Dinesh Biswas / Perfil

Welcome to My "Gold Scalping 07" Trading Signal- My signal is designed for institutional-minded investors and retail traders alike who prioritize capital preservation over reckless gambling. Managed with precision, this strategy focuses on extracting steady profits from the market while maintaining a strictly controlled drawdown. 💎 Key Highlights: Professional Risk Management:  We strictly never use dangerous compounding strategies like Martingale, Grid, or averaging down. Every single

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TODAY: EUR/USD RATE SUSCEPTIBLE TO STRONG US NFP REPORT

EUR/USD trades back below the 50-Day SMA (0.9873) after failing to test the September high (1.0198), and the exchange rate may struggle to retain the advance from the yearly low (0.9536) as it appears to be tracking the negative slope in the moving average.


At the same time, the NFP report may drag on EUR/USD as the US economy is anticipated to add 200K jobs in October, and signs of a resilient labor market may provide the Federal Open Market Committee (FOMC) with greater scope to pursue a highly restrictive policy as Chairman Jerome Powell emphasizes that “it is very premature” to pause the hiking-cycle.
As a result, the FOMC may maintain its existing approach to achieve price stability as Chairman Powell acknowledges that “we haven't seen inflation coming down,” and it remains to be seen if Fed officials will project a steeper path for US interest rates as the central bank is slated to release the updated Summary of Economic Projections (SEP) at the next rate decision on December 14.
Until then, EUR/USD may face headwinds as the European Central Bank (ECB) shows little interest in pursuing a restrictive policy, while the tilt in retail sentiment looks poised to persist as traders have been net-long the pair for most of the year.