USD Up Adead of the Non-farm Employment Data.

Economic News

USD

Nonfarm Employment Change on Tap.

EUR

Volatile Trading Leads to Major Sell-off for the EUR.

JPY

Bearish JPY Expected.

Crude Oil

Weakening U.S. Economy lowers the U.S. Demand for Fuel.

Technical News

EUR/USD

After dipping sharply for the last couple of days, this pair manages to recover slightly yesterday. This cross will once again target the 1.5600 as all indications are still bearish today. If this level is breached we may see another sharper move upwards

GBP/USD

The RSI and Momentum on the daily chart are negatively sloped indicating that this pair still has steam left in its bearish movement. However the 4 hour chart is slightly bullish, so the preferred short term strategy today will be to buy on a dip as the daily movement should still be bearish

USD/JPY

There is a very distinct bearish channel forming on the daily chart, as the pair now floats at the middle of it. All oscillators are showing bearish momentum, and the 4 hour chart's Bollinger Bands are getting tighter which indicate an additional upcoming downwards move. The next target price of 107.00 appears to be valid

USD/CHF

The pair has breached through the Fibonacci key level of 1.0310, and all oscillators on the 4 hours chart are indicating further bullish movement. The hourlies Bollinger Bands are showing that the price has crossed its upper border, signaling that the current trend should continue, as the pair's new target price might be 1.0550

Source: FOREXYARD