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Gold flatlines ahead of the US Nonfarm Payrolls report; bulls are still in town.
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GBPUSD sinks after BoE signals aggressive rate cuts.
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EURGBP turns swiftly up within a bearish channel.
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EUR/USD stays defensive toward 1.1000, as US NFP data looms
EUR/USD stays defensive toward 1.1000 in the European session on Friday. The pair lacks a clear directional impetus, as traders refrain from placing fresh bets ahead of the key US Nonfarm Payrolls data. The focus remains on ECB-speak as well.
GBP/USD holds recovery above 1.3150 after BoE Pill's comments
GBP/USD holds recovery gains above 1.3150 in European trading on Friday. Prudent remarks from BoE Chief Economist Huw Pill on interest rates offer a fresh lift to the Pound Sterling. Further upside, however, appears elusive as caution prevails ahead of the US Nonfarm Payrolls data.
Gold price sticks to modest gains near weekly top, bulls seem non-committed ahead of US NFP
Gold price (XAU/USD) struggles to capitalize on its modest intraday uptick and remains below the weekly top through the early part of the European session on Friday.
Nonfarm Payrolls set to grow moderately in September as markets mull bets of another big Fed rate cut
Economists expect the Nonfarm Payrolls report to show that the US economy added 140,000 jobs in September, following a job gain of 142,000 reported in August.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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