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EUR/USD holds firm near 1.1100 ahead of US NFP, Powell
EUR/USD is holding ground near 1.1100 in the early European morning on Friday. Recession fears due to a global trade war lft Fed rate cut expectations, exacerbating the US Dollar's pain while keeping the pair afloat. Traders look to the US NFP report and Fed Chair Powell's speech for fresh directives.
GBP/USD retakes 1.3100 as US NFP data looms
GBP/USD is defending minor bids above 1.3100 in early Europe on Friday. Persistent US Dollar weakness on recession fears and dovish Fed expectations underpin the pair as traders look forward to the US payrolls data and Fed Chair Powell speech for placing fresh bets.
UPCOMING CALENDAR EVENTS
|
GMT
|
Event
|
Vol.
|
Actual
|
Consensus
|
Previous
|
|---|---|---|---|---|---|
| Friday, Apr 04 | |||||
| 06:00 |
|
-0.2%
|
|
0.1%
Revised from -2.6%
|
|
| 06:45 |
|
0.7%
|
0.3%
|
-0.5%
Revised from -0.6%
|
|
| 07:00 |
|
-1.9%
|
|
-1.2%
Revised from -1.0%
|
|
| 08:00 |
|
|
|
0.9%
|
|
| 08:00 |
|
|
0.2%
|
-0.4%
|
|
| 08:00 |
|
|
|
2.3%
|
|
| 08:00 |
|
|
|
|
|
| 08:30 |
|
|
46.7
|
44.6
|
|
| 12:30 |
USD
Nonfarm Payrolls
|
|
|
135K
|
151K
|
| 12:30 |
|
|
34.2
|
34.1
|
|
| 12:30 |
|
|
0.3%
|
0.3%
|
|
| 12:30 |
|
|
|
62.4%
|
|
| 12:30 |
|
|
|
8%
|
|
| 12:30 |
|
|
4.1%
|
4.1%
|
|
| 12:30 |
|
|
3.9%
|
4.0%
|
|
Editors’ Picks
Gold price hovers near $3,100; bullish bias remains ahead of US NFP report
Gold price meets with a fresh supply on Friday, though the downside potential seems limited. Trump’s tariffs-inspired risk-off mood might continue to act as a tailwind for the precious metal. Fed rate cut bets weigh on the USD and should contribute to limiting losses for the XAU/USD pair.
XRP finds new lifeline as Coinbase Derivatives eyes XRP futures on April 21
Ripple price reclaims the $2.00 support level and trades at $2.06 at the time of writing on Friday in the wake of a drawdown to $1.96 during Thursday’s session. Traders continue to exercise caution after Trump’s tariffs hit 100 countries, as per a CryptoQuant report.
How will BNB price react as Binance and Kraken delist USDT for EU countries?
On Monday, Binance officially discontinued spot trading pairs involving Tether’s USDT in the European Economic Area to align with the European Union’s Markets in Crypto-Assets Regulation.