EUR/USD
The EUR/USD pair trades flat near 1.0500 during the late American session on Thursday. However, Trump’s tariff threats might weigh on the Euro (EUR) against the Greenback. Later on Friday, the advanced HCOB Manufacturing and Services PMIs in Germany and the euro bloc will be released.
GBP/USD
GBP/USD edged lower after hitting a two-month high of 1.2674 on Friday, trading around 1.2670 at the time of writing during the Asian session. However, the pair gained ground as the US Dollar (USD) struggled amid weak jobless claims data and mixed signals from the Federal Reserve (Fed).
USD/JPY
USD/JPY is stalling the rebound below 150.50 in the Asian session on Friday. Japan’s core CPI rose to a 19-month high in January, reaffirming bets that the BoJ will continue to raise interest rates, underpin the Japanese Yen alongside BoJ Ueda’s hawkish comments.
AUD/USD
AUD/USD is trading close to 0.6400 early Friday, hanging near two-month highs. Broad US Dollar rebound offsets RBA Governor Bullock’s cautious stance on further easing, limiting the pair’s upside ahead of US PMI data.
NZD/USD
The NZD/USD pair extends the rally to around 0.5765 during the early Asian session on Friday, pressured by the softer US dollar (USD). Traders will keep an eye on the preliminary reading of the US S&P Global Purchasing Managers Index (PMI) for February, which is due later on Friday.
USD/CAD
USD/CAD moves little after registering losses in the previous session, trading around 1.4170 during the Asian hours on Friday. The pair lost ground as the US Dollar (USD) struggled amid weak jobless claims data and mixed signals from the Federal Reserve (Fed). Traders will keep an eye on the preliminary reading of the US S&P Global Purchasing Managers Index (PMI) for February, which is due later on Friday.
USD/CHF
The USD/CHF pair meets with some supply during the Asian session on Friday and for now, seems to have snapped a three-day winning streak to the weekly top, around the 0.9055 area touched the previous day. Spot prices currently trade near the lower end of the daily range, around the 0.9025 region, and seem vulnerable to sliding further.
CRUDE OIL
Oil prices extended gains on Friday, headed for a weekly increase, as falling inventories of U.S. gasoline and distillate raised expectations of solid demand while concerns over supply disruptions in Russia lent support.
Gold price is on a corrective move lower from near record highs of $2,955 set on Thursday. Despite the pullback, Gold price remains on track to book the eighth consecutive weekly gain.
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