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Gold hits fresh record highs above $3,600 as safe-haven demand and Fed rate cut bets drive momentum.Markets fully price in a September Fed rate cut after weaker-than-expected NFP, with a 25 bps move seen as certain.Traders eye US PPI and CPI releases this week to gauge whether the Fed delivers a 25 bps rate cut or considers a larger one.Gold (XAU/USD) begins the week on an impressive bullish note, soaring to fresh all-time highs above $3,600 per ounce on Monday. The move extends last week’s rally amid growing conviction that the Federal Reserve (Fed) will cut interest rates at its…

WTI edges lower on Monday, trimming earlier gains after facing stiff resistance near $63.00.OPEC+ agrees to raise output by 137,000 bpd from October 2025, beginning the rollback of 1.65 million bpd in voluntary cuts.The EU is preparing a 19th sanctions package on Russia with the US, targeting banks and Oil trade, adding a geopolitical risk premium.WTI (West Texas Intermediate) Crude Oil edges lower on Monday, trimming earlier gains after a brief rebound from last week’s three-month low. At the time of writing, WTI is trading near $61.80 per barrel during the American session, as traders weigh OPEC+’s modest output hike…

EUR/GBP trades subdued above 0.8660 as markets await France’s confidence vote later on Monday.French PM Bayrou faces likely defeat on €44 billion austerity plan, raising political risk.Eurozone sentiment weakens with the Sentix index plunging to -9.2 in September.The Euro (EUR) is trading under pressure against the British Pound (GBP) on Monday, with EUR/GBP hovering above 0.8660 at the time of writing. The cross remains subdued as traders adopt a wait-and-see stance ahead of a crucial confidence vote in France later on the day.France faces a critical vote of confidence for Prime Minister François Bayrou, who leads a minority government with…

The BLS will release the preliminary benchmark revision to employment data on Tuesday.Markets widely expect the Fed to lower the policy rate multiple times this year.Standard Chartered analysts think the Fed could opt for a 50 bps rate cut next week.The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on Tuesday, September 9.The preliminary revision will cover the 12-month period through March 2025 before the final benchmark revision is reported within the employment report of February 2026.”Official establishment survey estimates are not updated based on this preliminary benchmark…

The USD/CAD outlook indicates a rebound in the Canadian dollar. Canada’s economy lost 65,500 jobs, compared to expectations of 4,900 new jobs. The greenback was also pressured by data showing only 22,000 new jobs in the US. The USD/CAD outlook indicates a rebound in the Canadian dollar after a poor employment report led to a surge in Bank of Canada rate cut bets. The rebound comes as focus shifts to the Fed, which is also under intense pressure to lower borrowing costs. –Are you interested to learn more about MT5 brokers? Check our detailed guide- Data on Friday revealed that…

Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi | Photo Credit: Ravi Choudhary Finance Minister Nirmala Sitharaman has said that the government is keeping a ‘good watch’ on exchange rates, stressing that besides rupee several other currencies have depreciated against the US dollar.“The rupee slide is largely against the dollar, not against any other currencies. That’s also because of the way globally, the dollar has strengthened,” she said when asked if the slide of rupee against greenback is a concern. “This is not the case only with rupee versus dollar, it’s the case with many other…

USD/CHF breaks under 50-day SMA at 0.8020, closing below 0.8000 with momentum favoring further downside.Bears eye 0.7950 and July 23 low at 0.7911, with path open toward year-to-date trough at 0.7872.Buyers must reclaim 0.8000 and 50-day SMA to challenge resistance at 0.8047 and 100-day SMA at 0.8122.The USD/CHF extended its losses on Friday, tumbling below the 50-day Simple Moving Average (SMA) at 0.8020. The release of a worse than expected US Nonfarm Payrolls report, cemented the case for a Fed rate cut at the September meeting. At the time of writing, the pair trades at 0.7980, down 0.94%.USD/CHF Price Forecast:…

The Euro climbs as Nonfarm Payrolls show weak hiring, rising unemployment, and steady wage growth in August.US 2-year Treasury yield tumbles as markets fully price in September rate cut; DXY drops 0.70% to 97.57.Traders eye US CPI next week to confirm disinflation trend, while EU GDP Q2 revised slightly higher.The EUR/USD advanced during the North American session after the latest employment report in the United Sates (US) showed the labor market is deteriorating. Consequently, investors ditched the US Dollar as the first rate cut by the Federal Reserve in 2025 looms. The pair trades at 1.1714, up by 0.50%.US jobs…

The Dow Jones backslid on Friday, falling back below 45,500.NFP job gains came in well below expectations, adding further bets to Fed rate cuts.A steepening decline in job creation has gone too far, overshooting market hopes for rate cuts and reigniting recessionary concerns.The Dow Jones Industrial Average (DJIA) sank on Friday, falling nearly 500 points at its lowest after United States (US) Nonfarm Payrolls (NFP) data showed the US added far fewer jobs than expected, pinning expectations of a Federal Reserve (Fed) interest rate cut on September 17.The latest NFP jobs report showed the US added just 22K net new…

The Canadian Dollar tumbled 0.65% against the US Dollar on Friday.Worse-than-expected NFP jobs data sent investors piling into the Greenback safe haven.Canadian jobs data did no favors for the Loonie, showing a sharp contraction in the labor market.The Canadian Dollar (CAD) soured on Friday, skidding into a fifth consecutive losing day against the US Dollar (USD) after employment figures from both Canada and the United States (US) showed both countries are failing to absorb the negative impacts of US President Donald Trump’s trade war with the rest of the world.Employment data for both Canada and the US soured on Friday…