On Wednesday, market participants learned about the state of the US labor market as of January

Gold is recovering its positive sentiment and partially compensating for slight losses from the previous day.

Official data on the US labor market came in better than expected. However, flaws in the report prompted a cautious reaction from traders.

The EUR/USD pair declined by 25 basis points on Wednesday.

Bullish traders continue to hold the initiative in the market.

Bullish traders still maintain prospects for growth, but the situation has become more complicated for them.

The GBP/JPY pair has been under strong selling pressure for the third consecutive day amid a combination of negative factors. Expectations of further interest rate hikes by the Bank of Japan continue to support the Japanese yen.

The divergence in monetary policy between the Federal Reserve and the European Central Bank continues to support spot prices. Fundamental factors favor the bulls and confirm the possibility of further growth.

EUR/USD's outlook will be decided by the labor market

Bitcoin no longer viewed as speculative asset