Fxstreet latest news
Here are the latest news from FXStreet:
Market News
- USD/JPY drops to 2-week low as US yields slide: The USD/JPY pair fell to a 2-week low on Friday, as US Treasury yields declined, weighing on the dollar.
- EUR/USD bounces back above 1.1300 as US data disappoints: The EUR/USD pair rebounded above 1.1300 on Friday, as US economic data came in weaker-than-expected, boosting the euro.
- GBP/USD falls to 1-week low as UK inflation data disappoints: The GBP/USD pair fell to a 1-week low on Friday, as UK inflation data came in lower-than-expected, weighing on the pound.
Technical Analysis
- USD/CAD: Bullish engulfing pattern forms, eyes 1.3200: A bullish engulfing pattern has formed on the USD/CAD daily chart, suggesting a potential reversal higher towards 1.3200.
- EUR/JPY: Bearish trend line broken, eyes 130.00: The EUR/JPY pair has broken a bearish trend line, suggesting a potential reversal higher towards 130.00.
- AUD/USD: Bullish momentum builds, eyes 0.7200: The AUD/USD pair has built bullish momentum, suggesting a potential move higher towards 0.7200.
Economic Calendar
- US Non-Farm Payrolls (Mar): The US Labor Department will release the March Non-Farm Payrolls report, which is expected to show a gain of 175,000 jobs.
- UK GDP (Q1): The UK Office for National Statistics will release the Q1 GDP report, which is expected to show a 0.1% contraction.
- Eurozone CPI (Mar): The European Central Bank will release the March CPI report, which is expected to show a 1.3% annual rate.
Forex News
- ECB's Lagarde: Eurozone economy faces significant risks: European Central Bank President Christine Lagarde warned that the eurozone economy faces significant risks, including the impact of the Ukraine-Russia conflict.
- BOE's Bailey: UK economy faces significant challenges: Bank of England Governor Andrew Bailey warned that the UK economy faces significant challenges, including the impact of the Ukraine-Russia conflict and the ongoing pandemic.
- Fed's Powell: US economy faces significant risks: Federal Reserve Chairman Jerome Powell warned that the US economy faces significant risks, including the impact of the Ukraine-Russia conflict and the ongoing pandemic.
Please note that the news and analysis provided by FXStreet are for informational purposes only and should not be considered as investment advice. It's always important to do your own research and consult with a financial advisor before making any investment decisions.