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EUR/USD sees more upside as US employment data misses estimates
EUR/USD sees more upside as US employment data misses estimates
EUR/USD trades firmly around the fresh four-month high of 1.0850 in Friday’s North American session after the release of the softer-than-expected United States (US) Nonfarm Payrolls (NFP) data for February.
EURUSD
ECB
Fed
NFP
SEO
USD: The dollar is fragile – ING
USD: The dollar is fragile – ING
This week's events have added to the appeal of FX as an asset class.
DollarIndex
Technical Analysis
Banks
GBP/USD: Outlook for GBP remains positive – UOB Group
GBP/USD: Outlook for GBP remains positive – UOB Group
Strong momentum appears to be slowing; Pound Sterling (GBP) is likely to trade in a 1.2850/1.2925 range vs US Dollar (USD).
GBPUSD
Technical Analysis
Banks
USD/CAD: US postpones the imposition of tariffs on Canada – OCBC
USD/CAD: US postpones the imposition of tariffs on Canada – OCBC
The United States has once again postponed the imposition of tariffs on Canada until April 2nd.
USDCAD
Technical Analysis
Banks
CAD: Eyes on jobs data after tariff relief – ING
CAD: Eyes on jobs data after tariff relief – ING
The Canadian dollar rallied yesterday on the US announcement that USMCA-compliant products would be exempt from tariffs until 3 April, ING's FX analyst Chris Turner notes.
USDCAD
Technical Analysis
Banks
EUR/USD: Uptrend remains intact – UOB Group
EUR/USD: Uptrend remains intact – UOB Group
The current price movements are likely part of a range trading phase, probably between 1.0740 and 1.0840.
EURUSD
Technical Analysis
Banks
UpTrend
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data.
Silver
Commodities
Metals
EUR: Major re-rating is underway – ING
EUR: Major re-rating is underway – ING
ING's macro and market team have looked through this week's European events.
EURUSD
Technical Analysis
Banks
China: Exports slowed more than expected in January-February – UOB Group
China: Exports slowed more than expected in January-February – UOB Group
China’s export growth slowed more than expected while import slumped in the first two months of the year as the first 10% of US tariffs kicked in from 4 February, UOB Group's Economist Ho Woei Chen reports.
China
Growth
Banks
Gold holds ground above $2,900 while traders await February's NFP release
Gold holds ground above $2,900 while traders await February's NFP release
Gold’s price (XAU/USD) holds on to gains and consolidates for the third day in a row this week. The rally in Bullion stalls after US President Donald Trump shielded off all goods from Mexico and Canada that fall under the USMCA trade agreement from its freshly baked tariffs that got implemented earlier this week. Meanwhile, US equity markets trade below where they were on President Trump’s inauguration day.
Gold
Commodities
UnitedStates
SEO
TradeWar
The euro train marches on for now
The euro train marches on for now
Is the 1.1000 mark the next big target?
European stocks marked down at the open today
European stocks marked down at the open today
It's been a back and forth week for regional equities
France January trade balance -€6.5 billion vs -€3.9 billion prior
France January trade balance -€6.5 billion vs -€3.9 billion prior
Latest data released by the French MOF - 7 March 2025
NZD/USD Price Forecast: Could retest 0.5700 support near 50-day EMA
NZD/USD Price Forecast: Could retest 0.5700 support near 50-day EMA
The NZD/USD pair loses ground after registering gains in the previous four successive sessions, trading around 0.5720 during European trading hours on Friday.
NZDUSD
Technical Analysis
Majors
Pound Sterling outperforms US Dollar as US NFP, wage growth miss estimates
Pound Sterling outperforms US Dollar as US NFP, wage growth miss estimates
The Pound Sterling (GBP) refreshes an almost four-month high near 1.2940 against the US Dollar (USD) in the North American trading session on Friday.
GBPUSD
BOE
Fed
NFP
SEO
Forex Today: US Dollar continues to retreat ahead of key employment data
Forex Today: US Dollar continues to retreat ahead of key employment data
Here is what you need to know on Friday, March 7: The US Dollar (USD) Index continues to edge lower on Friday and remains on track to post its largest weekly loss since November 2022.
Majors
Currencies
Macroeconomics
NFP
Commodities
Eurostoxx futures -1.1% in early European trading
Eurostoxx futures -1.1% in early European trading
The heavy declines in Wall Street overnight are weighing
US Dollar Index breaks below 104.00 as Treasury yields fall ahead of Nonfarm Payrolls
US Dollar Index breaks below 104.00 as Treasury yields fall ahead of Nonfarm Payrolls
The US Dollar Index (DXY), which tracks the US Dollar (USD) against six major currencies, continues its losing streak for the fifth consecutive day, pressured by declining US Treasury yields.
DollarIndex
Majors
Macroeconomics
UnitedStates
Fed
EUR/JPY Price Forecast: Remains capped below the 100-day EMA near 159.50
EUR/JPY Price Forecast: Remains capped below the 100-day EMA near 159.50
The EUR/JPY cross loses traction to around 159.40 during the early European session on Friday.
