EUR/USD regains 1.11 and above post-Payrolls

EUR/USD moves higher and breaks above 1.11.
US Non-farm Payrolls missed estimates at 145K in December.
US Unemployment rate stayed put at 3.5%.

Pablo Piovano FXStreet

The buying interest around the single currency is now gathering extra pace and is motivating EUR/USD to surpass the critical barrier at 1.1100 the figure.

EUR/USD bid on Payrolls

The pair is advancing further on Friday after the US economy created 145K jobs during last month, missing expectations at 164K and up from November's 256K (revised from 266K).

Further data showed the jobless rate stayed put at 3.5% and the critical Average Hourly Earnings – a proxy for inflation via wages – expanded 0.1% MoM and 2.9% over the last twelve months, showing some lack of traction.

EUR/USD levels to watch

At the moment, the pair is gaining 0.05% at 1.1111 and a breakdown of 1.1092 (55-day SMA) would target 1.1066 (low Dec.20 2019) en route to 1.1063 (100-day SMA). On the flip side, the next up barrier aligns at 1.1139 (200-day SMA) seconded by 1.1186 (61.8% of the 2017-2018 rally) and finally 1.1199 (high Dec.13 2019).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.