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EUR/USD holds lower ground below 1.0300 as traders await US NFP
EUR/USD holds lower ground below 1.0300 in European trading hours on Friday. Concerns over US President-elect Trump's policies and hawkish Fed expectations favor the US Dollar ahead of the critical US Nonfarm Payrolls data release.
GBP/USD falls back below 1.2300, US NFP eyed
GBP/USD is falling back below 1.2300 in the European morning on Friday, failing to sustain the rebound. The pair remains vulnerable amid persistent US Dollat strength and the UK bond market turmoil. The focus now shifts to the US labor market data for fresh trading directives.
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Editors’ Picks
Gold price sticks to intraday gains near multi-week top; US NFP in focus
Gold price attracts buyers for the fourth straight day on Friday amid some haven flows. The Fed’s hawkish stance, elevated US bond yields and a bullish USD should cap gains. Traders might also opt to wait for the release of the key US NFP report later this Friday.
Nonfarm Payrolls forecast: US December job gains set to decline sharply from November
US Nonfarm Payrolls are expected to rise by 160K in December after jumping by 227K in November. US jobs data is set to rock the US Dollar after hawkish Fed Minutes published on Wednesday.
XRP funding rates flashes negative, eyes $2.17 following 4% decline
Ripple's XRP declined 4% on Friday following a decline in its funding rates. The remittance-based token could decline to test the $2.17 support level if the crypto market decline extends.