Will USD demand cool ahead of tomorrow's event risk? [Video]

LMAX Group Research Desk LMAX Group

The fact that the latest CFTC data revealed a sixth weekly build in long Euro positions wasn’t going to do anything to help the single currency’s cause, with the market using this as more fuel to justify aggressively selling the Euro on the back of the much stronger US jobs report and political uncertainty from the European election results.

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LMAX Group Research Desk

LMAX Group

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EUR/USD recovers above 1.1600 as focus shifts to US NFP

EUR/USD recovers ground above 1.1600 in Friday's European trading. The pair's uptick is sponsored by a profit-taking pullback in the US Dollar, as traders reposition ahead of the critical US Nonfarm Payrolls data. Meanwhile, the Middle East conflict and higher oil prices could keep the recovery in check.

GBP/USD rebounds toward 1.3400 in countdown to US NFP

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The market compass is pointing at a barrel of Oil

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Bitcoin, Ethereum, and Ripple trade cautiously at press time on Friday, close to key support levels after a roughly 2% pullback the previous day. Bitcoin holds above $71,000, Ethereum at $2,000, and XRP continues to consolidate in a sideways range.