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Forex
Silver Price Forecast: XAG/USD shines near $37.00 as breakout fuels bulls
Silver climbs 0.86%, eyes YTD high at $37.31 after clearing key $36.83 level.Breakout above neckline of double-bottom hints at bullish continuation.Next…
GBP/USD grapples with recovery ahead of quiet end to the week
GBP/USD pumped the brakes on a near-term bearish turnaround.US NFP numbers cooled market fears after thumping forecasts.US holiday Friday will make for a quiet…
Gold sinks as blowup NFP shatters Fed cut narrative
Gold tumbles 0.80% to $3,332 as robust jobs data lifts US Dollar.Unemployment Rate nears 4%, challenging weak hiring seen in ADP report.Traders now price in…
EUR/USD tumbles as US NFP report bolsters current Fed policy
EUR/USD drops below 1.1750 after US NFP beats estimates.The Fed’s wait-and-see stance to remain as US economy adds more jobs than expected in June.ECB Minutes…
PBOC sets USD/CNY reference rate at 7.1535 vs. 7.1523 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1535 as compared to the previous day's fix of…
US President Trump: Will begin sending letters on trade tariffs starting Friday
US President Donald Trump said late Thursday that he “will begin sending letters on trade tariffs starting Friday.”He added that “sending letters is easier…
USD/CAD struggles below 1.3600, over two-week low; bears not ready to give up yet
USD/CAD struggles to register any meaningful recovery and hangs near a multi-week low.US fiscal concerns cap the post-NFP USD rally and act as a headwind for…
WTI falls to near $66.00 due to concerns over weakening Oil demand
WTI price drops as concerns over weakening oil demand rise amid decreasing odds of Fed rate cuts.The US NFP showed 147,000 new jobs added, while the…
NZD/USD moves little around 0.6050 as traders seek clarity on Trump’s plans for tariffs
NZD/USD faces challenges as concerns over weakening oil demand rise amid decreasing odds of Fed rate cuts.The US NFP showed 147,000 new jobs added, while the…
EUR/USD wobbles around 1.1760 amid holiday in US on account of Independence Day
EUR/USD trades sideways around 1.1760 in a holiday-thinned trade.Better-than-projected US NFP data has offered some relief to the US Dollar.Risks to inflation…