FxAnalysis

EUR/USD turned lower toward 1.1585 as risk-off sentiment grows ahead of key Fed minutes and US jobs data, with bearish technical signals pointing to 1.1480 support.

Gold remains vulnerable early Tuesday, extending a four-day losing streak as US Dollar (USD) buyers hold the ground, eagerly awaiting the critical September Nonfarm Payrolls (NFP) report on Thursday.

EUR/USD clinches its second consecutive day of losses on Monday, now breaking below the key 1.1600 support to challenge three-day troughs near 1.1580.

Spot Gold trades with a soft tone on Monday, although confined to a well-limited intraday range. The bright metal hovers around $4,070 a troy ounce in the American session, trading at the lower end of Friday’s range, as investors await fresh clues about the United States (US) economic health.

The Australian Dollar (AUD) trades well on the back foot in quite a negative start to the new trading week, with AUD/USD retreating to the 0.6500 neighbourhood in a context dominated by the resumption of the buying interest around the US Dollar (USD).

Gold remains bullish above $4,000 despite recent profit-taking, as traders await fresh economic data and Fed signals following the US government’s reopening.