Potential for the further drop toward lower Pitchfork trendline..
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EUR/USD holds around 1.0300, with USD still dominating the scene
EUR/USD trades within familiar levels at around the 1.0300 mark, although the US Dollar pushes marginally higher in a quiet, holiday-inspired American session. Focus shifts to US Nonfarm Payrolls on Friday.
GBP/USD rebounds from multi-month lows, trades around 1.2300
GBP/USD trimmed part of its early losses and trades around 1.2300 after setting a 14-month-low below 1.2250. The pair recovers as the UK gilt yields correct lower after surging to multi-year highs on a two-day gilt selloff. Markets keep an eye on comments from central bank officials.
Gold hovers around $2.670, aims higher
Gold extended its weekly recovery and traded at its highest level since mid-December, above $2,670. The bright metal retreated modestly in a quiet American session, with US markets closed amid a National Day of Mourning.
Bitcoin falls below $94,000 as over $568 million outflows from ETFs
Bitcoin continues to edge down, trading below the $94,000 level on Thursday after falling more than 5% this week. Bitcoin US spot Exchange Traded Funds recorded an outflow of over $568 million on Wednesday, showing signs of decreasing demand.
How to trade NFP, one of the most volatile events Premium
NFP is the acronym for Nonfarm Payrolls, arguably the most important economic data release in the world. The indicator, which provides a comprehensive snapshot of the health of the US labor market, is typically published on the first Friday of each month.
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