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.
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.
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 sesne 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 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. Market participants need to be cautious as a trend reversal could be brewing.
Historically, 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.