Free Forex Signals

• EUR/USD gains to near 1.1610 amid weakness in the US Dollar.
• Weak US ADP Employment Change data for August has set an unfavorable backdrop for the US NFP.
• The ECB is anticipated to raise interest rates on September 10.

The Euro (EUR) is up 0.2% to near 1.1610 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair gains as the US Dollar underperforms due to multiple headwinds, weak United States (US) ADP Employment Change data for August and the Federal Reserve (Fed) pushing back upside inflation risks.

• EUR/USD Price Forecast: 20-day EMA acts as key support level
• Gold sticks to gains amid weaker USD, soft bond yields; remains below $4,450
• Euro advances against Canadian Dollar amid lower oil prices, ECB rate hike bets
• Gold steadies above $4,300; not out of the woods yet amid Fed hike bets and bullish USD
• Gold weakens below $4,400 as US Treasury yields surge, Fed rate hike bets rise