Research & Education

The Swiss franc has been in an uptrend since February 7, following a path of successively higher peaks and troughs. This was propelled by the rallying US dollar, as well as the recent monetary easing implemented by the Swiss National Bank. Traders are expected to closely monitor the currency pair in light of the forthcoming release of significant economic data that could potentially impact currency valuations.

The GBPJPY pair is off to a fresh start this week with a bullish candlestick, signaling the end of a short-term decline of two consecutive bearish sessions. As of now, the exchange rate is hovering slightly above the support level of 191.315 and is showing signs of gaining momentum to reach the resistance level of 193.533.

Despite a more-than-anticipated decrease in crude oil stockpiles, the commodity closed the week at $81.222 per barrel. 

The Australian Dollar experienced a significant surge in value following the release of the February Labour Force report, which surpassed expectations.  The impressive employment data has prompted a positive response from investors, resulting in a rally for the Australian Dollar.  Traders are expected to closely monitor the AUDUSD currency pair in light of the forthcoming release of significant economic data that could impact currency valuations.

The price of Gold concluded the week above the 23.6 percent Fibonacci retracement of the recent rally amid mounting inflationary pressure, the appreciation of the US Dollar, and the potential for an extended period of high interest rates. It is important for traders to closely monitor the price trends of the precious metal especially in light of the forthcoming release of significant economic data that could impact the direction of Gold prices in the market. 
 

The recent upswing of the Pound Sterling appears to have halted, albeit temporarily, following its peak at the exchange rate of 1.28936, which may be attributed to the release of stronger-than-anticipated inflation US data, the strengthening of the US Dollar Index, and the Federal Reserve's hawkish stance. Further analysis and staying informed about economic events and geopolitical developments will be essential in making informed trading decisions in the GBPUSD market.

The latest employment figures in the United States have produced mixed results, leading to uncertainty in the market.  Additionally, speculation surrounding the Bank of Japan's potential exit from its negative interest rate policy has contributed to a downward trend in the USDJPY exchange rate, resulting in four consecutive bearish trading sessions.

Expectations are running high as traders brace for the next NFP release, which is scheduled for later today.  Consensus estimates project a job addition of 198,000 for the month, with the unemployment rate forecast to be 3.7%.  It is crucial for market participants to pay attention not only to the headline figures but also to underlying details, such as wage growth and labor force participation.