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Editors’ Picks
EUR/USD holds losses near 1.1650 after Eurozone Retail Sales data
EUR/USD edges lower and trades around 1.1650 in the European session after the data from the Eurozone showed that Retail Sales fell more than expected in July. Later in the day, market participants will scrutinize Initial Jobless Claims, the ADP Employment Change, and the ISM Services PMI releases from the US.
GBP/USD weakens below 1.3450, US ISM Services PMI data looms
GBP/USD trades in negative territory below 1.3450 in the European session on Thursday as Pound Sterling struggles to attract buyers on UK fiscal worries. The US weekly Initial Jobless Claims, the ADP Employment Change and the ISM Services PMI data stand out in the economic calendar.
Gold finds support ahead of $3,500, pares intraday losses
Gold corrected from the record-high it set near $3,580 but found support before testing $3,500. Growing expectations for a dovish Fed policy outlook and trade-related uncertainties help XAU/USD limit its losses as investors await employment-related data from the US.
All eyes on NFP report as Fed rate cut bets intensify
Will August jobs report shock again? It’s almost one month ago that the July payrolls numbers generated not just considerable volatility in the markets but also a lot of controversy, as it offended President Trump’s record on the economy.
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