ADP Employment Report

GBP/USD has steadied after sliding to 1.3204, but the pair remains well below its August high of 1.3677. Technical traders are watching whether a bearish flag pattern can trigger renewed downside toward 1.3100.

EUR/USD has fallen to its weakest level since May last year as mixed US data, higher Treasury yields and rate expectations keep pressure on the pair. Traders are watching the US nonfarm payrolls report, PMI releases and Fed commentary for the next directional catalyst.

AUD/USD is holding near recent highs after Australian growth beat estimates and weak US jobs data weighed on the dollar. Technical traders are watching whether a rising wedge, bearish PPO crossover, and stochastic divergence can push the pair toward 0.7050.

AUD/USD is trading near 0.7170 after stronger Australian growth data and softer US private payrolls helped support the pair. Technical traders are watching a rising wedge, bearish PPO crossover, and stochastic divergence as the 0.7050 support and 0.7200 resistance levels define the next move.

Gold and silver extended their decline as a stronger U.S. dollar, higher Treasury yields and rising rate hike expectations weighed on precious metals. Traders are watching $4,220 in gold and the $60 to $61 region in silver as the U.S. employment reports approach.

The S&P 500 and Dow have pushed to record territory as earnings strength, lower oil and softer private hiring data ease pressure from the rate trade. Friday’s payrolls report now becomes the key test for whether the breakout can extend or must absorb a pullback.