Dale J Pinkert
Independent Analyst
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Editors’ Picks
EUR/USD holds losses below 1.0600 ahead of US NFP release
EUR/USD stays defensive below 1.0600 in the European session on Friday. The US Dollar holds ground due to profit-taking and a softer risk tone. Traders refrain from placing fresh bets on the pair ahead of the critical US Nonfarm Payrolls data release.
Gold stays below $2,640 ahead of US NFP report
Gold price struggles to capitalize on its goodish intraday bounce from a one-and-half-week low touched earlier this Friday, though it manages to hold above $2,630. Investors refrain from taking large positions ahead of the November jobs report from the US.
US Nonfarm Payrolls set to show hiring bounced back in November after October’s blip
Economists expect the Employment Report to show that the US economy created 200,000 jobs in November, following a meagre gain of 12K in October due to distortions caused by two hurricanes and the strike at Boeing.
Bitcoin experiences volatility post $100K milestone
Bitcoin rebounds to $97,000 on Friday after a volatile drop to $90,500, following its $100K milestone the day before. Ethereum maintains bullish momentum above key support levels, signaling a potential rally toward $4,000. In contrast, Ripple exhibits bearish tendencies, hinting at further declines.
GBP/USD eases from multi-week high, trades with negative bias below mid-1.2700s
GBP/USD struggles to capitalize on its gains registered over the past three days. BoE Governor predicted four rate cuts in 2025 and weigh on the British Pound. Subdued USD price action could support the pair ahead of the US NFP report.
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