FxAnalysis

The New Zealand dollar lost momentum at 0.58, with traders eyeing fresh downside as USD strength and growth concerns keep the NZD/USD in a bearish trend.

The euro trades near 1.1680 with bearish momentum, as traders watch US jobs data and key 1.1645–1.1590 support for the next move.

Gold remains bullish near $3,800, with US jobs data set to decide whether momentum carries prices toward the $4,000 milestone.

GBP/USD builds on Friday’s gains and trades in positive territory comfortably above 1.3400 in the European morning on Monday. The pair’s technical outlook is yet to point to a bullish reversal in the short term.

The EUR/USD pair trades at around 1.1750, recovering ground for a second consecutive day amid diminished demand for the US Dollar (USD). The market mood soured amid the lack of progress in the United States (US) Congress towards a funding bill.

EUR/USD holds its ground and clings to modest gains above 1.1700 early Monday after closing the previous week in negative territory.