Market Overview

Markets Stay Supported as Traders Await Key U.S. Employment Indicators

ADFX Team

XAUUSD 
XAUUSD tracked a 52.06-point session range (1.47% of the open) between 01:00 and 23:57 GMT, setting a fresh 5‑day and 10‑day high. The low printed early at 3526.45 at 02:44 GMT, while the high came late at 3578.51 at 21:15 GMT, aligning with the 3570 handle and matching the 10‑day high marker. The market settled at 3559.72, up 28.0 points or 0.793% versus the session open of 3531.72. The close sat 63.9% of the way up the day’s range, nearer the 3560 handle, after the late-session peak. Intraday progression was defined by an initial dip to the low, a steady climb into the evening high, and a modest retracement into the close, leaving price in the upper portion of the distribution. On the higher-timeframe context, the daily upper Bollinger Band stood at 3549.87, with price spending the latter part of the session above that reference and finishing above it as well. The session high at 3578.51 established the latest 10‑day top, while the proximity of the close to 3560.0 underscores the consolidation above the 3550 area into the bell. No tick volume data were provided. Overall, the day concluded with price elevated within the range, a late-session high set in the 3570s, and the close above the daily Bollinger upper band, with the 52.06-point span encapsulating the move from the early low at 02:44 GMT to the late high at 21:15 GMT. 

(XAUUSD H1) 

GBPUSD 
GBPUSD covered a 126-pip session range, equal to 0.94% of the open, after printing a low at 1.33 at 10:21 GMT and a high at 1.35 at 20:18 GMT, before settling at 1.34. The pair closed up 51 pips on the day, a gain of 0.38% from the 1.34 open, with the finish positioned toward the upper end of the day’s range. Price action first extended lower through the morning to establish the intraday trough, which also marked a new 5‑day and 10‑day low, then rotated higher through the 1.34 handle into the evening, briefly pressing toward the mid‑1.34s ahead of the late‑session high. Round‑number levels featured throughout, with 1.33 containing the downside and 1.34 reclaimed into the close, while 1.35 capped the day’s peak. On the higher‑timeframe backdrop, the daily 21‑EMA stood at 1.35 and the H4 50‑SMA at 1.35, leaving the close marginally below these reference averages. The daily lower Bollinger Band was at 1.34, aligning with the day’s early base and the subsequent recovery above that area by the close. The daily MACD signal registered at 0.0. In sum, the session opened near 1.34, drove to the day’s low by late morning, advanced steadily into the evening to post the high at 20:18 GMT, and ended the period above 1.34 but short of the high, with net gains on both an absolute and percentage basis. 

(GBPUSD H1) 

EURUSD 
EURUSD advanced within a contained band and settled higher at 1.17 by the close, up 0.19% on the day. The session opened at 1.16 and pressed lower into the morning, marking the day’s trough at 10:21 GMT Time at 1.16, a 5‑day low, before turning higher into the afternoon. The peak was set at 18:30 GMT Time at 1.17, with the day ultimately finishing above the open. Overall, the session spanned about 0.0074, or 0.64% of the open, and the closing print sat around 68% of the day’s range measured from the low. Price action held the 1.16 figure on the downside and stopped short of a clean break of the 1.17 handle on the upside, leaving the 1.16–1.17 corridor as the operative intraday band. From a technical backdrop, the close was above the H1 20‑period simple moving average near 1.16 and broadly aligned with the daily Bollinger midline around 1.17, placing spot close to these reference levels into the settlement. The intraday structure featured a morning low followed by a sequence of higher lows into the 18:30 GMT Time high, with no new extremes posted thereafter. By the close, EURUSD was positioned in the upper third of the day’s range, having registered the 5‑day low earlier in the session while finishing nearer the top of the day’s span. 

(EURUSD H1) 

In the past 24 hours, no major economic data was released; among the few reports published, US JOLTS Job Openings eased to 7.18 million, down from 7.44 million previously and below the 7.41 million consensus, signaling a modest cooling in advertised labor demand. Looking ahead to the next 24 hours, the focus shifts to US labor indicators: at 15:15 server time, ADP Nonfarm Employment Change is expected at 136.0 after 104.0 previously, followed at 15:30 by Initial Jobless Claims, forecast at 231.0 compared with 229.0 last week. Together, these prints will help refine views on the momentum of hiring and layoffs heading into the official payrolls report; if ADP surprises to the upside, it could reinforce perceptions of a still-resilient labor market and curb expectations for near-term rate cuts. Traders should be aware that liquidity can thin around these releases, and markets may experience sharper-than-usual price moves as positions adjust to the data. No other high-profile data releases or scheduled policy events are on the docket in this window. 

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