Author: FX
XAG/USD attempts recovery after hitting a four-day low of $37.69 but remains down nearly 1% for the week.The US Dollar softens amid mixed economic data, while rising US Treasury yields continue to limit Silver’s upside.Geopolitical focus shifts to the Trump–Putin summit in Alaska scheduled to begin later on Friday.Silver (XAG/USD) is attempting a mild recovery on Friday after sliding to a four-day low of $37.69. The rebound comes amid some softness in the US Dollar, which is losing traction following mixed US economic data this week. However, despite the intraday bounce, the white metal remains on track for a weekly…
President Trump’s plane has landed in Alaska ahead of his meeting with Russian President Vladimir Putin, scheduled to begin at 3 PM ET — about 40 minutes from now. Reports indicate the talks could last for hours, meaning any outcomes are unlikely before the U.S. market close.Objective: The primary goal is to find a solution to the Russia–Ukraine war, though discussions may also cover de-escalation of tensions and economic sanctions. Pres. Trump has also indicated that he would want to see a cease-fire announced ahead of the next summit between Ukraine and Zelenskiy.Format change: Instead of a one-on-one, the meeting…
The EURUSD is higher in the week but had its shares of ups and downs. Yesterday, the price made a run to the downside, but found support buyers against its rising 200 hour moving average, the underside of the broken trendline, and the high of a swing area. That kept the buyers in play in the price pushed higher in trading on Friday.The momentum to the upside dictate the price above a swing area at 1.1692 and 1.1703. The high price extended to 1.0714. The price has wandered lower but so far has remained above the aforementioned swing area. That…
US oil and gas rig count holds steady this week, Baker Hughes says Source link
XAU/USD rises 0.17% to $3,340, trapped between $3,330 and $3,350 since late Thursday’s session.US Dollar fails to rally after in-line July Retail Sales and upward June revision; sentiment weakens, inflation expectations rise.US Dollar Index drops 0.37% to 97.83, while high Treasury yields cap Gold’s upside momentum.Gold price (XAU/USD) holds firm during the North American session as market participants await the outcome of the meeting between US President Donald Trump and his counterpart, Russian President Vladimir Putin. Traders shrugged off in-line US Retail Sales figures, which failed to propel the US Dollar. The XAU/USD trades at $3,340, up 0.17%.The golden metal…
The weekly Baker Hughes rig count stays steady:Oil rig count +1 at 412Gas rig count -1 at 122Total rig count unchanged at 539Crude oil is trading down $0.72 or -1.13% at $63.24.. For the trading week, the price is near unchanged at current levels. The price last week closed at $63.33. This article was written by Greg Michalowski at investinglive.com. Source link
The major European indices are closing the day with mixed results. A snapshot shows: German DAX, -0.07%France’s CAC, +0.67%UK’s FTSE 100 -0.42%Spain’s Ibex, +0.47%Italy’s FTSE MIB, +1.1%.For the trading week shares are closing higher German DAX, +0.81%France’s CAC, +2.33%UK’s FTSE 100 +0.47%. The close for the week is the highest on recordSpain’s Ibex +3.05% . The index closed at the highest level going back to December 2007FTSE MIB +2.47%. Highest level going back to June 2007. This article was written by Greg Michalowski at investinglive.com. Source link
USD/JPY drops toward 147.00, down nearly 0.50% on the day, as the Yen gains on growth optimism and broad US Dollar weakness.Japan Q2 GDP beats expectations, rising 0.3% QoQ and 1.0% annualized, driven by capital expenditure and exports.US Retail Sales slow to 0.5% MoM in July and Industrial Production contracts by 0.1%.The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Friday, with USD/JPY extending its intraday decline during the American session, supported by stronger domestic growth data and signs of softening momentum in the US economy.At the time of writing, the pair is trading near 147.00, retreating from…
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The Atlanta Fed GDPNow growth estimate for Q3 comes in unchanged at 2.5%. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 2.5 percent on August 15, unchanged from August 7 after rounding. After recent releases from the US Census Bureau, US Bureau of Labor Statistics, Federal Reserve Board of Governors, and Treasury’s Bureau of the Fiscal Service, the nowcast of third-quarter real personal consumption expenditures growth increased from 2.0 percent to 2.2 percent, while the nowcast of third-quarter real gross private domestic investment growth decreased from…