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EUR/USD is subdued in Friday

EUR/USD is subdued in Friday trade. Currently, the pair is trading at 1.1230, up 0.09% on the day. In economic news, German industrial orders climbed 0.7%, edging above the forecast of 0.6%. In the U.S., the focus will be on employment numbers. Nonfarm payrolls is expected in at 172 thousand in March, after a dismal gain of 20 thousand in the previous release. Still, this estimate is significantly lower than the December and January releases, both of which were above the 300-thousand level. Wage growth is projected to gain 0.3%, lower than the 0.4% gain a month ago.
EUR/USD was flat in the Asian session and remains steady in European trade
•1.1212 remains a weak support level
•1.1300 is the next resistance line
•Current range: 1.1212 to 1.1300

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GBPUSD Daily Chart,4/5

I’m not sure what the public fear more, an potentially indefinite backstop or indefinite negotiations. Theresa May requested another short extension from the EU on Friday to get a Brexit agreement through Parliament, as she continued to engage in talks with the opposition Labour Party.
It seems there are differences though between what May deems to be an acceptable extension and what Tusk believes it to be, which is much longer, albeit flexible. This will likely be discussed at the emergency EU summit next Wednesday, with the default remaining that the UK leaves without a deal on 12th April, one week from today.

 

USD/JPY,4/4

USD/JPY is showing little movement on Thursday. In the North American session, the pair is trading at 111.58, up 0.08% on the day. On the release front, U.S. unemployment claims impressed, dropping to 202 thousand. This was below the forecast of 215 thousand. Later in the day, Japan releases household spending, which is expected to tick lower to 1.9%. On Friday, the focus will be on U.S. employment data, with the release of nonfarm payrolls and wage growth. It’s been a disappointing week for U.S. numbers, and the trend continued on Wednesday. ADP nonfarm payrolls plunged to 129 thousand, down from 183 thousand in the previous release. Is this a precursor of what to expect on Friday? Nonfarm payrolls are projected at 175 thousand, a soft number in comparison to recent releases. ISM Non-Manufacturing PMI also stumbled on Wednesday, falling from 59.7 to 56.1 points. USD/JPY showed limited movement in the Asian and European sessions. The pair has posted small gains in North American trade •110.90 is providing support •112.16 is the next resistance line •Current range: 110.90 to 112.16 How To Trade Forex Using Support and Resistance Levels

EUR/USD 4/4

EUR/USD is unchanged in Thursday trade. Currently, the pair is trading at 1.1231, down 0.02% on the day. On the release front, German factory orders plunged 4.2%, nowhere near the estimate of 0.3%. Later in the day, the ECB posts the minutes of its March meeting. In the U.S., today’s highlight is unemployment claims, which is expected to rise to 215 thousand. On Friday, the U.S. releases wage growth and nonfarm payrolls, so traders should be prepared for movement from the pair.

EUR/USD ticked lower in the Asian session but has recovered in European trade
•1.1212 is weak support level
•1.1300 is the next resistance line
•Current range: 1.1212 to 1.1300