GBP/USD analysis: Finds support in 1.3660

Following a short-lasting correction in the early European session, EUR/USD regains its traction and clings to moderate gains at around 1.1750 on Monday. Nevertheless, the pair's volatility remains low, with investors awaiting this weeks key data releases from the US and the ECB policy announcements.

The UK Office for National Statistics will publish its labor market report at 07.00 GMT. GBP/USD trades in negative territory on the day in the lead up to the UK labor market data. The pair loses ground as traders turn cautious ahead of the key US economic data, including Nonfarm Payrolls, Retail Sales, and Purchasing Managers Index, which will be released later on Tuesday.

Gold attracts some sellers during the Asian session on Tuesday and extends the overnight pullback from the $4,350 region, or the vicinity of the highest level since October 21, touched last week. The intraday downtick comes amid optimism over the Russia-Ukraine peace deal, which is seen undermining demand for the traditional safe-haven commodity. 

Sui remains under intense bearish pressure, extending losses by 1% at press time on Tuesday for the third straight day.

The long wait is over, and the Bureau of Labor Statistics in the US will release nonfarm payrolls reports for both November and October at 1330 GMT on Tuesday. The overall NFP figure for October is expected to be -10k, however, it is expected to be influenced by a massive 130k drop in federal department workers. 

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.