AUD/USD loses momentum before reaching 0 7400, focus shifts to RBA fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
5/4/2021 1:13:28 PM GMT | By FXStreet Insights Team
The EUR/USD pair fell to 1.1998 on the back of renewed dollar’s strength, now bouncing from the level but still trading in the red. All in all, the euro’s bullish potential is limited, according to FXStreet’s Chief Analyst Valeria Bednarik.
EUR/USD maintains the risk skewed to the downside
“The EU macroeconomic calendar had nothing to offer, while the US has just published the March Goods Trade Balance, which posted a deficit of $ 91.6 billion. Later today, the country will release March Factory Orders and the ISM-NY Business Conditions Index for April.”
Reserve Bank of New Zealand Preview: Forecasts from 10 major banks fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
4/7/2021 11:47:51 AM GMT | By FXStreet Team
The USD/JPY pair keeps trading below 110.00, consolidating its latest losses, and at risk of falling further, according to FXStreet’s Chief Analyst Valeria Bednarik.
Japan Leading Economic Index improved to 99.7 in February, missing expectations
“Japan published the preliminary estimate of the February Leading Economic Index, which improved from 98.5 to 99.7 but missed the market’s expectations of 100.7. The Coincident Index for the same period contracted from 90.3 to 89. The US will publish the February Trade Balance, expected to post a deficit of $-70.5 billion.”
“The USD/JPY pair is at risk of extending its decline according to near-term readings. A steeper decline could be expected on a break below 109.50, the immediate support level.”