulus package. The dollar was further pressured by the Fed Chair Jerome Powell's comments, saying that there is still room for more action to fight coronavirus crisis. Adding to this, a massive rise in US initial weekly jobless claims underscored the devastating impact on the economy from the coronavirus pandemic and did little to ease the bearish pressure surrounding the buck.

EUR/USD

The EUR/USD pair continued to move off highs during the American session and recently dropped to test recent lows. It bottomed 1.0660 before bouncing back to 1.0700 where it was trading, near Thursday’s close. As Wall Street turned negative, the greenback reaffirmed the move off lows. Earlier today, risk appetite weakened the demand for the greenback. EUR/USD traded as high as 1.0830, before turning to the downside.

USD/JPY

The USD/JPY pair weakened further below mid-109.00s and has now retreated nearly 200 pips from near one-month tops set earlier. The pair failed to capitalize on its early Asian session positive move and started correcting from the 111.35 region amid some aggressive US dollar long-unwinding. The pair eroded a major part of the previous day's strong positive move and for now, seems to have snapped three consecutive days of winning streak.

GBP/USD

The GBP/USD pair on Friday trimmed gains significantly and it was about to end the week with a 700-pip slide. After reaching levels on top of 1.1900, the pound weakened and retreat under 1.1600. The greenback remains strong in the market. The DXY spend most of the day in negative territory but during the American session recovered ground and rose back to the recent high, close to 103.00. It is up 4.10% from a week ago, the best performance in years. Not even lower US yields, or when the equity market posted gains, curbed US dollar’s strength. The pound, on the contrary, remains under pressure, affected by risk aversion.

EUR/USD

As the USD bulls remain unstoppable so far this Friday’s American session, EUR/USD remains heavily offered amid growing coronavirus risks globally. At the time of writing, the spot is few pips off the 1.1063 low and trades near 1.1075, still down 1% daily. The number of virus cases internationally is picking up rapidly, with Spain likely to declare a state of emergency as early as Saturday while US President Trump is also seen announcing a national emergency at his news conference scheduled later today at 1900 GMT.

USD/JPY

The Japanese yen remains heavily battered against the US dollar on Friday, fueling a massive 3% rally in USD/JPY, as the bulls now look to conquer the 108 handles ahead of US President Trump’s news conference on coronavirus. The three big figures rebound in the spot can be mainly attributed to a sharp turnaround in the risk sentiment, reflected by the upsurge in the US equity futures, Wall Street indices and Treasury yields across the curve.

GBP/USD

GBP/USD has tumbled down below 1.23, nearing a 300-pip fall and trading at the lowest levels since October 2019. Since Monday, cable has shed around 800 pips, moves previously reserved for considerable Brexit developments. Coronavirus fears have rattled markets and are causing extreme demand for the safe-haven US dollar. While global stock markets are recovering, the greenback maintains its strength.

EUR/USD

The upbeat tone in the single currency remains well and sound so far at the end of the 1.0780/75 band in February, the pair managed to reverse the pessimism and gain week and is now lifting EUR/USD to fresh 2020 highs in the proximity of 1.1280. EUR/USD is adding to Thursday’s gains above the 1.1200 mark and is already trading at shouting distance from 1.1300 the figure, levels last seen in mid-July 2019. Indeed, after bottoming out in the around five cents, or nearly 4.70%. Later in the session, all the attention will be on the US Payrolls, where consensus expects the economy to have created 175K jobs during last month.

USD/JPY

The USD/JPY pair lost some additional ground on the last day of the week and tumbled to over six-month lows, below the 106.00 round-figure mark during the Asian session. The pair added to its recent heavy losses and remained under some heavy selling pressure for the second consecutive session on Friday. The downfall marked the pair's third day of a negative move in the previous four – also the fifth in the last seven – and was sponsored by the coronavirus-led selloff across the global equity markets.

GBP/USD

GBP/USD is struggling to clear resistance of the trendline falling from December and January highs on Friday despite the slide in the US treasury yields. The currency pair is currently trading near 1.2955, having failed to take out the trendline hurdle at 1.2965 during the Asian trading hours. A combination of factors assisted the pair to continue gaining positive traction for the fourth consecutive session.

EUR/USD

EUR/USD is surging to three-week highs amid coronavirus-related USD weakness. Friday's four-hour chart is pointing to oversold conditions while economic divergence favors the dollar. Yohan Elam, an analyst at FXStreet, says these are the reasons for the stop in the euro climb. The upside momentum in the shared currency is extending for yet another session on Friday and is lifting EUR/USD to fresh 3-week highs in the 1.1050/55 band.

