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EUR/USD recovers toward 1.0400 ahead of key US jobs data
EUR/USD clings to small recovery gains near 1.0400 on Friday. Investors adopt a cautious stance ahead of the highly-anticipated January labor market data from the US, helping the US Dollar hold its ground and limiting the pair's upside.
GBP/USD climbs above 1.2450 as focus shifts to US NFP
GBP/USD gains traction following Thursday's decline and trades in positive territory above 1.2450 on Friday. The US Dollar stays resilient but struggles to gather strength against its rivals as investors remain on the sidelines ahead of key US Nonfarm Payrolls data.
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Editors’ Picks
Gold price sticks to modest intraday gains, remains close to record high ahead of US NFP
Gold price regains positive traction following the overnight modest pullback. Trade war fears continue to act as a tailwind for the safe-haven XAU/USD pair. Fed rate cut bets and subdued USD demand further lend support to the bullion.
Nonfarm Payrolls forecast: US job growth expected to slow in January amid Fed uncertainty
Economists expect the Nonfarm Payrolls to increase by 170,000 jobs in January, following a 256,000 job gain in December. The Unemployment Rate (UE) is likely to stay at 4.1% in the same period.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP are at risk of for further declines
Bitcoin (BTC) hovers around $97,400 on Friday after losing nearly 5% in the last three days. Ethereum (ETH) and Ripple (XRP) fail to recover and face rejection from their key levels, hinting at further corrections.