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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
The British Pound trades near its daily highs against the US Dollar during the American trading session on Thursday. The GBP/USD pair reflects strength as the US Dollar underperforms its peers following a softer-than-expected United States Nonfarm Payrolls report.
EUR/USD gains traction and clings to strong gains near the 1.1450 mark, reaching a fresh multi-day peak on Thursday, amid a marked correction in the US Dollar following the disappointing US employment data. Meanwhile, the pair remains on track to snap a two-day losing streak.
Gold maintains its bullish momentum on Thursday, surpassing the $4,100 per troy ounce mark and trading at its highest level in a week. The precious metal’s marked rebound comes on the back of the US Dollar’s retracement following the release of a softer-than-expected NFP report.
The cryptocurrency market broadly rises on Thursday, reflecting improvement in risk sentiment following an extended period of selling pressure. Bitcoin is back above $60,000 after testing support at $58,000 earlier in the week.
Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.
