Pound Sterling Price News and Forecast: GBP/USD flattens around 20-day EMA

FXStreet Team FXStreet

GBP/USD Price Forecast: Flattens around 20-day EMA ahead of UK employment data

The GBP/USD pair trades flat around 1.3640 during the early European trading session on Monday. Cable trades calmly as investors await the release of the United Kingdom (UK) labor market data for the three months ending December, which is scheduled for Tuesday.

The UK labor market report is expected to show that the ILO Unemployment Rate remained steady at 5.1%. Average Earnings Including Bonuses, a key measure of wage growth, is estimated to have grown at a moderate pace of 4.6% Year-on-Year (YoY). Read more...

GBP/USD Weekly Forecast: Pound struggles at 1.3700 ahead of key UK CPI and employment reports

The Pound Sterling (GBP) failed to resist at higher levels against the US Dollar (USD), but buyers held their ground amid a US data-busy blockbuster week.

GBP/USD managed to build on its late last week’s rebound from ten-day lows of 1.3509 in the first half of the week before running into strong offers at around the 1.3700 region. Read more...

Author

FXStreet Team

FXStreet

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.

AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

USD/JPY consolidates near 160.00 as US NFP takes centre stage

The USD/JPY pair trades in a tight range around 160.00 during the European trading session. The pair wobbles as investors await the United States Nonfarm Payrolls data for May, which will be published at 12:30 GMT. Investors will closely monitor the employment data to get fresh cues regarding the Federal Reserve’s monetary policy outlook.

Gold returns to the red, awaits US NFP

Gold price is looking to test the weekly lows, while in the red near $4,450 in the early European session on Friday. The precious metal remains vulnerable amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday.

Arthur Hayes' “Holy Trinity” is dead: Exits Zcash after Orchard Pool exploit

Arthur Hayes has entirely dumped his “Holy Trinity” holdings by offloading his Zcash holdings on Friday. The privacy coin is down 13% so far on Friday, extending Thursday’s 26% decline after an Orchard Shielded Pool audit revealed a critical vulnerability that allowed the undetectable minting of fake coins. Hayes continues to hold Worldcoin ahead of the upcoming SpaceX Initial Public Offering, on the chance of a “high-beta proxy” rally.

Nonfarm Payrolls set to show stable labor market in May as markets digest Fed hawkish shift

The United States Bureau of Labor Statistics will release the Nonfarm Payrolls data for May on Friday at 12:30 GMT. Investors expect NFP to rise by 85K following the surprisingly strong 185K and 115K increases recorded in March and April, respectively.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.