EUR/USD is trading at 1.0940, 0.03% down since previous day close. EUR/USD is expected to break above the eight-week high of 1.0981, potentially testing the psychological barrier of 1.1000. Key support areas include the 23.6% Fibonacci retracement and psychological level of 1.0900. Technical analysis suggests a bullish sentiment, with the 14-day Relative Strength Index above the 50 mark and the Moving Average Convergence Divergence above the signal line. The pairs is in a rejection zone and expected slight selling today.

GER30 is trading at 17738.5, 0.03% down since previous day close. European stock markets traded subdued on Friday, awaiting the release of the U.S. jobs report. The European Central Bank left interest rates unchanged at record highs, but acknowledged inflation is easing faster than expected, potentially opening the way for rate cuts later this year. The U.S. central bank is “not far” from gaining confidence in falling inflation to begin cutting interest rates. Informa’s stock rose 2% after a 30% increase in revenues. As seen in the chart, After a continuous bullish momentum, a continuation of the bullish rally is expected today.

XAU/USD is trading at 2177.5, 0.06% down since previous day close. Gold price struggles to capitalize on last week’s blowout rally to a record peak, with overbought conditions limiting gains. The US unemployment rate spike in February reinforced expectations of a Fed rate cut in June, keeping US Treasury bond yields depressed. Bullish traders are reluctant to place fresh bets on the gold price amid overbought conditions and the release of US consumer inflation figures. Fed rate cut bets and cautious market mood may support the safe-haven XAU/USD and limit any corrective slide. As seen in the chart, gold is in a straight bullish rally, continuation is expected.