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EUR/USD erases gains to trade near 1.1050 ahead of US NFP, Powell
EUR/USD has erased gains to trade neutral near 1.1050 in the European session on Friday. The US Dollar breathes a sigh of relief 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 returns to the red near 1.3050 as US NFP data looms
GBP/USD is under heavy selling pressure near 1.3050 in European trading on Friday. Traders resort to profit-taking on their US Dollar short positiions, 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 | |||||
| 06:00 |
|
-0.2%
|
|
0.1%
Revised from -2.6%
|
|
| 06:45 |
|
0.7%
|
0.3%
|
-0.5%
Revised from -0.6%
|
|
| 07:00 |
|
-1.9%
|
|
-1.2%
Revised from -1.0%
|
|
| 08:00 |
|
|
0.2%
|
-0.4%
|
|
| 08:00 |
|
|
|
0.9%
|
|
| 08:00 |
|
|
|
2.3%
|
|
| 08:00 |
|
|
|
|
|
| 08:30 |
|
|
46.7
|
44.6
|
|
| 12:30 |
|
|
3.9%
|
4.0%
|
|
| 12:30 |
|
|
|
8%
|
|
| 12:30 |
|
|
4.1%
|
4.1%
|
|
| 12:30 |
|
|
0.3%
|
0.3%
|
|
| 12:30 |
|
|
|
62.4%
|
|
| 12:30 |
|
|
34.2
|
34.1
|
|
| 12:30 |
USD
Nonfarm Payrolls
|
|
|
135K
|
151K
|
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.
XRP finds new lifeline as Coinbase Derivatives eyes XRP futures on April 21
Ripple price reclaims the $2.00 support level and trades at $2.06 at the time of writing on Friday in the wake of a drawdown to $1.96 during Thursday’s session. Traders continue to exercise caution after Trump’s tariffs hit 100 countries, as per a CryptoQuant report.
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.