OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD: Ready to stumble

A busy day including disease headlines, economic figures, and market mood swings, will likely move the cable, according to FXStreet’s analyst Yohay Elam.

Key quotes

“Investors are zooming in coronavirus figures, which are becoming more worrying in the UK. A flatter coronavirus curve could boost the pound while an ongoing upward trajectory would weigh on sterling.”

“ADP’s private-sector labor market figures for March are projected to show a loss of 150,000 jobs. A depressing statistic from ADP may push stocks lower and the safe-haven dollar higher.”

“The ISM Manufacturing Purchasing Managers’ Index awaits traders later. Economists are expecting a relatively moderate fall to 45 points.”

“Markit’s Final Manufacturing PMI will likely confirm the score of 48 points.”

USD/JPY: Diminishing odds for a move below 106.00

In light of the recent performance, USD/JPY risks further weakness in the near term, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour vie
Read more Previous

Gold spikes to session tops near $1600 mark, stronger USD capping gains

Gold built on its steady intraday bounce from over one-week lows and spiked to fresh session tops, around the $1600 round-figure mark in the last hour
Read more Next
Start livechat