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XAG/USD up 0.24% on Friday, on track to end week over 3.5% higher.Price surged more than 6% since July 31 low at 50-day SMA of $36.20.Bullish harami pattern confirmed after breaching July 31 high of $37.26.Silver Price advances for the fourth time in the week, poised to end above $38.00 a troy ounce and close to weekly highs of $38.50 as traders prepare for the weekend. Broad US Dollar weakness across the board and increasing bets that the Federal Reserve might reduce rates at the September meeting, supported the grey metal advance.XAG/USD trades with daily gains of 0.24%, set to…

EUR/USD trades at 1.1648, easing 0.14% but holding close to the 1.1700 mark.Reports suggest Trump–Putin meeting next week could lead to ceasefire in Eastern Europe.Euro’s upside capped by stronger USD and speculation over Waller’s potential nomination as next Fed Chair.The EUR/USD consolidates near the week’s highs, shy of testing the 1.1700 figure on a week in whichthe US Dollar is poised to finish the week with over 1.84% losses against its peers. The hangover of last week’s US Nonfarm Payroll figures, and subsequent worse-than-expected employment data, underpins the Euro, due to increasing chances that the Federal Reserve (Fed) will resume…

AUD/USD climbs for the fourth straight day, buoyed by a weaker US Dollar and rising expectations of a September Fed rate cut.Markets are fully pricing in a 25 basis point rate cut by the Reserve Bank of Australia (RBA) on August 12, which would bring the cash rate down to 3.60%.All major Australian banks including ANZ, CBA, NAB and Westpac expect further easing, with year-end rate forecasts around 3.35%.The Australian Dollar (AUD) is consolidating gains against the US Dollar (USD) on Friday, buoyed by weakness in the Greenback amid growing expectations that the Federal Reserve (Fed) will cut interest rates…

The Dow Jones rose slightly on Friday to close out the week on the high side.Equities wrestled with tariffs, earnings and geopolitical headlines this week.Indexes recovered their footing after a choppy midweek pullback.The Dow Jones Industrial Average (DJIA) found a bit of room on the high side on Friday, adding a little over 200 points to close out a back-and-forth week. United States (US) President Donald Trump’s long-awaited tariffs have come into effect, and markets are either bracing for fallout or hoping for another delay, in equal parts.Despite recently tapping record highs near 45,130, the Dow Jones is struggling to…

The Canadian Dollar caught an early decline on Friday, but Greenback declines are squaring Loonie positioning.Canada shed jobs in July after the pace of hiring declined faster than expected.Coming up next week: US CPI inflation figures to dominate market sentiment early.The Canadian Dollar (CAD) stumbled on Friday, falling against the US Dollar (USD) before broad-market Greenback sentiment overtook Loonie positioning to chip away at the USD’s late-week strength. Canadian jobs data came in far below expectations, kicking the legs out from beneath Loonie bulls before general market sentiment continued forcing the US Dollar lower and giving the CAD a mulligan…

USD/CHF trades below 0.8100, stuck in a narrow range amid cautious sentiment.Risk-on mood driven by strong global equities dampens safe-haven demand for CHF.US imposes new import tariffs on 1kg and 100oz Swiss Gold bars, rattling bullion markets.The Swiss Franc (CHF) remains subdued against the US Dollar (USD) on Friday, with USD/CHF hovering in a familiar range established this week, as traders weigh the latest US tariff decision targeting Swiss Gold exports and its potential fallout on Switzerland’s economy and trade relations.At the time of writing, the pair is trading around 0.8080, struggling to break out decisively in either direction amid…

Gold spot steady at $3,397, while Comex futures hit all-time high on US import tariffs.The Financial Times reports US imposed duties on one-kilo Gold bars, citing Customs & Border Protection letter.Markets price in 25 bps Fed cut in September after weak NFP and soft ISM Services PMI employment data.Upcoming US data: CPI, PPI, Retail Sales, Jobless Claims, UoM Sentiment, and multiple Fed speakers.Gold Price steadies in the spot markets, yet the futures reached a record high of $3,534 on reports that the United States (US) will apply tariffs on imports of Gold bars. Besides this, market players continued to digest…

Gold edges lower after hitting a two-week high of $3,409 on Friday.Gold futures soar to record highs after US imposes tariffs on 1-kg and 100-oz Gold bars.Technicals show Gold struggling below $3,400 but holding above key moving averages.Gold (XAU/USD) is trading slightly lower on Friday after peaking at $3,409 earlier in the day, its highest level in two weeks amid a cautious market mood. At the time of writing, the metal is hovering near $3,400 during the American trading session and is on track to post modest weekly gains of around 1%.The precious metal remains underpinned by concerns over the…

GBP/USD trades flat at 1.3437 as Dollar recovers modestly.BoE cuts rates 25 bps in a 5–4 split, signaling a cautious approach; markets see 87% chance of no change in September.Trump administration rumored to favor Fed Governor Christopher Waller to replace Powell in 2026.St. Louis Fed’s Musalem says inflation remains off-target, but job market risks tilt lower.The GBP/USD remains steady during the North American session as the Greenback recovers some ground, even though traders seem convinced that the Bank of England’s (BoE) rate cut on Thursday may be the last during the year. At the time of writing, the pair trades…

EUR/GBP rebounds from a one-week low of 0.8653, trading around 0.8670 on Friday.The BoE cut rates by 25 bps to 4.00% on Thursday in a tight 5–4 vote, signaling a cautious easing path.Chief Economist Huw Pill, who dissented, warned that the current pace of cuts may not be sustainable due to rising inflation risks.The EUR/GBP cross is showing signs of stabilization on Friday, following a slide to a one‑week low of 0.8653 earlier in the day. At the time of writing, the cross is hovering around 0.8672 during American trading hours, as traders digest the aftermath of Thursday’s Bank of…