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EUR/USD stays defensive below 1.1050, as US NFP data looms
EUR/USD stays defensive below1.1050 in the European morning on Friday. The pair lacks a clear directional impetus, as traders refrain from placing fresh bets ahead of the key US Nonfarm Payrolls data. The focus remains on ECB-speak as well.
GBP/USD recovers to near 1.3150 ahead of US NFP data
GBP/USD has recovered ground to near 1.3150 heading into the European opening bells on Friday. The further upside, however, appears elusive, as traders brace for the highly-anticipated US Nonfarm Payrolls data for fresh cues on the Fed interest rate outlook.
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Gold: Will US Nonfarm Payrolls drive XAU/USD to fresh record highs?
Gold price extends a side trend below the key $2,670 resistance amid the Israel-Iran conflict. The US Dollar eases off six-week highs, as traders reposition ahead of the Nonfarm Payrolls data.
Nonfarm Payrolls set to grow moderately in September as markets mull bets of another big Fed rate cut
Economists expect the Nonfarm Payrolls report to show that the US economy added 140,000 jobs in September, following a job gain of 142,000 reported in August.
Ethereum performance could hang on US election due to DeFi's regulatory hurdles
Ethereum is down over 4% on Thursday as traders expect high volatility with the US elections approaching. The election results could spark a massive price movement in ETH due to regulatory hurdles the DeFi ecosystem has yet to overcome.