The price of oil may continue to give back the advance from the monthly low ($85.73) as it appears to be reversing course after testing the 50-Day SMA ($96.34).
The Australian Dollar is moving lower against the US Dollar after US stocks fell for a fourth session. China's Caixin PMI data is in focus after Australian PMI data declined…
Data prints coming out of the US may keep USD/JPY afloat as the Non-Farm Payrolls (NFP) report is expected to show a further improvement in the labor market.
Although the euro's fundamentals remain weak, the common currency could extend its recovery if natural gas prices continue to correct lower, and traders start pricing more aggressive ECB tightening.
Sterling is poised for a third weekly sell-off with a monthly decline of nearly 5% approaching the 2020 lows. Levels that matter on the GBP/USD weekly technical chart.
The future of finance is in women traders. Here are Daily FX’s top 3 tips for female traders who are interested in getting started or growing their investments. For more…