Author: FX
Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, according to the US Dollar Index (DXY). The XAU/USD trades at $4,045.XAU/USD drops as Treasury yields, Fed dissents and inflation risks pressure BullionThe yellow metal is poised to finish the week with losses of over 0.11%, unable to decisively crack the $4,100 milestone. At the same time, the DXY, which tracks the performance of the buck’s value against six currencies, is down 0.05%, at 99.91,…
The GBPUSD surged higher yesterday, extending its rally toward a key swing level at 1.34797. However, during the Asia-Pacific and early European sessions, the pair corrected lower, retracing back to its converged 100-day and 200-day moving averages near 1.3398. The day’s low reached 1.3400, just a couple of pips above that critical support zone.That test proved to be a turning point. Buyers stepped back in aggressively, driving the pair back above yesterday’s highs and through the 1.34797 swing level. The break has pushed the GBPUSD to its highest level since July 16, giving buyers more control from a technical perspective.With…
Thursday’s record Yen defence is the story everyone has written. Friday is the one that matters, because the Dollar has been sold in three separate lurches since the Tokyo morning, nobody has claimed any of them, and the US Treasury has told a number of banks through the New York Fed that it may enter the market and they should stand ready for further action. USD/JPY trades just under 159.00 late in the session, a Yen and a half beneath where the day began.The second round is the cheap oneThe pattern reads like an operation rather than a market. The…
The US Dollar Index (DXY) struggles to hold its early recovery on Friday as the fallout from suspected Japanese intervention and the possibility of direct action by the United States (US) keep the Greenback under pressure. At the time of writing, the index trades around 99.96, easing from an intraday high of 100.45 and hovering near its lowest level in six weeks. The DXY is also on track to close July in negative territory.The Greenback suffered a sharp sell-off on Thursday as the Japanese Yen (JPY) surged across the board. Reuters reported, citing a market source, that Japanese authorities likely…
This week’s earnings season was dominated by the technology heavyweights. Microsoft delivered standout results that reignited enthusiasm around AI spending, while Amazon also impressed with strong cloud and advertising growth. Apple topped earnings estimates but offered a cautious outlook that weighed on the shares, and Meta came under pressure as investors remained concerned about the scale of its AI investment plans. Collectively, the reports helped set the tone for the broader market and will likely influence trading into next week. With most of the “Magnificent 7” now behind us, next week’s calendar broadens considerably. Investors will shift their attention to…
Richmond Federal Reserve (Fed) President Tom Barkin said on Friday that it remains uncertain whether the current level of interest rates is sufficiently restrictive to bring inflation back to the Fed’s 2% target, according to an interview with The Wall Street Journal.Barkin also said he was unsure whether he would have joined the three Fed committee members who dissented in favor of a 25 basis-point rate increase at this week’s policy meeting. His comments come after the Fed left interest rates unchanged, while Governors Lorie Logan, Beth Hammack and Neel Kashkari favored an immediate hike.Key quotesIt’s a close call whether…
Earnings Call Insights: Federal Realty Investment Trust (FRT) Q2 2026 Management view “Strong quarter, $1.88 a share, 7% year-over-year growth, 96% occupancy, record leasing volume, 59th year of consecutive dividend raises, another beat and raise, all validating the optimism for the rest of the year and next.” (CEO, President & Director Donald Wood)Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be…
The U.S. rig count was little changed this week, with the total number of active rigs rising by 1 to 588. Oil rigs increased by 1, while natural gas and miscellaneous rigs were unchanged. Compared with a year ago, the total rig count is 48 rigs higher, led by a **41-rig increase in oil drilling.CategoryThis WeekChange vs. Last WeekLast WeekChange vs. Year AgoYear AgoGas1270127+3124Oil451+1450+41410Miscellaneous10010+46Total588+1587+48540Key takeaways: Total U.S. rig count: 588 (+1 vs. last week; +48 vs. a year ago) Oil rigs: 451 (+1 w/w; +41 y/y) Gas rigs: 127 (unchanged w/w; +3 y/y) Miscellaneous rigs: 10 (unchanged w/w; +4 y/y)…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
The EURUSD has been on its own rollercoaster ride today, plunging sharply lower before staging an equally impressive rebound during the North American session.The initial selloff pushed the pair back below a key swing area between 1.1471 and 1.1482, a former resistance zone that had capped rallies since mid-June. That break triggered additional downside momentum, sending the pair to a session low of 1.1456.The move lower, however, quickly unraveled.Buyers stepped back in, driving the price back above the 1.1471–1.1482 zone and turning what looked like a bearish breakout into a failed break—a development that often forces sellers to cover and…