Pound Sterling (GBP) is a little stronger on the session but, again, trends largely reflect the broader tone of the USD rather than any GBP-specific developments, Scotiabank’s Chief FX Strategist Shaun Osborne notes. EUR/GBP rebound nears major trend resistance “Hefty GBP losses versus the EUR this week may draw a veil over the GBP’s longer … Read more
US Nonfarm Payrolls show steady job growth, but Fed remains in no rush to cut rates. Powell reiterates that inflation path will be “bumpy,” keeping policy steady for now. PBoC adds 10 tonnes of Gold in early 2025, while Poland’s NBP purchases 29 tonnes. Gold prices fell on Friday as the Greenback trims some of … Read more
Australian Dollar weakens as disappointing US labor data increases risk-off sentiment. US NFP report came in below forecasts, while wages slowed, raising concerns over economic resilience. China’s trade data revealed weaker imports, amplifying pressure on the Aussie. Technical indicators suggest increasing downside risk as AUD/USD approaches key support levels. The Australian Dollar extended losses on … Read more
AUD/JPY moved lower ahead of the Asian session, extending its losing streak to two days and trading near the 93.00 area. Selling momentum appears to be fading, with technical indicators suggesting that bulls might attempt a rebound or initiate sideways movement. The AUD/JPY pair experienced a second consecutive day of losses on Friday landing at … Read more
Walmart ends Friday session down 3.1%. Executives are getting pushback from Chinese suppliers when asking for discounts. Trump paused most tariffs on Canada and Mexico this week but left in place those on China. NFP miss shows that labor market might be at outset of downturn. The US stock market seesawed on Friday, pulling … Read more
EUR/USD trades firmly around 1.0850 as US official employment data come in softer than expected. US President Trump announced exemptions on more products imported from Canada and Mexico. German debt reforms have forced traders to pare ECB dovish bets. EUR/USD trades firmly around the fresh four-month high of 1.0850 in Friday’s North American session after the release of … Read more