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AUD/USD Price Analysis: Retreats towards 0.6440 key support ahead of US NFP

AUD/USD pares the weekly gains as markets brace for US employment data for August on early Friday. In doing so, the Aussie pair not only portrays the cautious mood ahead of the key data/events but also justifies the bearish MACD signals. With this, the AUD/USD pair is likely to extend the latest weakness towards paring the first […]

Nonfarm Payrolls Forecast: US labor market expected to show further signs of cooling in August

Traders scale back the odds of a final interest-rate hike by the US Federal Reserve (Fed) this year after US job openings dipped to levels unseen since early 2021. The US JOLTS Job Openings data revived bets of a Fed pause on rates and triggered an extended US Dollar correction from 12-week highs set last Friday. The […]

USD/INR Price News: Rupee cheers India GDP growth, China-led optimism near 82.60 ahead of US NFP

USD/INR prints a two-day losing streak around 82.60, down 0.15% intraday, as market players brace for the all-important US employment report on Friday. It’s worth noting that the upbeat India growth figures join China-inspired optimism in the Asia-Pacific zone to exert downside pressure on the Indian Rupee (INR) pair ahead of the key US Nonfarm Payrolls (NFP). […]

Gold Price Forecast: XAU/USD remains below $1,950 level as traders keenly await US NFP

Gold price attracts fresh sellers following an Asian session uptick to the $1,944 region on Friday and hits a fresh daily low in the last hour, albeit lacks follow-through. The XAU/USD currently trades just below the $1,940 level, nearly unchanged for the day, as traders keenly await the closely-watched monthly employment details from the United […]

EUR/USD nears 1.0800 as EU inflation lures ECB doves, US NFP eyed

EUR/USD remains depressed around 1.0845 as traders brace for the top-tier US employment details on early Friday. In doing so, the Euro pair struggles for clear directions after declining the most in five weeks the previous day. That said, Eurozone inflation data came in mostly positive the previous day but the comparative stance on a four-month basis […]