In today’s TradeGATEHub Live Trading session, Coach Dale analyzes the potential impact of the Non-Farm Payroll (NFP) report on the EURUSD, suggesting a possible pullback towards the $1.10 mark. He extends his analysis across the foreign exchange arena, providing insights on various currency pairs post-NFP. Additionally, Dale updates his views on market risk and discusses what today’s NFP figures could mean for future Federal Reserve actions. This session is essential for traders looking to understand the broader implications of economic data on currency markets and monetary policy.

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EUR/USD trades near 1.1100 in the American session on Friday. Although the risk-averse market atmosphere caps the pair's upside, dovish comments from Fed officials and the disappointing US jobs report help it hold its ground.

EUR/USD News
GBP/USD retreats to 1.3150 area after post-NFP spike

GBP/USD retreats to 1.3150 area after post-NFP spike

GBP/USD turns south and declines to 1.3150 area after spiking to 1.3240 in the early American session. The negative shift seen in risk mood following the US labor market data for August helps the US Dollar stay resilient against its peers and weighs on the pair.

GBP/USD News
Gold pulls away from near record highs, holds above $2,500

Gold pulls away from near record highs, holds above $2,500

Gold came within a touching distance of a new all-time high near $2,530 as US Treasury bond yields turned south on disappointing US jobs data. The US Dollar's resilience amid a souring risk mood, however, caused XAU/USD to erase its daily gains.

Gold News
Crypto today: Bitcoin, Ethereum, XRP tests key support, TRON network non-stablecoin activity hits new highs

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Bitcoin, Ethereum, and XRP hover around key support levels after registering a steep correction earlier this week. TRON network’s stablecoin activity hit new highs following the release of SunPump.

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Nonfarm Payrolls expected to show modest hiring rebound in August after July’s tepid report

Nonfarm Payrolls expected to show modest hiring rebound in August after July’s tepid report

The Nonfarm Payrolls report is forecast to show that the US economy added 160,000 jobs in August, after creating 114,000 in July. The Unemployment Rate is likely to dip to 4.2% in the same period from July’s 4.3% reading. 

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