Market Overview

Euro advances and gold steadies as dollar softens ahead of US payrolls 

ADFX Team

XAUUSD 
Gold (XAUUSD) traced a two-way session that ultimately finished almost unchanged. It opened at 3977.58 and first pressed lower to 3964.59 by 03:10, holding above the 3960.0 ten-handle marker, before reversing higher into the afternoon to print the day’s high at 4019.61 at 14:01. That high cleared the 4010.0 handle, but gains faded into the close, which came at 3977.17, down 0.41 points or 0.01% on the day. The session spanned 55.02 points, a move equal to 1.38% of the open. With a calculated midpoint at 3992.10, the settlement sat below the middle of the day’s range and almost on the opening level, leaving price action balanced between an early downside probe and a later upside test. Intraday structure featured the low established in the first hours, a steady rise to the 14:01 peak, and a retracement into the final prints that kept the close nearer the lower half of the range than the upper. Round-number reference levels were in play, with 4010.0 exceeded on the high and 3960.0 respected on the low. On a broader backdrop, the market remained well above the recent 5-day low at 3928.77 and the 10-day low at 3886.65, with neither level approached during the session. By the close, price sat just under the day’s midpoint and effectively flat versus the open, encapsulating a session that expanded intraday range without altering the prior day’s closing reference. 

AUDUSD 
AUDUSD advanced 0.12% in the session from 00:00 to 05:53 server time, moving within a 16‑pip span, with an open at 0.65 and a close at 0.65. The day’s low was set at 03:10 just under the 0.65 figure, before the market pushed to the session high at 04:35 above 0.65; by the finish, the close was positioned near the upper end of the intraday distribution at about 87% of the range. The session’s amplitude equated to roughly 0.25% of the opening level. Price action revolved around the 0.65 round number for much of the window, with an early dip below that mark followed by a lift to the late high and a firm close near the top of the range into 05:53. In the higher‑timeframe backdrop, the daily 50‑day simple moving average sits near 0.66, the lower Bollinger Band is around 0.65, and the 5‑day low is recorded near 0.65, while the daily MACD reading is around zero. Against those references, the session ended below the 50‑day average and above the recent 5‑day trough and lower band area, with the settlement kept toward the top of the day’s realized range. No tick volume data were available for this interval. 

EURUSD 
EURUSD advanced over the session, closing at 1.15, up roughly 45 pips or 0.39% from the prior open, after traversing a 69‑pip range that equated to 0.6% of the opening level. The pair opened near 1.15 and printed its session low at 00:00 just under that figure, then worked higher through the day to register the high at 21:33 near 1.16; that intraday peak marked a fresh 5‑day high. The close sat around 77% of the day’s range measured from the low, placing the finish in the upper quarter of the session’s high‑low span. Price crossed the 1.15 handle during the move and settled above it by the end of trade. Structurally the day was low‑before‑high, with the early trough set at the turn of the session and progressively higher prints into late trade, without a later revisit of the opening low. From a broader context, the market remains beneath the 10‑day high near 1.17. The session’s 0.0069 amplitude kept trading contained between the lower 1.15 area and the upper mid‑1.15s, and the placement of the close toward the top of the day’s distribution underscored the upper‑range finish. No tick‑volume or daily ATR references were provided, and no additional higher‑timeframe indicators are included here. 

Policy was steady in the UK as the Bank of England kept Bank Rate at 4.0 percent, unchanged from 4.0 previously. The U.S. Initial Jobless Claims report was also released, though figures were not available. Looking ahead, the U.S. labor market takes center stage on Friday at 15:30 server time with Nonfarm Payrolls and the Unemployment Rate due together; both prints will be parsed for confirmation of hiring momentum and slack. If payrolls exceed expectations, policy-tightening expectations may firm. No consensus figures were provided here, but the simultaneous release of the headline jobs change and jobless rate typically concentrates market attention into a narrow window, increasing the potential for sharp price moves around 15:30 server time. 

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