EURJPY
Crosses
Macroeconomics
AUD/JPY Price Forecast: Tests 93.00 level, next support at lower descending channel limit
AUD/JPY Price Forecast: Tests 93.00 level, next support at lower descending channel limit
AUD/JPY extends its losses for the second consecutive day, trading around 93.00 during Asian hours on Friday.
AUDJPY
Technical Analysis
Crosses
A light one on the data docket in Europe today
A light one on the data docket in Europe today
A slow one before we get to the US non-farm payrolls later in the day
economic calendar
The focus turns towards the US jobs report to wrap up the week
The focus turns towards the US jobs report to wrap up the week
The market hangs in the balance after the heavy selling in Wall Street yesterday
market overview
Silver Price Forecast: XAG/USD holds steady above mid-$32.00s, over one-week top
Silver Price Forecast: XAG/USD holds steady above mid-$32.00s, over one-week top
Silver (XAG/USD) oscillates in a narrow band during the Asian session on Friday and currently trades above mid-$32.00s, near its highest level in over a week touched the previous day.
Silver
Commodities
Technical Analysis
XAGUSD
NFP
USD/CHF weakens below 0.8850 as investors await US NFP data
USD/CHF weakens below 0.8850 as investors await US NFP data
The USD/CHF pair extends the decline to around 0.8820 during the early European session on Friday, pressured by the weaker US Dollar (USD).
USDCHF
Majors
Macroeconomics
Breaking: US Nonfarm Payrolls rise by 151,000 in February vs. 160,000 forecast
Breaking: US Nonfarm Payrolls rise by 151,000 in February vs. 160,000 forecast
The United States (US) Bureau of Labor Statistics (BLS) will publish the highly-anticipated Nonfarm Payrolls (NFP) data for February on Friday at 13:30 GMT.
NFP
EconomicIndicator
Employment
UnitedStates
Breaking
EUR/USD maintains position above 1.0800 near four-month highs
EUR/USD maintains position above 1.0800 near four-month highs
EUR/USD edges higher after registering losses in the previous session, trading around 1.0810 during the Asian hours on Friday.
EURUSD
Majors
Macroeconomics
Eurozone
ForexLive Asia-Pacific FX news wrap: Yen firmed a little
ForexLive Asia-Pacific FX news wrap: Yen firmed a little
Forex news for Asian trading on Friday, March 7, 2025
Session wrap
Wrap Asia
USD/CAD moves away from one-week low, retakes 1.4300 ahead of US/Canadian jobs reports
USD/CAD moves away from one-week low, retakes 1.4300 ahead of US/Canadian jobs reports
USD/CAD attracts some buyers and snaps a three-day losing streak to over a one-week trough.
USDCAD
Fed
TradeWar
NFP
Currencies
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
China’s Foreign Minister says abuse of fentanyl is an issue that the US has to solve
China’s Foreign Minister says abuse of fentanyl is an issue that the US has to solve
Chinese Foreign Minister Wang Yi spoke on the sidelines of the National People's Congress (NPC) in Beijing on Friday.
China
TradeWar
UnitedStates
Macroeconomics
Gold price moves back closer to weekly top; looks to US NFP for fresh impetus
Gold price moves back closer to weekly top; looks to US NFP for fresh impetus
Gold price trades with a mild negative bias for the second successive day on Friday, though it lacks follow-through selling and remains confined in a multi-day-old trading range.
Gold
Commodities
EconomicIndicator
NFP
SEO
China’s Trade Balance: Surplus widens in February
China’s Trade Balance: Surplus widens in February
China's Trade Balance for February, in Chinese Yuan (CNY) terms, came in at CNY122 billion, compared to the previous figure of CNY752.19 billion.
China
TradeBalance
Macroeconomics
China inflation data is due this weekend. February data expected to show CPI deflation.
China inflation data is due this weekend. February data expected to show CPI deflation.
China will publish February consumer price and producer price inflation data on Sunday, local time.
CNY
China Stock Market
China
CNH
GBP/USD steadies around 1.2900 as traders adopt caution ahead of US Nonfarm Payrolls
GBP/USD steadies around 1.2900 as traders adopt caution ahead of US Nonfarm Payrolls
GBP/USD holds little gains after registering losses in the previous session, trading around 1.2880 during the Asian hours on Friday.
GBPUSD
Majors
Macroeconomics
UnitedKingdom
BOE
NZD/USD remains below 0.5750 ahead of China’s trade balance
NZD/USD remains below 0.5750 ahead of China’s trade balance
NZD/USD halts its four-day losing streak, trading around 0.5730 during the Asian hours on Friday.
NZDUSD
Macroeconomics
Majors
NewZealand
Chinese Foreign Minister Wang says abuse of fentanyl is an issue that the US has to solve
Chinese Foreign Minister Wang says abuse of fentanyl is an issue that the US has to solve
Speaking on the sidelines of the National People's Congress (NPC) in Beijing