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EUR/USD rebounds above 1.1000 as USD loses strength
EUR/USD has regained its traction and climbed above 1.1000 after having declined toward 1.0950 with the initial reaction to the upbeat April jobs report from the US. The positive shift seen in risk sentiment ahead of the weekend weighs on the USD and helps the pair edge higher.
GBP/USD advances beyond 1.2600 as risk flows return
GBP/USD has gathered bullish momentum and advanced beyond 1.2600. Following the strong employment data from the US, Wall Street’s main indexes opened decisively higher on Friday, causing the US Dollar to lose its footing and fueling the pair’s rally.
Gold slumps toward $2,000 as US yields jump after NFP data
Gold price came under heavy bearish pressure and tested $2,000 before recovering to the $2,010 area. After the data from the US showed that Nonfarm Payrolls rose by 253,000 in April, much higher than the market consensus of 179,000, the 10-year US T-bond yield surged 2%, causing XAU/USD to turn south.
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