EUR/USD remains depressed near 1.0900 ahead of US NFP
EUR/USD is attempting to build a cushion near 1.0900 in the early European morning. The market mood remains cautious, as investors assess the dovish Fed and ECB policy announcements, repositioning ahead of the key US NFP data.
Eyes on US January jobs report following dovish Fed event
Nonfarm Payrolls in the US are expected to rise by 185,000 in January following December's better-than-expected increase of 223,000. Our experts will analyze the market reaction from 13:00 GMT. Join us here!
GBP/USD defends 1.2200 amid cautious mood, US NFP eyed
GBP/USD is struggling for a clear direction while defending the 1.2200 mark early Friday. The dovish BoE policy outlook combined with a broad US Dollar rebound is weighing on the pair. Focus shifts to the US NFP data for fresh trading impetus.
Will Gold defend 21DMA support on US Nonfarm Payrolls?
Gold price is holding steady above the $1,900 mark, as sellers take a breather after a sharp pullback from ten-month highs of $1,960. A sense of calm prevails in Fridya’s tradiung so far, as investors stay on the sidelines and assess the latest central banks’ policy decisions and its market impact going forward.
Uniswap price could crash 30% as UNI forms a bearish swing failure pattern
Uniswap price shows a steady uptrend with higher highs and higher lows. While this outlook alone might instill confidence in a layman investor, a closer look reveals weakness.
US January Nonfarm Payrolls Preview: Analyzing Gold price's reaction to NFP surprises Premium
How impactful has the US jobs report been on gold’s valuation? In this article, we present results from a study in which we analyzed the XAUUSD pair's reaction to the previous 30 NFP prints.
DEEPER DIVE
Rates outlook 2023: Belt up, we’re going down
Bond market returns for 2022 have been horrific, right along the credit curve. For 2023, returns will be helped by a higher starting running yield, and subsequent falls in market rates.
USD rates: Get ready for big falls in rates
The year ahead will mostly feature falling market rates, as the Fed peaks out and the market anticipates future rate cuts. The curve should dis-invert through the year, and ultimately will steepen out from the front end.
XAU/USD pair fades against other Gold pairs
Who doesn’t love trading gold? It’s so far one of the most popular assets in the world, also, one of the most valued, with over $12 trillion capitalization. But what happens when you take XAUUSD and put away the USD part?
FXS Signals
Technical Confluences Detector
Gold could see a bumpy road to recovery toward $1,930
Gold price (XAU/USD) is defending a minor bid, staying calm after two back-to-back days of intense volatility, steered by the major central banks’ policy decisions.
Key levels to watch
The Gold price is defending strong support aligned at $1,910, where the previous day’s low and the previous week’s low coincide.
A sustained move below the latter will fuel a sharp drop toward the $1,901 level, which is the convergence of the Fibonacci 38.2% one-month and the Bollinger Band four-hour Lower.
Should the downside extend Gold sellers will threaten the pivot point one-day S1 at $1,896.
Alternatively, the immediate resistance is seen at the Fibonacci 23.6% one-month at $1,920, above which the Fibonacci 23.6% one-day at $1,923 will be tested.
CRYPTOCURRENCIES
Cardano Price Prediction: The market bottom no one wants to call
Cardano price continues to make gains in the crypto market, as the smart contract has risen 70% since January 1, reaching a new uptrend high at $0.4138. Despite the skeptical market sentiment for risk assets, Cardano’s Price action remains unfazed.
Algorand Price Prediction: Bulls aiming for a 25% spike
Algorand price is showing an applaudable amount of strength to start the month of February. The scalable blockchain token could rally an additional 25% if market conditions are met.
Crypto.com Price Prediction: CRO at a crossroads
Crypto.com price has been trading within a 10% range for nearly two weeks. The $0.08 barrier has consistently acted as resistance, and the mid-$0.07 has acted as support. The coiling range has yet to make a decision on which way it will resolve.
Terra Classic Price Analysis: Ray Dalio’s outright negativity on crypto existence is bad PR for LUNC
Terra Classic (LUNC) could only book roughly a 1.4% gain on the back of the Federal Reserve meeting from late Wednesday, which triggered upswings in all risk asset classes. The biggest winner of the evening was EUR/USD, as it traded over 1% higher and broke 1.10 to the upside.
THE STOCK OF THE DAY
Apple Stock Earnings: iPhone slump sparks crash in AAPL price
Apple (AAPL) stock erased most of its Thursday gains afterhours as a plunge in iPhone sales led the company to miss Wall Street consensus for earnings and revenue in the fiscal first quarter that ended in December. Apple reported adjusted earnings per share (EPS) of $1.88, 7 cents short of consensus, and revenue of $117.15 billion – $4.5 billion below the average forecast. The iPhone, Wearables and Mac product segments were largely to blame, while iPads picked up some of the slack.
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Customize your ratesWEEKLY FORECAST
EUR/USD: A test of 1.1000 remains on the cards in key central bank week Premium
Despite having touched its highest level since April above 1.0900 at the beginning of the week, EUR/USD has struggled to gather further bullish momentum. The Federal Reserve (Fed) and the European Central Bank's (ECB) policy meetings next week could trigger the next directional move in the pair.
GBP/USD: Eyes big technical breakout with both central banks scheduled to meet Premium
GBP/USD ended the week almost unchanged, despite the persistent weakness in the United States Dollar (USD). Renewed Brexit concerns capped the Pound Sterling bulls at a critical daily resistance. The United States and the United Kingdom's central banks' policy announcements will hold the key in the week ahead.
Gold: Bulls to remain in control as long as $1,900 stays intact Premium
Gold price registered gains in the first three days of the week and touched its highest level since mid-April, near $1,950. With US Treasury bond yields staging a rebound in the second half of the week, however, XAU/USD lost its traction and erased its gains to close the week virtually unchanged.
Bitcoin: If bulls are back, this is where you can accumulate BTC next
Bitcoin price shows a lack of momentum after an explosive move in the last three weeks. The fourth week has been relatively silent, without a lot of volatile moves. While BTC consolidates, other altcoins are rallying left and right, providing massive gains.
FX next week: Interest rates and trade levels
Markets are complete opposites and divided as EUR/USD and DXY. On the EUR side is located Stock indices, all metals to include Gold, Silver and Copper as the big 3 then Commodities. DXY trades opposite but trades along side the bond price. The categories break down further to yields, bonds and interest rates.
Week Ahead: Will the Bank of Japan roll out another surprise? [Video]
![Week Ahead: Will the Bank of Japan roll out another surprise? [Video]](https://editorial.fxstreet.com/images/Macroeconomics/CentralBanks/BOJ/Bank_of_Japan_2010_XtraSmall.jpg)
A volatile week awaits, featuring the first BOJ decision of the year. It’s a close call whether policymakers will adjust their yield strategy again, although even if they don’t, it’s probably only a matter of time. Also a deluge of data releases from the major economies.
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