Potential for the upside movement due to bullish momentum divergence...
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EUR/USD holds near 1.0300 as traders await US NFP
EUR/USD trades in a tight channel at around 1.0300 in the European session on Friday. However, concerns over US President-elect Trump's policies and hawkish Fed expectations keep the US Dollar afloat ahead of the Nonfarm Payrolls data, capping the pair's upside.
GBP/USD struggles to stay above 1.2300, eyes on US jobs report
GBP/USD finds it difficult to gather recovery momentum after rising above 1.2300 earlier in the day. The pair remains vulnerable amid persistent US Dollar strength and the UK bond market turmoil. The focus now shifts to the US labor market data for fresh directives.
Gold climbs to fresh multi-week high above $2,680 ahead of US NFP
Gold price (XAU/USD) gains some follow-through positive traction for the fourth consecutive day and trades at its highest level in nearly a month above $2,680. Market focus shifts to US labor market data, which will feature Nonfarm Payrolls and wage inflation figures.
Nonfarm Payrolls forecast: US December job gains set to decline sharply from November
US Nonfarm Payrolls are expected to rise by 160K in December after jumping by 227K in November. US jobs data is set to rock the US Dollar after hawkish Fed Minutes published on Wednesday.
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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