Gold recovered from the mid-week losses when it went from $1,367 to $1,349 and is now trading at $1,363-$1,364. High volatility is expected during the NFP and unemployment announcement.
The EUR/USD is trading on the downside after upbeat US data pushes price to a low of 1.1046. The pair has slightly recovered and is now trading at 1.1097. No major news are expected today.
USD/CAD is trading higher today as the Canadian dollar retreated to make room for the US dollar rally. Market participants boosted the pair's price with the latest upbeat US data showing +250K for a second time and an unchanged 4.9% unemployment. The pair reached a high of 1.3201 and is now trading at 1.3173.
The EUR/USD is trading slightly unchanged since yesterday's session gravitating towards the 1.1077level. With the latest NFP reports the pair lost some of its gains, but now when it rests on the 200SMA for a third consecutive day, things may change.
GBP/USD made a new low today for the week at 1.2966. The pair went downhill the moment the NFP and unemployment data was announced. Watch for key levels at 1.2860 and 1.28.
EUR/USD is up on technicals reaching a high of 1.1155 and currently trading at 1.1147. The pair has yet to attempt to reach first resistance at 1.12. On the other hand, first support is seen at last low.
Gold is also trading to the upside since its lowest point of $1,330. The precious metal reached a high of $1,355 and is now trading at $1,351. Gold is back into its upward trading channel so continuing its pace North is most likely.
EUR/USD went even higher today reaching 1.1190. The pair is now 1.1177 and no major news are expected today, suggesting that price may continue trading around 1.1160-1.1180.
EUR/GBP is close to visiting resistance at 0.8626. The pair is now 0.8590 and is about to form a Double top at the resistance level. Important news are scheduled today that may create volatility and push price in either direction.
EUR/USD recorded a day in the red today after making a high of 1.1192 and going down to a low of 1.1140. No major news for today so we might see a calm and well-behaved pair. First support zone 1.1080, first resistance zone 1.1200.
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