The Australian Dollar weakens as traders adopt caution ahead of Friday’s Nonfarm Payrolls release. The AUD may find support after Trump exempted Mexican and Canadian goods under the USMCA from his proposed 25% tariffs. US NFP is expected to increase to 160K in February, up from January’s softer reading of 143K. The Australian Dollar (AUD) … Read more
Silver consolidates in a range as bulls opt to wait for the release of the US NFP report. The setup suggests that the path of least resistance for the XAU/USD is to the upside. Any corrective pullback might still be seen as a buying opportunity and remain limited. Silver (XAG/USD) oscillates in a narrow band … Read more
Chinese Foreign Minister Wang Yi spoke on the sidelines of the National People’s Congress (NPC) in Beijing on Friday. Wang said that the abuse of fentanyl is an issue that the US has to solve. Key quotes If one side exerts pressure, China will resolutely counter that. The US and China have broad common interests … Read more
NZD/USD holds losses due to market caution ahead of the release of China’s trade data on Friday. Trump exempted Mexican and Canadian goods under the USMCA from his proposed 25% tariffs. US NFP is expected to increase to 160K in February, up from January’s softer reading of 143K. NZD/USD halts its four-day losing streak, trading … Read more
EUR/USD overextended its recent bull run, getting rejected from 1.0850. ECB rate cut forecasts have plummeted, prompting an FX rebalance. US NFP net jobs additions figures loom large on Friday. EUR/USD tried to stretch for a fourth straight day of gains, but markets are drawing into the middle ahead of Friday’s key US Nonfarm Payrolls … Read more
Canada’s Finance Minister Dominic LeBlanc stated late Thursday that the country will delay its second wave of retaliatory tariffs on $125 billion in US products until April 2. However, there was no sign that Canada will remove the existing $30 billion tariffs, per Reuters. US President Donald Trump issued an executive order earlier in the … Read more