Author: FX
May 02, 2025 7:53 PM ETUnited States Oil Fund, LP ETF (USO), XLENPKI, UCO, HL, OIS, GTLS, CSIQ, DBO, WLK, UNG, FCG, SUNE, USL, SCO, UNL, DQ, BNO, PROP, BOIL, KOLD, GUSH, DRIP, BE, VVPR, USOI, HPK, CO1:COM, NG1:COM, CL1:COM, MAXN, LITM, USARBy: Carl Surran, SA News EditorSlavkoSereda/iStock via Getty ImagesCrude oil fell Friday to end a second straight weekly loss, as key OPEC+ members reportedly are discussing another production increase of ~400K bbl/day in June ahead of a video conference to set policy on Saturday, moved up from the expected May Source link
US military creates new military zone along border with Mexico Source link
AUD/NZD was seen around the upper end of its daily range on Friday.The pair maintains a bullish outlook supported by short-term trend signals.Technicals show mixed bias across indicators, with resistance seen above and long-term averages still pressuring.AUD/NZD is displaying upward momentum ahead on Friday’s session, trading near the top of its daily range and not far from the 1.0800 zone. The pair has gained on the day, extending its bullish push while short-term indicators strengthen this outlook. A buy signal from the MACD and support from short-term moving averages help confirm the bias, although some indicators like the RSI and…
The pair trades near 145.00, correcting from recent highs amid renewed Dollar softness.NFP beats expectations at 177K, but weak ISM and GDP data revive Fed rate cut bets.Bearish bias persists; key resistance at 145.52 and support at 144.42 with neutral RSI and MACD.USD/JPY pulls back toward the 145.00 area on Friday after extending gains earlier in the week. The pair loses momentum in tandem with the US Dollar, which fell below 99.50 following a firm rejection at the 100.00 level. This decline comes as markets digest mixed macro data and renewed trade headlines, including China’s signal to open tariff talks…
USD/MXN flats near 19.58 as soft Mexican manufacturing and Banxico’s dovish tilt weigh against strong US jobs data.Mexico’s dismal data suggests the economic slowdown might continue as PMI hits three-year low, business confidence deteriorates.Banxico is seen cutting rates in May, widening policy gap with Fed and pressuring Peso outlook.The Mexican Peso (MXN) remained firm against the US Dollar (USD), though it is poised to finish the week with losses of over 0.40% after economic data revealed in Mexico painted a gloomy economic outlook, despite the fact that the economy surprisingly grew in the first quarter of 2025. Also, solid US…
EUR/JPY trades near the 164.00 zone after a modest pullback ahead of the Asian session.Overall bias stays bullish, with trend indicators aligned to the upside.Support levels hold below while short-term indicators remain neutral.The EUR/JPY pair edged slightly lower on Friday but continues to trade near the 164.00 zone as the market transitions into the Asian session. While price action eased from recent highs, the pair remains comfortably within the mid-range of the day’s movement. The pullback hasn’t altered the broader bullish outlook, which is supported by rising trend-based indicators across multiple timeframes.Technically, EUR/JPY maintains its bullish stance. The Moving Average…
Markets:Gold down $4.80 or -0.15% at $3234.11WTI crude oil down $0.74 or -1.29% at $58.50In the US stock market, the S&P closed higher for the ninth consecutive day. For the trading day:Dow industrial average rose 564 points or 1.39% at 41317.43S&P index rose 82.54 points or 1.47% at 5686.65.NASDAQ index rose to 66.99 points or 1.51% at 17977.73For the week:Dow industrial average rose 3.00%S&P index rose 2.92%NASDAQ index rose 3.42%in the US debt market, yields moved higher after the better-than-expected US jobs report and solid factory orders:2 year yield 3.823%, +12.3 basis points5 year yield 3.914%, +10.2 basis points.10 year…
The S&P is closing higher for the ninth consecutive day. Since bottoming on April 21, the index is up 11.48%. Looking at the other major indices, the NASDAQ index is up 14.61%, and the Dow is up 9.22% over the same period.For the day, the:Dow industrial average rose 564 points or 1.39% at 41317.43S&P index rose 82.54 points or 1.47% at 5686.65.NASDAQ index rose to 66.99 points or 1.51% at 17977.73For the week:Dow industrial average rose 3.00%S&P index rose 2.92%NASDAQ index rose 3.42%Looking at some of the individual stocks, Meta Platforms, and Microsoft beat expectations and were positive on for…
GBP/USD rebounds despite strong US NFP report, market doubt immediate Fed cuts The Pound Sterling (GBP) is advancing for the first time in the last four days and bounced off weekly lows against the Greenback, although an upbeat jobs report in the United States (US) decreased fears of a recession in the largest economy. Nevertheless, the US Dollar (USD) failed to gain ground, as depicted by GBP/USD trading at 1.3321, up 0.39%.Read More… Pound Sterling gives back majority gains against US Dollar on upbeat US NFP The Pound Sterling (GBP) is off from the day’s high of 1.3320 against the…
XAU/USD slumps, set to lose over 2.5% weekly as traders scale back Fed rate cut bets and risk appetite improves.April NFP beats estimates; unemployment steady at 4.2%, curbing aggressive Fed easing expectations.China says the US is open to trade talks, boosting sentiment and pressuring Gold.Gold (XAU/USD) price edged down over 0.35% on Friday, poised to end the week with losses of over 2.50%. An improvement in risk appetite due to easing trade tensions alongside a strong labor market report in the United States (US) prompted investors to book profits ahead of the weekend. At the time of writing, XAU/USD trades…