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The Dow Jones found new all-time highs on Friday before trimming gains.US consumer sentiment took an unexpected hit in August.Consumers are beginning to sour on economic outcomes as tariff effects begin to crop up.The Dow Jones Industrial Average (DJIA) surged to record highs early on Friday, touching chart territory north of 45,250 for the first time ever. However, tepid consumer sentiment data and a looming meeting between United States (US) President Donald Trump and Russian President Vladimir Putin are weighing on investor sentiment to wrap up the trading week.The Dow Jones has tapped in a new all-time high of 45,277…

the NZD/USD set for 0.49% weekly loss, trading near 0.5923 after rejection from 0.5994 resistance.Pair slips below 50 and 100-day SMAs, turning them into key short-term resistance levels.RSI momentum shifts bearish, opening the path toward 0.5900 and August lows near 0.5856.The New Zealand Dollar (NZD) halted its rally and turned negative, poised to finish 0.49% down in the week, after failing to clear key resistance levels, which paved the way for a drop towards the weekly lows near 0.5900. NZD/USD trades at 0.5923, down 0.09%.NZD/USD Price Forecast: Technical outlookFrom a daily chart perspective, the pair trades sideways to downward biased…

United States (US) President Donald Trump has landed in Alaska, as he gears up for his sit-down meeting with Russian President Vladimir Putin to negotiate a peace deal between Russia and Ukraine. Ukrainian President Volodimir Zelenskiy is not in attendance.According to market rumors, President Trump is prepared to offer Russia “rare earth minerals” access, ostensibly in Alaska, in exchange for some sort of ceasefire package with Ukraine. This runs counter to most of Trump’s presidency, who has been consistently worrying publicly about other countries taking advantage of or otherwise disregarding US rare earth markets.Trump reiterated that stock markets are doing…

EUR/USD rises 0.47% to 1.1702, shrugging off in-line July US Retail Sales and upward June revision.Market focus on Trump–Putin summit in Anchorage; analysts skeptical about securing Ukraine ceasefire.UBS sees EUR/USD reaching 1.21 by year-end if truce achieved.US consumer sentiment weakens in August amid inflation fears despite strong spending data.EUR/USD reverses its course, climbs on Friday, ignoring solid US Retail Sales data due to market participants still pricing in a Federal Reserve (Fed) rate cut in September. The pair trades at 1.1702, up 0.47%.The market’s attention turned to Anchorage, Alaska, for the summit of US President Donald Trump and Russian President…

XAG/USD attempts recovery after hitting a four-day low of $37.69 but remains down nearly 1% for the week.The US Dollar softens amid mixed economic data, while rising US Treasury yields continue to limit Silver’s upside.Geopolitical focus shifts to the Trump–Putin summit in Alaska scheduled to begin later on Friday.Silver (XAG/USD) is attempting a mild recovery on Friday after sliding to a four-day low of $37.69. The rebound comes amid some softness in the US Dollar, which is losing traction following mixed US economic data this week. However, despite the intraday bounce, the white metal remains on track for a weekly…

XAU/USD rises 0.17% to $3,340, trapped between $3,330 and $3,350 since late Thursday’s session.US Dollar fails to rally after in-line July Retail Sales and upward June revision; sentiment weakens, inflation expectations rise.US Dollar Index drops 0.37% to 97.83, while high Treasury yields cap Gold’s upside momentum.Gold price (XAU/USD) holds firm during the North American session as market participants await the outcome of the meeting between US President Donald Trump and his counterpart, Russian President Vladimir Putin. Traders shrugged off in-line US Retail Sales figures, which failed to propel the US Dollar. The XAU/USD trades at $3,340, up 0.17%.The golden metal…

USD/JPY drops toward 147.00, down nearly 0.50% on the day, as the Yen gains on growth optimism and broad US Dollar weakness.Japan Q2 GDP beats expectations, rising 0.3% QoQ and 1.0% annualized, driven by capital expenditure and exports.US Retail Sales slow to 0.5% MoM in July and Industrial Production contracts by 0.1%.The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Friday, with USD/JPY extending its intraday decline during the American session, supported by stronger domestic growth data and signs of softening momentum in the US economy.At the time of writing, the pair is trading near 147.00, retreating from…

USD/CHF edges lower toward 0.8050 as soft US data keeps the Greenback on the defensive.US Retail Sales rose 0.5% MoM and 3.9% YoY in July, slowing from the previous month and pointing to a deceleration in household spending.Switzerland’s GDP grew 0.1% in Q2, slowing sharply from 0.8% in Q1 as US tariffs weighed on external demand.The Swiss Franc (CHF) gains ground against the US Dollar (USD) on Friday, with the USD/CHF pair easing toward the key 0.8050 level during the American session, as the latest round of US economic data reveals growing cracks in domestic demand, keeping the Greenback under…

AUD/USD is up 0.36% to 0.6519 after bouncing from 0.6488 low.US July Retail Sales up 0.5% MoM, driven more by prices than higher volumes.UoM Consumer Sentiment falls to 58.6 as inflation expectations jump to 4.9% (1-year) and 3.9% (5-year).AUD/USD advances earlier on Friday during the North American session as the Greenback trims some of its gains achieved post-hot PPI figures on Thursday, even though Retail Sales hint that the US economy is solid. The pair trades at 0.6519 after bouncing off daily lows of 0.6488.Aussie lifts off daily lows as weak consumer sentiment offsets strong US spending dataMarket mood remains…

Gold is treading water on Friday, supported by a softer US Dollar, but stays near a two-week low as rising Treasury yields cap gains.Markets eye the Trump-Putin summit in Alaska and key US data releases, including US Retail Sales and the University of Michigan Consumer Sentiment Index.The technical setup stays bearish, with XAU/USD struggling below $3,350 and momentum indicators pointing to mild downside pressure.Gold (XAU/USD) struggles to gain traction on Friday, despite a weaker US Dollar (USD), as mixed US macroeconomic data keeps investors cautious. The metal trades in a narrow range near a two-week low, with prices hovering around…