USD/JPY

The USD/JPY pair collapsed, trading a few pips above the monthly low of 108.31. Further declines are expected below this level. Growing market concerns over the outbreak of the deadly coronavirus outside of China and its impact on the world economy deepened a weeklong global stock market rout on Friday. This might continue to boost the Japanese yen perceived safe-haven status and thus, support prospects for a fresh near-term bearish breakdown.

EUR/USD

The GBP/USD pair failed to capitalize on its early uptick on Thursday, rather met with some fresh supply near the 1.2950 region and dropped to one-week lows. The British pound started losing ground after the UK published its mandate outlining its priorities for trade talks with the European Union. The document stated that the British Prime Minister Boris Johnson could walk away from trade talks in June unless there is the "broad outline" of an agreement.

EUR/USD

EUR/USD has managed to regain some traction after recording fresh 2020 lows in the 1.0780 region earlier in the week. In the meantime, extreme “oversold” conditions, as per the RSI indicator, could spark occasional bouts of strength that should face an initial hurdle in the 1.0890 region, where sits a Fibonacci retracement of the 2020 drop and the October 2019 low. On the broader scenario, the bearish view remains unchanged if the spot trades below the 55-day SMA, today at 1.1050.

USD/JPY

The USD/JPY pair maintained its offered tone through the mid-European session, albeit has managed to trim a part of the early losses to mid-111.00s. Having witnessed some heavy selling over the past two trading sessions, the Japanese yen attracted some safe-haven flows on the last trading day of the week and seemed rather unaffected by a further drop in the Japanese manufacturing PMI.

GBP/USD

The GBP/USD pair extended its daily recovery during the American session on Friday and touched a fresh daily high of 1.2978 as the USD came under heavy selling pressure on disappointing PMI data. As of writing, the pair was up 0.7% on the day at 1.2972. Despite this rebound, the pair remains on track to post weekly losses.

EUR/USD

After bottoming out (and printing fresh 2020 lows) in the 1.0830/25 band, EUR/USD has managed to regain some poise, trim part of the daily losses and retake the 1.0840 region. The pair is now alternating gains with losses after a briefly testing fresh yearly lows in the 1.0830/25 band. The euro depreciated further vs. the greenback after German advanced GDP figures showed the economy is expected to come in flat during the October-December 2019 period, surprising markets to the downside once again.

USD/JPY

The USD/JPY pair lost nearly 15 pips with the initial reaction to Retail Sales and Industrial Production data from the US and touched a session low of 109.75 before recovering slightly. As of writing, the pair was trading at 109.78, down 0.03% daily.

GBP/USD

The GBP/USD pair held on to its weaker tone and dropped to fresh session lows, around the key 1.30 psychological mark in reaction to the latest US macro data. As investors looked past the latest UK political developments, the pair failed to capitalize on the previous session's strong intraday positive move of around 125 pips and started retreating from a resistance marked by 50-day SMA.

EUR/USD

EUR/USD has accelerated the downside at the end of the week after the so far convincing break below 1.10 the figure, reaching new yearly lows in the 1.0950/45 band. The increasing selling interest has now opened the door to a potential visit to the 2019 low at 1.0879 recorded on October 1st.

USD/JPY

The USD/JPY pair is trading in the negative territory on Friday as the sour market mood helps the JPY stay strong against the USD. As of writing, the pair was down 0.17% on the day at 109.80. Despite today's poor performance, however, the pair remains on track to close the week nearly 140 pips higher.

GBP/USD

GBP/USD registers mild gains of 0.10%, currently around 1.2940, while heading into the London open on Friday. The pair dropped to the multi-day low on Thursday amid broad US dollar strength but bounced off-late amid risk-reset, Brexit positive headlines.

EUR/USD

The EUR/USD pair rose further and printed a fresh weekly high at 1.1090. So far today it gained more than fifty pips, having the best daily performance since December. It holds firm near the top, slightly above the 20-day moving average around 1.1080. A decline of the US dollar against majors boosted the EUR/USD pair. The US Dollar Index is falling for the second day in row, erasing the gains of the last two weeks.

USD/JPY

The USD/JPY pair struggles to make a meaningful recovery on Friday as investors continue to stay close to safe-haven assets such as the JPY amid heightened concerns over the coronavirus outbreak's negative impact on the global economy. After touching a fresh daily high of 109.15 earlier in the day, the pair erased its gains and was last seen trading at 108.95, where it was virtually unchanged on a daily basis.

