EUR/USD bounds higher post-NFP, taps into 1.0600

Share: EUR/USD catches a firm lift post-US NFP release, climbing 1.12% from the day’s bottom. Broad-market flows have gone firmly risk-on following a bumper NFP reading for the USD. Euro traders will be looking ahead to Monday’s investor confidence indicator for October. The EUR/USD climbed 117 pips from Friday’s bottom bids of 1.0482

Consolidates around mid-1.0500s, focus remains on US NFP

Share: EUR/USD struggles to gain any meaningful traction on Friday and oscillates in a narrow band. The technical setup seems tilted in favour of bears and supports prospects for further decline. Traders now await the release of the key US NFP report before placing fresh directional bets. The EUR/USD pair is seen oscillating

Oscillates below the Kumo, with buyers eyeing 181.60s

Share: GBP/JPY registers a 0.50% gain, moving from 179.56 to a close of 180.92, with a cautious uptick to 181.05. An imminent test of the Ichimoku Cloud bottom at 181.61 could dictate the next directional move towards 181.90 or below 178.03. Short-term view leans neutral to slightly bullish, with key resistances set at

The bullish outlook remains in place

Share: DXY comes under pressure following recent peaks. A move to 108.00 still appears in store near term. DXY faces some selling pressure after climbing to new 2023 tops in the 107.30/35 band on Tuesday. In light of the ongoing price action, extra gains appear likely in the dollar for the time being.

EUR/USD slides below 1.0500 amid rising US yields, hawkish Fed comments

Share: EUR/USD drops to 1.0500, down 0.69%, as rising US Treasury bond yields and expectations of additional Fed tightening weigh heavily on the pair. Contrasting economic outlooks with improving US business activity and decelerating Eurozone factory activity contribute to the Euro’s decline. The EUR/USD is bearish biased, with significant support at 1.0500 and

GBP/USD loses the 1.22 handle to close out Friday trading

Share: The GBP/USD initially rose on Friday, but got knocked lower as the market broadly swept back into the US Dollar. The US Dollar index caught a late bid to push back into the middle to close out the trading week. Recession risk is still quite high in the UK, capping Pound Sterling