Author: FX

Trade drama and monetary shifts sent currencies spinning this week, lead by Trump’s tariff hike, ECB rate cuts, & swings in U.S. jobs data. Source link

Just when you thought markets were settling into summer mode, this week in the markets served up a five-day masterclass in why traders need strong coffee and stronger nerves. We had Trump doubling down on tariffs, the ECB playing rate-cut bingo for the eighth time, and a steady stream of U.S. jobs data that swung from “apocalypse now” on Wednesday to “soft landing” by Friday. Throw in some Fed chair bashing on social media and Christine Lagarde basically telling everyone the European party’s winding down, and you’ve got yourself a week where nothing stayed put for more than five…

The Canadian Dollar firmed up on Friday, but Greenback flows rallied harder, driving a rebound in USD/CAD.US NFP net job gains came in stronger than expected, overshadowing Canadian job numbers.Key post-tariff US CPI inflation figures loom large next week; Canadian data docket runs out of gas.The Canadian Dollar (CAD) saw firm gains in employment figures on Friday, with an overall net increase in Canadian employment thumping median market forecasts for a contraction. However, a stronger-than-expected US Nonfarm Payrolls (NFP) print eclipsed Canadian economic data, giving the US Dollar (USD) a much-needed rebound.The Canadian economic data docket is slim next week,…

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: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

Euro failed to capitalize on upbeat GDP and retail sales; ECB rate cut seen as nearing its limit.The US economy added 139K jobs in May, the second-highest in 2025, with the jobless rate steady at 4.2%.Hot labor data boosted US Dollar and Treasury yields, dampening Fed rate cut hopes.EUR/USD trip down extends its losses on Friday after hitting a six-week high near 1.1500 as Nonfarm Payroll figures in the United States (US) came in stronger than expected despite cooling off. The print prompted investors to price in a less dovish Federal Reserve (Fed), while the Euro (EUR) failed to gain…

XAU/USD falls after strong NFP data cuts rate cut hopes, but holds weekly gain above 1.30%.US adds 139K jobs in May; Unemployment Rate steady at 4.2%, boosting US Dollar and Treasury yields.Fed cut expectations fade as traders reassess outlook ahead of June 17–18 FOMC meeting.Gold price extended its losses for the second consecutive day on Friday but is poised to finish the week with gains of over 1.30% after the latest Nonfarm Payrolls report in the United States (US) was solid, pressuring traders to trim their bets that the Federal Reserve (Fed) will ease monetary policy. At the time of…

The Mexican Peso extends its gains against the US Dollar as markets adopt a ‘risk-on’ sentiment following the easing of US-China tensions.USD/MXN remains in a short-term bearish trend below 19.20.US-Mexico tensions remain in focus next week as Mexico condemns 50% tariffs on steel and aluminium imports to the US.The Mexican Peso (MXN) is experiencing its third consecutive day of gains against the US Dollar (USD) on Friday, pushing the USD/MXN exchange rate to its lowest level in eight months.With the emerging market pair trading near the October low of 19.11, bearish momentum of the short-term trend continues to hold. The…

USD/JPY climbs 0.87% to 144.83, nearing breakout above the Ichimoku Cloud.Strong US jobs report and higher Treasury yields fuel Greenback’s rally.Bulls eye 146.00 and May 29 high at 146.28 as next upside targets.USD/JPY extended its uptrend for two consecutive days, with the major currency pair reaching a new weekly high of 145.09, driven by solid US economic data on Friday. A strong US Nonfarm Payrolls report, rising US Treasury bond yields, and a slightly positive shift on sentiment toward US assets boosted the Greenback. At the time of writing, the pair trades at 144.83, up 0.87%.USD/JPY Price Forecast: Technical outlookThe…

The Dow Jones tested 13-week highs on Friday after NFP jobs data beat the street.China approved rare earth exports to the US, bolstering trader hopes for a continued easing of tariffs.Key US inflation data coming up next week, tariff impacts due to begin leaking into headline data.The Dow Jones Industrial Average (DJIA) briefly tested fresh 13-week peaks on Friday, with equities taking a step higher after Nonfarm Payrolls (NFP) jobs data came in stronger than expected. Trade tensions, or at least market perception of them, are also easing, keeping major indexes broadly bolstered to wrap up an otherwise middling trading…

It’s tragic that we’ve gone backwards in aviation in some ways in the past 30 years. The Concorde was a symbol of progress and it would be wonderful if I live to see the return of supersonic commercial aviation.The fastest trip the plane did from New York to London was 2 hours and 52 minutes.At supersonic speeds, a flight from New York to LA could take as little as two hours. There has been some progress — like the X-59 — in reducing the (very problematic) sonic boom. Later this year, ForexLive.com is evolving into investingLive.com, a new destination for…