Author: FX
Gold is holding steady near $3,300 as markets stay cautious ahead of the US Nonfarm Payrolls (NFP) report.The US Dollar stays resilient following the Fed’s hawkish hold and firm macroeconomic data.US President Donald Trump’s sweeping tariff executive order renews trade tensions, limiting Gold’s downside.Gold (XAU/USD) is treading water on Friday, hovering near $3,300 during the European trading hours as a resilient US Dollar (USD) caps gains in the precious metal. The Federal Reserve’s (Fed) decision to keep interest rates unchanged in its July monetary policy meeting, while signaling a data-dependent hawkish stance for future action, has led markets to scale…
The Greenback reverses part of its recent pullback on Friday.US Nonfarm Payrolls disappointed estimates at 73K in July.Next on tap on the US docket will be the ISM Manufacturing PMI.The Greenback, when tracked by the US Dollar Index (DXY), rapidly left behind the area of recent lows and slipped back to the vicinity of the 99.00 neighbourhood at the end of the week.Door open to a rate cut in September?Indeed, the index lost momentum after the US economy created 73K jobs iJuly, and the unemployment rate ticked a tad higher to 4.2%, while average hourly earnings—a proxy for inflation—rose to…
EUR/USD jumps over 150 pips, rising from 1.1391 to 1.1556 post-NFP release.The US economy added just 73K jobs in July, well below the 110K forecast.Unemployment Rate ticks up to 4.2%, in line with expectations.The Euro (EUR) reverses sharply against the US Dollar (USD) on Friday after the July Nonfarm Payrolls (NFP) report surprised to the downside, catching markets off guard. The pair had been under pressure throughout the week, trading on the back foot as the US Dollar held firm on robust economic data and hawkish Federal Reserve (Fed) outlook.EUR/USD surges nearly 150 pips from near multi-week lows following the…
Fundamental OverviewThe upside for the Nasdaq has been supported all along since the April 9 tariff pause by the lack of bearish drivers. In fact, we continued to see a general de-escalation in trade war that triggered a positive repricing in growth expectations and boosted risk assets. Now, we reached the peak in this trade as we got the deals in the expected 10-20% range. The focus now switched back to the Fed and the interest rates path. The Fed’s decision this week was very much expected and didn’t move the market at all. Rates were kept unchanged, and Waller…
CHUNYIP WONG/E+ via Getty Images The inflation rate in the Euro Area remained unchanged at 2% in July. The annual core inflation rate in the Eurozone, which excludes prices for energy, food, alcohol & tobacco, steadied at 2.3% in July 2025, the same as in each of the previous two months, and compared to Source link
French manufacturers suffer sharpest drop in new orders since January, PMI shows Source link
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US Dollar Index maintains its position near a nine-week high of 100.14, marked on Friday.The US Dollar advanced after the PCE report indicated that the Fed may delay rate cuts until at least October.President Trump imposed new tariffs ranging from 10% to 41%, set to go into effect on August 1.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, remains stronger for the seventh successive day and is trading around 100.00 during the Asian hours on Friday.The Greenback surged as the US Personal Consumption Expenditure (PCE) Price Index report suggested that…
EUR/JPY trades on a negative note around 172.00 in Friday’s early European session. The positive view of the cross prevails above the key 100-day EMA with the bullish RSI indicator. The immediate resistance level emerges at 173.45; the first support level to watch is 170.70.The EUR/JPY cross trades with mild losses near 172.00 during the early European session on Friday. The Euro (EUR) softens against the Japanese Yen (JPY) amid the tariff uncertainty surrounding the US-EU trade deal. However, the dovish tone of the Bank of Japan (BoJ) and domestic political uncertainty in Japan might weigh on the JPY and cap the downside for…
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