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The fate of the lockdown and several critical data points will determine the next moves on the cable, Yohay Elam, an analyst at FXStreet, reports. Key

<p><strong>The US jobs report</strong> met the market’s expectations of a horrific April labor market, though the data were not quite as bad as feared. The -20,500k payroll drop accompanied an uptick in the workweek to 34.2 that allowed a smaller than assumed -14.9% April hours-worked drop.</p> <p><iframe src=

<div> <p>The 8-week rally in Bitcoin breached $10,000 today for the first time since February and is retesting the 10,000-10,500 Resistance area for the third time since September. Other cryptocurrencies saw a similar price action. This has been concomitant with a rally in global equity markets which are pricing-in a reopening of major

<h3>AUDUSD, H1</h3> <p>The Yen has continued to soften against the commodity currencies and, to a lesser extent, most other currencies, although concurrent Dollar weakness has left <strong>USDJPY</strong> on a <strong>steady</strong> footing. This has come amid rallying stock markets, which are pricing-in a

<h3>XAUUSD, H4</h3> <p>Lately, gold price has responded with lower economic numbers, because the recent economic numbers reflect the impact of the outbreak of Covid-19, and gold prices have already responded to the role of safe haven. However, last night, gold prices returned to meet with economic numbers again. The expected numbe