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Pound Sterling stays strong near 1.3300 against the US Dollar during the European session

The Pound Sterling hovers around 1.3300 against the US Dollar, bolstered by weak US job data. Anticipate interest rate cuts from both the Fed and BoE, creating volatility in the currency market. – vtmarketsmy.com

Disappointing US employment growth unexpectedly challenged the dollar’s strength, reports Commerzbank.

US job reports show a surprising employment decline and rising unemployment, prompting potential interest rate cuts. Market volatility rises as political shifts raise caution, while gold and Bitcoin emerge as attractive hedges. – vtmarketsmy.com

NZDUSD stays below the 100-day moving average, indicating potential bearish momentum if key levels are breached.

The NZDUSD has broken below its critical 100-day moving average, signaling potential bearish trends. Traders should consider short positions, targeting support at 0.5845 and the 200-day MA at 0.58147. – vtmarketsmy.com

GBP/USD hovers below 1.3300 as it struggles to attract buyers, showing no signs of a bullish reversal.

GBP/USD struggles below 1.3300, lacking bullish momentum amidst US Dollar strength and UK economic challenges. Traders eye put options for a potential decline towards 1.3000 amid high volatility. – vtmarketsmy.com

Gold price rises above $3,350 during European trading, approaching recent highs

Gold prices rise as expectations for a Fed rate cut grow, fueled by weak U.S. job data. Watch technical levels closely for potential bullish or bearish breaks around $3,245 and $3,500. – vtmarketsmy.com

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