Resistance on the test and potential for the further downside movement.
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EUR/USD retakes 1.1100 ahead of key US data
EUR/USD has regained upside traction to trade near 1.1100 in the European session on Thursday. The pair capitalizes on the extended US Dollar even as risk sentiment remains sour heading into the key US labor market data.
GBP/USD advances toward 1.3200, US data eyed
GBP/USD extends gains toward 1.3200 in European trading on Thursday, as the US Dollar sees fresh selling. The further upside, however, could be capped as traders stay cautious ahead of the top-tier US jobs data.
Gold recovers back above $2,500 after US job’s data
Gold trades back above $2,500 on Thursday after rebounding from the $2,471 previous day’s lows, following the release of lower-than-expected job openings data in July from the US, which stoked fresh hard-landing fears.
ADP Employment Change Preview: US private sector expected to add 145K new jobs in August
ADP Employment Change is forecast to arrive at 145,000 in August. Labor market conditions could influence the Fed’s policy outlook. The US Dollar stays resilient against its rivals after posting large losses in August.
Jupiter price is poised for a rally after retesting major support area
Jupiter rebounded 4.4% after testing a key support area on Wednesday. Despite a slight 1.4% dip on Thursday, a sustained reversal appears likely if the support zone continues to hold.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.