Forex Market

Stronger U.S. payrolls and rising Treasury yields have reignited USD/JPY’s sensitivity to rate differentials. With inflation data looming, traders are watching for signs this shift has staying power.

In recent hours, the euro has depreciated by nearly 0.5% against the U.S. dollar, and a bearish bias has started to take shape following the release of today’s Non-Farm Payrolls (NFP) report.

EUR/USD and USD/JPY approach key resistance zones with volatility rising ahead of the US nonfarm payrolls report. Here's how price action is shaping up.

If you think this week's calm in USD/JPY will last, think again. With the U.S. labour market and inflation in focus, history suggests volatility is just around the corner.

The US dollar remains under pressure, but extreme bearish sentiment, technical support, and fading downside momentum hint at a potential rebound.

The US Dollar is vulnerable as leading indicators point to near-expectation reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 115-150K range.

The Kiwi’s in an uptrend and flashing bullish signals, but .6050 stands in the way. With no major local catalysts, direction may hinge on a barrage of top-tier U.S. data and broader dollar sentiment.

Sterling's rally has been powered by strong U.K. data and shifting rate expectations, but with major economic releases and the ECB decision ahead, volatility in GBP/USD may just be getting started. With the pair squeezed against trend support and capped below 1.3600, the next move could be decisive.

After the BOC's "dovish hold," USD/CAD is threatening a breakdown below key support in the 1.3700-15 area – the next support level for bears to watch is near 1.3625, the minor highs from last September

Until the Trump-Xi call and ECB decision play out, expect EUR/USD forecast to remain stable, and price action to stay range-bound. I remain cautious on chasing USD rallies and see 1.1215-1.1220 as a key area to watch if bearish momentum builds.

Surprises in growth and inflation have pushed the Bank of Canada into a corner, with markets now backing a hold in June. With USD/CAD bouncing at key technical support, the spotlight turns to Macklem’s post-decision tone for the next move.