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Forex Today: US NFP data and Middle East crisis to keep volatility high
Here is what you need to know on Friday, March 6: Market participants gear up for the release of the US February employment report on Friday, which will feature Nonfarm Payrolls (NFP), Unemployment Rate and wage inflation figures, while navigating through the headlines surrounding the Middle East crFxstreet
Fri, Mar 6
USD/JPY Price Forecast: Hovers around 157.50 as bullish bias prevails
USD/JPY extends its gains for the second successive session, trading around 157.60 during the European hours on Friday. On the daily chart, technical analysis indicates a persistent bullish bias as the pair remains within the ascending channel pattern.
Fxstreet
Fri, Mar 6
EUR/USD trades sideways around 1.1600 as US NFP takes centre stage
The EUR/USD pair trades in a tight range around 1.1600 during the European trading session on Friday. The major currency pair consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT.Fxstreet
Fri, Mar 6
AUD/JPY gains ground to near 111.00 as BoJ signals prolonged rate hold
The AUD/JPY cross attracts some buyers to around 110.90 during the early European session on Friday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) amid uncertainty surrounding the Bank of Japan's (BoJ) interest rate path.
Fxstreet
Fri, Mar 6
USD/CAD Price Forecast: Wobbles near 1.3660 ahead of US NFP data
The USD/CAD pair trades in a tight range around 1.3660 during the European trading session on Friday. The Loonie pair consolidates as the US Dollar wobbles ahead of the United States (US) Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT.
Fxstreet
Fri, Mar 6
EUR/JPY Price Forecast: Gains momentum to near 183.00 as uptrend persists above 100-day EMA
The EUR/JPY cross trades in positive territory around 182.95 during the early European session on Friday. Uncertainty surrounding the Bank of Japan (BoJ) interest rate path could weigh on the Japanese Yen (JPY) against the Euro (EUR).
Fxstreet
Fri, Mar 6
Pound Sterling ticks up against US Dollar in countdown to US NFP
The Pound Sterling trades marginally higher to near 1.3365 against the US Dollar (USD) during the Asian trading session on Friday. The GBP/USD pair edges up as the US Dollar ticks down ahead of the United States (US) Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT.
Fxstreet
Fri, Mar 6
AUD/USD jumps to near 0.7040 ahead of US NFP data
The AUD/USD pair trades 0.4% higher to near 0.7040 during the Asian trading session on Friday. The Aussie pair demonstrates strength as the Australian Dollar (AUD) outperforms across the board on expectations that the Reserve Bank of Australia (RBA) could deliver another interest rate hike soon.Fxstreet
Fri, Mar 6
New Zealand Dollar gathers strength above 0.5900 ahead of US jobs data
The NZD/USD pair gathers strength to near 0.5910 during the Asian trading hours on Friday. The potential upside might be limited amid the ongoing conflict in the Middle East. The US employment report for February will be the highlight later on Friday.
Fxstreet
Fri, Mar 6
EUR/USD Price Forecast: Eyes nine-day EMA barrier after rebounding from 1.1600
EUR/USD gains ground after registering modest losses in the previous session, trading around 1.1620 during the Asian hours on Friday. The technical analysis of the daily chart suggests an ongoing bearish bias as the pair remains within the descending channel pattern.Fxstreet
Fri, Mar 6
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