
The US dollar strengthened versus the Chinese yuan as the trade deal between the United States and China met unexpected obstacles.
The US dollar strengthened versus the Chinese yuan as the trade deal between the United States and China met unexpected obstacles.
Trade on the news
GBP/USD formed a lower high just above 1.30 (psychological level, 50-week MA).
What key releases will move the markets this week?
This week NZD/USD tested the lowest levels since October in the area of 0.6525 after the Reserve Bank of New Zealand reduced its interest rate to 1.5%.
The day promises to be quite interesting for USD/CAD. The market awaits the news about the trade talks between the United States and China.
Some fresh analytics for today
Trade ideas for May 7
Although EUR/USD has recently tested levels just above 1.11, buyers didn’t let the euro fall lower.
What will happen to markets this week
In April, USD/CHF broke above the resistance line connecting 2018 and 2019 highs in the 1.0130 area.
EUR/USD spiked towards 1…
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!