XAU/USD rises 0.75% as traders price in lower oil prices and inflation relief from potential Middle East peace efforts. Gold prices climbed 0.75% to $4,711 on Friday, recovering from daily lows of $4,673, as optimism over Middle East conflict resolution weighed on the US D
USD/CHF trades on the back foot on Friday and is set for a second straight weekly decline amid broad-based weakness in the US Dollar (USD). At the time of writing, the pair is trading around 0.7773, hovering near two-month lows Price action continues to be driven by
The AUDUSD fell sharply yesterday, breaking back below a key ceiling/floor zone between 0.7221 and 0.7227. That bearish break helped push the pair down toward the next swing area support between 0.7193 and 0.7200 In early Asian-Pacific trading, buyers leaned against
Sellers emerged as the currency pair failed to break above critical technical levels following mixed US and Canadian jobs data. USDCAD climbed to a session high of 1.3710 after stronger-than-expected US jobs data contrasted with weaker Canadian employment figures. The pair
The major European indices are closing mostly lower: German DAX, -1.44%. France's CAC -1.09% UK's FTSE 100 -0.43% Spain's Ibex -0.95% Italy's FTSE MIB unchanged For the trading week: German DAX, +0.06% France's CAC -0.03% UK's FTSE 100 -1.26% Spain's Ibex +0.61% Italy's FT
Geopolitical risks in the Strait of Hormuz drive demand for the euro despite robust US employment figures limiting Fed rate cut expectations. EUR/USD climbed to 1.1775 during the North American session, reversing earlier losses as escalating tensions in the Middle East too
Geopolitical risks in the Strait of Hormuz lift the euro despite April’s US payrolls beating forecasts of 62K with 115K jobs added. EUR/USD climbed 0.44% to 1.1775 as escalating tensions in the Strait of Hormuz outweighed a robust US jobs report. The pair gained despite so
Silver Price Forecast: XAG/USD rallies on strong US jobs report, weaker Dollar Silver (XAG/USD) trades around $80.70 on Friday at the time of writing, up 2.98% on the day, supported by a weaker US Dollar (USD) and persistent demand for safe-haven assets amid heightened...
XAG/USD jumps nearly 3% after April payrolls beat forecasts but wage growth misses expectations, weighing on the Dollar. Silver prices climbed to $80.70, rising 2.98% on Friday, driven by a weaker US Dollar and safe-haven demand amid geopolitical risks. The rally follows a
April US jobs data showed 115K additions, beating forecasts, while softer wage growth weighed on the USD. The AUD/USD pair climbed above 0.7240 on Friday, driven by a mix of softer US wage growth and heightened Middle East tensions. US Nonfarm Payrolls rose by 115K in Apri