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EUR/USD2016-05-04 18:42 UTC

EUR-USD appears to have shifted to consolidation mode, after falling from eight-month highs of 1.1616 posted yesterday. Position squaring looks to have run its course for now, with the 1.1500 expected to become the center point of a likely 1.1400-1.1600 near term trading range. Friday's U.S. jobs report is the next likely major risk event for EUR-USD and indeed, the dollar overall. Read More 

XE Market Analysis

  • North American Edition2016-05-04 10:58 UTC

    The dollar extended the rebound gains that took root yesterday. EUR-USD looks set to break a run of seven higher highs, and has already traded below the previous day's low for the first time in 12 days, making a low so far of 1.1470, down from yesterday's nine-month peak at 1.1616. USD-JPY reached a rebound peak of 107.45, almost two big figures above yesterday's 18-month low at 105.55. The pair has since settled back under 107.0. Tokyo markets remained ... Read More 

  • European Edition2016-05-04 06:52 UTC

    The dollar rebound, yen correction has persisted today after taking root yesterday. EUR-USD now looks set to break a run of seven higher highs, and has already traded below the previous day's low for the first time in 12 days, making a low so far of 1.1483, down from yesterday's nine-month peak at 1.1616. The buck is also up on sterling, the Canadian and Australian dollars, and most other currencies. USD-JPY has logged a peak a 107.47 after basing ... Read More 

  • Asian Edition2016-05-04 18:42 UTC

    Aside from the softer ADP jobs report, which missed the mark, incoming U.S. data was upbeat on Wednesday, as services ISM and factory orders improved, the trade deficit narrowed, productivity was less-weak than forecasts, and unit labor costs rose. The dollar reacted negatively to the employment data, though recovered on the back of subsequent releases. Wall Street was not impressed, as it fell on the souring global growth outlook, while yields eased ... Read More 

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