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EUR/USD corrects sharply toward 1.0950 ahead of US NFP, Powell
EUR/USD is extending its correction toward 1.0950 in the European session on Friday. The US Dollar has come up for air after the trade war and recession fears-led sell-off, weighing on the pair. Traders look to the US NFP report and Fed Chair Powell's speech for fresh directives.
GBP/USD remains heavy near 1.3000, US NFP data awaited
GBP/USD is battling 1.3000, under heavy selling pressure in European trading on Friday. Traders resort to profit-taking on their US Dollar short positiions, re-adjusting ahead of the critical US Nonfarm Payrolls data and Fed Chair Powell speech.
UPCOMING CALENDAR EVENTS
|
GMT
|
Event
|
Vol.
|
Actual
|
Consensus
|
Previous
|
|---|---|---|---|---|---|
| Friday, Apr 04 | |||||
| 08:00 |
|
-1.5%
|
|
0.9%
|
|
| 08:00 |
|
0.1%
|
0.2%
|
-0.4%
|
|
| 08:00 |
|
|
|
|
|
| 08:30 |
|
|
46.7
|
44.6
|
|
| 09:00 |
|
|
|
2.3%
|
|
| 12:30 |
|
|
|
62.4%
|
|
| 12:30 |
|
|
0.3%
|
0.3%
|
|
| 12:30 |
|
|
34.2
|
34.1
|
|
| 12:30 |
|
|
|
8%
|
|
| 12:30 |
|
|
4.1%
|
4.1%
|
|
| 12:30 |
|
|
3.9%
|
4.0%
|
|
| 12:30 |
USD
Nonfarm Payrolls
|
|
|
135K
|
151K
|
| 12:30 |
|
|
6.7%
|
6.6%
|
|
| 12:30 |
|
|
|
4%
|
|
| 12:30 |
|
|
12.0K
|
1.1K
|
|
Editors’ Picks
Gold price sticks to negative bias around $3,100; bears seem non-committed 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 also contribute to limiting losses for the XAU/USD pair.
Nonfarm Payrolls forecast: US jobs growth set to slow in March amid growing worries over US tariffs
Nonfarm Payrolls are forecast to rise by 135K in March, following a 151K gain reported in February. The United States Bureau of Labor Statistics will release the jobs data on Friday at 12:30 GMT. US labor data could impact the Fed’s interest rate path, potentially affecting the US Dollar's price action.
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.