Author: FX

US Dollar Index (DXY) falls to 99.47 after a false break at the 100.00 level.Nonfarm Payrolls rise by 177,000, surpassing estimates but showing a slowdown in growth.The Australian Dollar strengthens, trading near 0.6430 amid easing trade tensions with China.The AUD/USD pair sees gains on Friday, strengthening to near 0.6430 as the US Dollar softens. After a disappointing false break of the 100.00 level for the US Dollar Index (DXY), the Aussie benefits from improved sentiment surrounding US-China trade negotiations and a solid, yet slowing, jobs report in the US. While the market remains cautious, hopes for a resolution in the…

The AUDUSD made a strong push higher this week, breaking above a key swing area between 0.6429 and 0.64419, and stretching to test the 200-day moving average near 0.64614. The bullish momentum even briefly took the price above 0.64687, but buyers could not sustain the move, and the breakout failed.The pair is now backing off from those highs, putting pressure back on the former resistance-turned-support zone between 0.6429 and 0.64419. This area will be critical going forward. If buyers are to maintain short-term control, they must defend this zone on any dip.A break back below 0.6429 would weaken the bullish…

Consumers Energy Company Cum Pfd Shs declares $1.125 dividend Source link

Goldman Sachs expects OPEC+ to announce a second consecutive 0.41M BPD increase in supply for JuneSee Brent averaging $63 in 2025. Crude $59Sees Brent averaging $58 in 2026. Crude $55Crude oil is trading at $58.30 down $-0.95 or -1.60%. For the trading week, the price is down $-4.75 or -7.53%. This article was written by Greg Michalowski at www.forexlive.com. Source link

Gold dailyANZ sees the recent retreat in gold prices from record highs as a healthy correction. Despite improved US-China trade sentiment, the medium-term macro backdrop—characterized by persistent tariff risks, rising inflation expectations, and slowing growth—remains supportive for gold. ANZ maintains a year-end target of USD 3,600/oz, with USD 3,000–3,200/oz identified as a potential buy zone.Key Points:Recent Pullback from Highs:Macro Conditions Still Fragile:Q1 US GDP contracted by 0.3% (saar)—the first Q1 contraction since 2022.Fed’s Beige Book cited trade-related economic uncertainty; inflation expectations rose to 6.7% due to tariff-induced cost pressures.Monetary Policy & Real Rates:Market now expects up to 100bp of Fed…

April Nonfarm Payrolls beat consensus at 177K; Unemployment Rate steady at 4.2%, easing recession concerns.Trump pressures Fed to cut rates despite upbeat data; CBOT shows 88 bps of easing priced in.Apple and Amazon fall on China sales miss and cloud growth slowdown despite beating EPS forecasts.The Dow Jones Industrial Average (DJIA) rallied over 600 points, or over 1.65%, on Friday following a solid US jobs report that brushed aside fears that the largest economy in the world is tied into a recession. The Dow is set to end the week with gains of over 3% and, at the time of…

Here is a great chart from Brett Donnelly highlighting today’s 9-day winning streak in the S&P 500 (which is likely to hold given the 1.6% gain so far).It’s the first 9-day run since 2005 and another day of gains would take us back to 1996. The record was a 14-day winning streak that ended on April 15, 1971.Looking at this chart though, I’m struck by how few of the nine-day streaks turned into 10-day streaks. This article was written by Adam Button at www.forexlive.com. Source link

OPEC+ reportedly discussing a June production increase of approximately 400,000 barrels per day (BPD) according to Bloomberg delegates.The group has moved its meeting forward to May 3 (originally May 5) to discuss June output plans, per Reuters.Market expectations suggest OPEC+ will continue adding supply in June, with a consensus forming around a 411k BPD increase.The planned increase maintains the accelerated pace of additions, according to Amena Bakr. This article was written by Greg Michalowski at www.forexlive.com. Source link

EUR/CAD trades around the 1.5600 zone following a quiet Friday session post-Europe.Bullish structure holds, though short-term momentum indicators remain mixed.Long-term trend indicators favor upside while near-term resistance levels begin to cap price.The EUR/CAD pair hovered near the 1.5600 zone on Friday after the European session, showing little change on the day but maintaining a steady bullish bias overall. Price action remains confined to the middle of the daily range, reflecting ongoing consolidation. While short-term signals show hesitation, the broader outlook is supported by strong trend-based indicators positioned below current levels.From a technical standpoint, EUR/CAD retains a bullish posture, albeit with…

The major European indices are closing higher for the day and higher for the week. The indices are now up for the third consecutive week.A snapshot of the closing levels shows: German DAX rose 2.62%. For the trading week the index was up 3.8% last week the index rose 4.89%Francis CAC rose 2.33%. For the trading week the index rose 3.11%.UK FTSE 100 rose 1.17%. For the week the index rose 2.15%Spain’s Ibex rose 1.20%. For the week the index rose 0.68%, but closed at its highest level going back to 2008Italy’s FTSE MIB rose 1.92%. For the week the…