Dale J Pinkert
Independent Analyst
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EUR/USD advances toward 1.0800 ahead of US NFP
EUR/USD is on a gradual advance toward 1.0800 in the early European morning. Positive risk sentiment on Congressional approval of the US debt limit suspension and dovish Fed expectations is exerting bearish pressure on the US Dollar. US Nonfarm Payrolls awaited.
GBP/USD grinds higher toward 1.2550 amid USD weakness, US jobs data eyed
GBP/USD is inching higher toward 1.2550 in early Europe, as markets cheer a risk-friendly environment, which is rendering negative for the safe-haven US Dollar. The pair shrugs off UK economic woes on Brexit barriers. The focus now remians on the US NFP report.
Gold eyes a sustained move above $1,992 on weak US Nonfarm Payrolls
Gold price is treading water above the $1,970 level on the United States Nonfarm Payrolls (NFP) day, as the US Dollar (USD) is licking its wounds, in the face of an upbeat market mood and mixed US economic data releases.
Pro-XRP lawyer: Ripple losing the SEC lawsuit might be a blessing in disguise
XRP price made a decent recovery in the month of May, fueled by Ripple's chances of winning the lawsuit it is facing against the Security and Exchange Commission (SEC). The cryptocurrency has amassed a huge base of supporters, which might potentially expand further regardless of the outcome.
The US labour market: A closer look at the data
The US will release its official labour market report on Friday, and traders are busy. The fast-growing indicator for new vacancies rose again in recent years, reaching over 10 million in April, defying the expected drop from 9.7 million to 9.4 million.