The U.S. dollar is climbing versus major currencies in markets for the third consecutive day, while the major highlight today in the U.S. economy is the jobs report, in which expectations show that 15 thousand jobs will be added from the previous 85,000 jobs shed. The Dollar Index, which usually measures the strength of the dollar against six major currencies, is currently traded at 80.34 while recording a high of 80.42 and a low of 79.95.
The euro depreciated in markets heavily,due toinvestors focusing on the widened budget deficits in the European economies, which raise fears that it will undermine growth prospects in the euro zone, sincewhen investors worry about an outlook of certain economy they tend to avoid its currency. The EUR/USD is currently traded at 1.3684 between the support of 1.3645 and the resistance of 1.3800, while recording a high of 1.3745 and a low of 1.3646. The volume indicator on the one-hour charts reveals to us that there is low volume in markets.
The pound like the euro is seen losing ground versus the federal currency, despite the United Kingdom economy releasing upbeat inflation data showing that the yearly producer prices improved surpassing estimates, although since investors are avoiding higher yielding assets; the pound becomes pressured in the markets. The GBP/USD is traded at 1.5697, while recording a high of 1.5774 and a low of 1.5652. For the pair we see a support at 1.5615 and a resistance at 1.5795, while the momentum indicators on the one-hour charts indicate that the pair is being traded in an oversold area.
For the USD/JPY pair we see that they are consolidating at 89.47 between the support of 89.00 and the resistance of 89.85, while recording a high of 89.77 and a low of 89.11. The momentum indicators here support the fact that the pair is being traded in a sideways wave ahead of the U.S. data.