EUR/USD: Trading the Change in U.S. Non-Farm Payrolls

The U.S. dollar could face increased selling pressures over the next 24 hours of trading as market participants anticipate the labor market to weaken for the third consecutive month in August, and the data is likely to reinforce a dour outlook for the world’s largest economy as private sector spending remains one of the leading drivers of growth.

Forex: EUR/GBP settles up near 0.8330

FXstreet.com (Barcelona) - The EUR/GBP is up near 3-week highs, after breaking nearly 60 pips higher over the final hours of Asia and the beginning of Europe. The pair hit resistance at its daily maximum in 0.8340 before settling around 0.8330 where it remains in sideways trading.

Forex: GBP/USD continues losing momentum

FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5392. Hit again but negative data, Pound has spent most of this Thursday under pressure, nearing weekly low of 1.2325. Capped just by 1.5400, pair holds a bearish tone despite both 1 and 4 hours indicators are pointing for an upside recovery.

Your Source for Daily FOREX Market News and Analysis

Trading conditions were relatively mixed between the US dollar and the many other speculative assets out there. The greenback would officially close Thursday’s session with a bearish performance on a trade-weighted basis; but the slide was especially modest.

Forex: USD/CHF holds above 1.0100

FXstreet.com (Córdoba) – The Swiss Franc has been steady in the last hours moving between 1.0140 and 1.0100 against the Dollar. Currently trades at 1.0120/25, 0.35% below today’s opening price.