Today's focus is set on US markets on the jobs report, where expectations show that the nation will shed more employees in the private and public sectors. The lack of jobs is not helping the US economy in anyway, especially since they need spending to stimulate growth and with the lack of money with consumers are not receiving help, where more investors lose confidence in the USD. As markets await the data markets are calm, while the Dollar Index, which usually measures strength of the dollar against six major currencies, is currently traded at 80.52 while recording a high of 80.62 and a low of 80.44.
The euro dollar pair it witnessing calm trading taking place in markets ahead of the U.S. data, where the volume indicator shows us that the on the one-hour chart there is low volume in markets. The pair is currently traded at 1.3587 below the resistance of 1.3655 and above the support of 1.3525, while recording a high of 1.3606 and a low of 1.3567. Momentum indicators on the one-hour charts are showing us that the pair is consolidating.
The pound like the euro is hardly being traded in markets against the federal currency since there is low volume, while the momentum indicators on the one-hour charts are showing us that the pair is being traded in an oversold area. The GBP/USD is currently traded at 1.5030 while recording a high of 1.5064 and a low of 1.5004. The technical charts provide us with a support at 1.5005 and a resistance at 1.5065.
The yen tumbled in markets after the Bank of Japan said it will continue with its stimulus measures to hold off deflation, therefore this disappointed investors causing them to sell the yen versus the dollar. The USD/JPY is currently traded at 89.32 between the support of 88.60 and the resistance of 89.70, while recording a high of 89.43 and a low of 89.10.