Author: FX
The Canadian Dollar caught an early decline on Friday, but Greenback declines are squaring Loonie positioning.Canada shed jobs in July after the pace of hiring declined faster than expected.Coming up next week: US CPI inflation figures to dominate market sentiment early.The Canadian Dollar (CAD) stumbled on Friday, falling against the US Dollar (USD) before broad-market Greenback sentiment overtook Loonie positioning to chip away at the USD’s late-week strength. Canadian jobs data came in far below expectations, kicking the legs out from beneath Loonie bulls before general market sentiment continued forcing the US Dollar lower and giving the CAD a mulligan…
The GBPUSD bottomed this week on Tuesday near 1.32594. The Bank of England on Wednesday cut rates by 25 basis points but it was a hawkish cut as the MPC vote was 5– 4, not as high as the 7-2 expected.The price moved up to the 100 day moving average on Wednesday. On Thursday, the price extended higher and away from that moving average and today, a new high was made just short of that 50% midpoint target. The current price is trading just off the high at 1.3446, setting up next week for traders to either push lower against…
From Bloomberg:The Trump administration suggested it would issue a new policy clarifying that imports of gold bars should not face tariffs, after the government stunned traders by ruling that they would be subject to duties.Comex gold futures surged to a new all-time high earlier in the day, but has since come off. The recent news sent the price down to test the rising 100-hour MA at $3446.10, but buyers have against the level and pushed the price back higher price and string $3464. This article was written by Greg Michalowski at investinglive.com. Source link
USD/CHF trades below 0.8100, stuck in a narrow range amid cautious sentiment.Risk-on mood driven by strong global equities dampens safe-haven demand for CHF.US imposes new import tariffs on 1kg and 100oz Swiss Gold bars, rattling bullion markets.The Swiss Franc (CHF) remains subdued against the US Dollar (USD) on Friday, with USD/CHF hovering in a familiar range established this week, as traders weigh the latest US tariff decision targeting Swiss Gold exports and its potential fallout on Switzerland’s economy and trade relations.At the time of writing, the pair is trading around 0.8080, struggling to break out decisively in either direction amid…
Gold spot steady at $3,397, while Comex futures hit all-time high on US import tariffs.The Financial Times reports US imposed duties on one-kilo Gold bars, citing Customs & Border Protection letter.Markets price in 25 bps Fed cut in September after weak NFP and soft ISM Services PMI employment data.Upcoming US data: CPI, PPI, Retail Sales, Jobless Claims, UoM Sentiment, and multiple Fed speakers.Gold Price steadies in the spot markets, yet the futures reached a record high of $3,534 on reports that the United States (US) will apply tariffs on imports of Gold bars. Besides this, market players continued to digest…
Gold edges lower after hitting a two-week high of $3,409 on Friday.Gold futures soar to record highs after US imposes tariffs on 1-kg and 100-oz Gold bars.Technicals show Gold struggling below $3,400 but holding above key moving averages.Gold (XAU/USD) is trading slightly lower on Friday after peaking at $3,409 earlier in the day, its highest level in two weeks amid a cautious market mood. At the time of writing, the metal is hovering near $3,400 during the American trading session and is on track to post modest weekly gains of around 1%.The precious metal remains underpinned by concerns over the…
Trump administration eyes military action against some cartels Source link
GBP/USD steady as BoE hawkish cut seen as last of 2025; Dollar boosted on Waller rumors The GBP/USD remains steady during the North American session as the Greenback recovers some ground, even though traders seem convinced that the Bank of England’s (BoE) rate cut on Thursday may be the last during the year. At the time of writing, the pair trades at 1.3437, virtually unchanged. Read More… Pound Sterling outperforms US Dollar, focus shifts to UK employment, US CPI data The Pound Sterling (GBP) clings to three-day gains around 1.3450 against the US Dollar (USD) on Friday. The GBP/USD pair…
Trade Desk stock plunges nearly 40% on Friday after Q2 earnings.Q2 adjusted EPS was largely in line with consensus, and revenue beat estimates.CFO is leaving her position after more than a decade in financial roles with company.TTD stock could find support in $43 to $47 range from April.The Trade Desk (TTD), a much-watched growth stock offering a digital advertising auction platform, has capitulated on Friday after the company announced the departure of its longtime chief financial officer. The Trade Desk beat its second quarter revenue consensus but arrived in-line with adjusted earnings projections.TTD stock has plunged 39% at the time…
GBP/USD trades flat at 1.3437 as Dollar recovers modestly.BoE cuts rates 25 bps in a 5–4 split, signaling a cautious approach; markets see 87% chance of no change in September.Trump administration rumored to favor Fed Governor Christopher Waller to replace Powell in 2026.St. Louis Fed’s Musalem says inflation remains off-target, but job market risks tilt lower.The GBP/USD remains steady during the North American session as the Greenback recovers some ground, even though traders seem convinced that the Bank of England’s (BoE) rate cut on Thursday may be the last during the year. At the time of writing, the pair trades…