Today is that time again – Payroll Friday. The first Friday of the month when, as is traditional, the US labor market report is published.…
AUD/USD rises for the second consecutive day, trading near 0.6514; up 1.20% this week. Australian trade surplus narrows, weaker exports partly offset by upbeat China…
WTI crude oil retreats on Wednesday, trading near $62.05 after failing to hold above $63.00 US data show that crude inventories fell, but gasoline and…
Gold rallies from $3,343 low after ISM and ADP reports confirm US economic slowdown. Trump signs executive order raising metal tariffs to 50%, escalating US-China…
The reason for the significant strengthening of the US Dollar (USD) in September, when Donald Trump’s second term in office was approaching, was obvious. It…
US May’s ISM Manufacturing PMI fell to a fresh six-month low. USD/JPY extends losses on rising demand for the safe-haven Yen. The US Dollar falls…
Better than expected GDP data for Q1 provided a bit of a lift for the CAD Friday. The data saw some marginal repricing of swaps…
European Central Bank (ECB) executive board member Fabio Panetta said on Friday that there is a “reduced room to cut rates further, but the macro outlook…
Silver rises over 1%, with bullish momentum building; key resistance at $33.69 eyed for breakout confirmation. Disappointing US labor data sparks renewed interest in silver…
GBP/USD breaks above 1.3500 and trades near 1.3538, the highest level since February 2022. UK Retail Sales jump 1.2% MoM and 5% YoY in April,…