EURUSD: Eyes Channel Support

As our expected corrective weakness was triggered and sent the pair lower on Thursday, further downside risk is now building up towards its channel support at 1.4420.We look for that level to provide a strong support and turn the pair higher in the direction of its long term uptrend. Further

U.S. Dollar Index Eyes 72.00 Ahead Of Non-Farm Payrolls

The USD pared the rebound from earlier this week, with the dollar index slipping to a fresh yearly low of 72.70 on Wednesday, and the greenback may weaken further over the near-term as the slowing recovery in the world’s largest economy dampens speculation for a rate hike by the Federal Reserve.

Forex: Euro Correction To Gather Pace As ECB Delays Exit Strategy, All Eyes On U.S. Non-Farm Payrolls

The Euro sold off during the press conference with European Central Bank President Jean-Claude Trichet, and the near-term correction in the single-currency may gather pace going into the end of the week as the central bank softens its hawkish outlook for monetary policy.

Non-OPEC Supply, OECD Demand are Key as Oil Eyes $100