|WEEK AHEAD: The EUR/USD has relaxed from a fresh year high set at 1.1437 after an encouraging US Nonfarm Payroll report that showed the addition of 215,000 new jobs in March.The Brussels bombings has put an impact on the pound as well as the euro. The outcome is rising chances of a Brexit.
US Non-Form Payrolls expects 208,000 jobs in March 2016 in comparison with February 242,000. This may higher the level of uncertainty. Canadian economy's weakness in 2015 continues to weigh in 2016 as crude oil prices declined below $30 a barrel. This may weakens Canadian Dollar.
|EUR/USD is likely to stay in ranges during the next 1 to 3 months as is not yet the time to move toward their 12-month target at 1.1800
However it looks like going to drive down to the 1.1050
|Down||The USD/JPY pair high during the gone week. This shows signs of strength. The market looks as if it is going to try to reach towards the 115 leve||Uncertain|
This Friday Gold fell for a fourth consecutive session.This head for the biggest weekly drop since December 2011, as global concerns damped demand on shares and commodities. The gold was affected by the aforesaid factors which pushed it down tremendously on Thursday's session.