GBP/USD

GBP/USD holds onto recovery near 1.3100 while heading into the London open on Friday, the Brexit day. The pair registered sharp gains the previous day as the BOE announced no rate cuts while the US-UK trade tension receded. The traders will now keep eyes on the UK PM Boris Johnson’s speech at 22:00 GMT during the day of joy and sorrow.

EUR/USD

The broad-based USD strength in the second half of the day caused the EUR/USD pair to slump to its lowest level since early December at 1.1023. As of writing, the pair was down 0.25% on the day at 1.1025. For the week, the pair is erasing more than 60 pips and is looking to register losses for the fourth straight time.

USD/JPY

The USD/JPY pair lost more than 100 pips this after rising to its highest level since May at 110.30 last Friday as heightened fears over coronavirus spreading and becoming a global epidemic allowed JPY to find demand as a haven. With the market sentiment improving slightly, however, the pair recovered a small portion of its weekly losses on Friday and was last up 0.12% on the day at 109.62.

GBP/USD

The GBP/USD pair extended its intraday pullback from two-week tops and dropped to fresh session lows in the last hour, further below the 1.3100 mark. The pair initially gained some positive traction and climbed to the highest level since January 7 following the release of mostly upbeat UK PMI prints. In fact, the gauge for the manufacturing sector rose to its strongest level since April and the services PMI jumped to its highest level since September 2018.

EUR/USD

The EUR/USD continued to decline after the beginning of the American session and fell to 1.1085, reaching the lowest level in a week. As of writing, trades at 1.1090, down 45 pips for the day. A stronger US Dollar across the board pushed EUR/USD lower. The DXY broke above 97.60 and reached at 97.65, levels not seen since December 26. It remains near the top, firm above last week highs.

USD/JPY

The USD/JPY pair climbed to its highest level since mid-May at 110.29 during the Asian trading hours as the positive market sentiment made it difficult for the safe-haven JPY to find demand. The upbeat macroeconomic data releases from China eased concerns over a global economic slowdown and allowed risk-on flows to dominate the markets. Industrial Production and Retail Sales both rose more than expected in 2019 in China and the economy expanded 6% as expected.

GBP/USD

GBP/USD fails to hold onto three-day-old recovery gains while trading around 1.3070 ahead of the London open on Friday. The US dollar’s (USD) broad recovery and the European Union’s (EU) tough stand on Brexit seems to have pushed the bulls back off-late. Market players will now concentrate on the UK’s December month Retail Sales as an immediate catalyst.

EUR/USD

The EUR/USD pair extended its rebound during the American trading hours and reached a fresh daily high of 1.1120 with the greenback struggling to find demand after disappointing labor market data. As of writing, the pair was up 0.12% on the day at 1.1118. Earlier in the day, the US Bureau of Labor Statistics reported that NFP in December increased by 145,000 to miss the market expectation of 164,000. Furthermore, the Average Hourly Earnings only rose 0.1% on a monthly basis and dragged the annual rate to 2.9% from 3.1%.

USD/JPY

The USD/JPY pair lost its traction and fell to 109.50 area after the disappointing labor market data from the US weighed on the dollar. As of writing, the pair was up 0.06% on the day at 109.57. However, USD/JPY is now into a hard resistance area and it has failed repeatedly around here since late November. However, should a deal be signed, sealed and delivered next week, there could be a phase of hysteria leading to an upside breakout and test of the 110 territories and rising channel resistance further up in the handle.

GBP/USD

The GBP/USD pair held on to its weaker tone through the early North-American session on Friday, albeit has managed to rebound around 30-35 pips from weekly lows. The pair added to the overnight losses and remained under some selling pressure for the second consecutive session on Friday. The prevalent risk-off mood benefitted the US dollars perceive safe-haven status against its British counterpart.

EUR/USD

The EUR/USD pair extended the recovery from weekly lows following the release of the US ISM Manufacturing report. It rose to 1.1167 and as of writing trades at 1.1165, modestly lower for the day, and forty pips above the daily low. The rebound took place after the dollar pulled back across the board. Earlier today, tensions between Iran and the US sent the US dollar to the upside. EUR/USD bottomed at 1.1123 before bouncing to the upside. 

USD/JPY

The USD/JPY pair tried to stage a recovery toward the 109 level on Thursday supported by the broad-based USD strength but ended up reversing its direction on Friday with the JPY finding demand amid rising geopolitical tensions in the Middle East. As of writing, the pair was trading at its lowest level since early November at 108.03, losing 0.5%

GBP/USD

GBP/USD stays modestly changed to 1.3140 while heading into the London open on Friday. The pair dropped the previous day on broad USD recovery but is recently waiting for fresh clues to extend the downside.