The Greenback managed to establish a fresh five-week high at the end of last week, but with the exchange rate failing to inch higher than the 1.33 major level, as the Bollinger band and monthly R1 limited the volatility.
The AUD/USD tested the monthly PP last Friday, but suffered a decline, amid strong US Payrolls data. As a result, the pair breached the up-trend and found support only in face of the Bollinger band and weekly S1 around 0.7040. A corre
The European currency reached a daily low of 131.50, but ended the day just at the September low.
There was no chance given to the bullion to commence any kind of recovery on Friday, owing to strongly optimistic jobs report for October.
The USD/JPY exceeded all expectations and climbed above the 123.00 major level on Friday and even higher over the weekend.
The Sterling suffered heavy losses against the US Dollar on Friday, amid an extremely better-than-expected Non-Farm Payrolls data.
Daily decline of the Euro against the US Dollar amounted to 150 pips on Friday, following encouraging employment report from the world's biggest economy.
Although the New Zealand Dollar regained the bullish momentum yesterday, the surge was not as strong as anticipated.
The US Dollar advanced against the Loonie yesterday, with gains limited by the 55-day SMA, thus, preventing the USD/CAD from reaching the 1.32 level.
The Aussie remained relatively unchanged over Thursday, losing only five pips.
The EUR/JPY currency pair retested the weekly PP on Thursday, but failed to negate the preceding day's losses completely.
Gold's losing streak was prolonged through the seventh consecutive day on Thursday, already pricing in the approaching employment report from the world's largest economy.
The Greenback retreated from its intraday high after the US data disappointed yesterday, thus confirming the resistance line at 121.74.
The Cable lost over 170 pips on Thursday, suffering from BoE governor's dovish statement.
Thursday trading was tranquil in terms of volatility, while EUR/USD decided to wait for more pronounced fundamental impetus on Friday.
The Kiwi performance over Wednesday fell in line with expectations, as the NZD/USD currency pair weakened and closed trade between the 100-day SMA and the lower Bollinger band.
"The market now prices a 58 percent chance of a December hike. The Fed will become increasingly emboldened in its attempt to finally raise interest rates, if it sees that markets can remain resilient each time it mentions the potential of a December hike." - Bank of New Zealand (based on The New Zealand Herald) Pair's Outlook The American Dollar appreciated against the
After reaching the 20-day SMA for the second time this week, the Aussie suffered a 37-pip loss.
The Euro surprised with its performance on Wednesday, falling against the Japanese Yen slightly deeper than anticipated.
The bullion is now declining for six consecutive days. Since Wednesday of the previous week gold has lost around $60 per ounce in its price, while yesterday a sell-off was extended below the four-month trend-line.
The USD/JPY appreciated slightly more than anticipated and, as a result, stabilised at the highest in two months.
Strong US fundamentals pushed the Cable back under the 1.54 level, but the powerful cluster around 1.5360 limited the losses.
The Euro continued to weaken further versus the US Dollar on Wednesday.
The New Zealand currency suffered rather heavy losses against the US Dollar, amid a poor reading of the New Zealand Employment Change.