The Euro/USD pair experienced a small decline, while the USD/JPY pair saw a significant increase. Gold traded sideways, and Apple stock rose slightly. The dollar reached a 3-week high against the Euro following the ADP National Employment Report. Markets remain cautious amid geopolitical tensions in the Middle East. Dollar gains as ADP jobs report beats estimates – Yen falls on prime minister Ishiba’s dovish remarks – Pound collapses after BoE’s Bailey warns about faster cuts – Wall Street virtually unchanged, gold retreats, oil extends gains. The NZD/USD pair continues its downward trend, dropping to 0.6240 in its third consecutive session of declines. This ongoing sell-off in the New Zealand dollar is driven by market expectations of an upcoming interest rate cut by the Reserve Bank of New Zealand (RBNZ).
Economic Calendar (GMT+1)
EURUSD Analysis
Chart Analysis
GBPUSD Analysis
Chart Analysis
GBPJPY Analysis
Chart Analysis
XAUUSD Analysis
Chart Analysis
WTI Analysis
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Conclusion
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