How Non-Farm Payroll impacts the Fx Market?

The most-anticipated economic news reports in the Forex market are the Non-Farm Payrolls report. It is normally released once on the first Friday of every month and is an in-depth look at employment trends in the U.S. by U.S. Bureau of Labor Statistics. Understanding this data release can help to set up forex trades and [...]

Yen seems supressed by Covid

Global markets are worried about the political woes in Tokyo as viral concerns resurfaced in early September and tapping chats are increased among this. Now the market’s wait for key US data and the hope that major central banks will have more time before easing monetary policies. Elsewhere, Japanese Prime Minister Yoshide Suga told reporters [...]

Expectation of CPI reading favors Euro

Euro pair is showing a bullish trend ahead on European session. The Currency pair is showing uptrend due to the losses in greenback and strong preliminary reading of Eurozone Consumer Price Index. Comments from the European Central Bank (ECB) policymakers, suggesting an extension of easy money policies, offer an extra boost to the EUR/USD upside. [...]