The euro is trading below the 1.06 level. An important cluster stands near the 1.0550 level, where demand should occur.
Sterling is recovering after losses that took place on Friday, which compelled the exchange rate to end the week under the major 1.24 level. Support is now being built around the 1.2360/70 level. This week offers CPI and employment data committed with the UK.
Dollar/yen is above the 111 level despite the under 100K new job positions created in March reported last week by the US Labor Department. The report also noticed that the unemployment rate dropped to 4.5%. And from now on, it seems that to sustain these levels of low unemployment rate it will only likely require monthly NFP data below 100K – and that’s not due to weather. That’s the momentum that the US economy is experiencing.
Gold is pulling back after Friday’s US missile attack on Syria and after Donald Trump’s talk of his “very, very, great relationship” with Xi Jinping. It was a coincidence that the Florida tête-à-tête took place on the night the White House launched airstrikes on Syria. Gold reacted to US military actions and retreated after evidences of this “great relationship” between the two Presidents.
Sterling is recovering after losses that took place on Friday, which compelled the exchange rate to end the week under the major 1.24 level. Support is now being built around the 1.2360/70 level. This week offers CPI and employment data committed with the UK.
Dollar/yen is above the 111 level despite the under 100K new job positions created in March reported last week by the US Labor Department. The report also noticed that the unemployment rate dropped to 4.5%. And from now on, it seems that to sustain these levels of low unemployment rate it will only likely require monthly NFP data below 100K – and that’s not due to weather. That’s the momentum that the US economy is experiencing.
Gold is pulling back after Friday’s US missile attack on Syria and after Donald Trump’s talk of his “very, very, great relationship” with Xi Jinping. It was a coincidence that the Florida tête-à-tête took place on the night the White House launched airstrikes on Syria. Gold reacted to US military actions and retreated after evidences of this “great relationship” between the two Presidents.