Author: admin

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…

American consumer confidence lost momentum in early August, as households grew more pessimistic about current conditions and the broader economic outlook, according to preliminary data from the University of Michigan.The closely watched Consumer Sentiment Index dropped to 58.6 from 61.7 in July, missing economists’ expectations and signalling a poor backdrop in public confidence.Furthermore, the Current Conditions index fell to 60.9 from 68.0, while the Expectations gauge eased to 57.2 from 57.7, highlighting some change of view regarding the months ahead.Inflation expectations, meanwhile, ticked higher. The one-year outlook picked up pace to 4.9% from 4.5%, and the five-year forecast increased to…

GBP/USD rises above 1.1350 as the US Dollar weakens after mixed economic data.US Retail Sales YoY eased to 3.9%, down from 4.4% previously, suggesting a moderation in household spending activity.Consumer Expectations Index rose slightly to 57.2, beating forecasts of 56.5.The British Pound (GBP) gains traction against the US Dollar (USD) on Friday as the Greenback came under pressure following mixed US economic data, with GBP/USD paring most of Thursday’s losses. At the time of writing, the pair is trading near 1.1356 during the American trading hours.The latest US data released earlier on Friday offered little clarity on the economic outlook.…

The USD/JPY outlook indicates increasing expectations for Bank of Japan rate hikes. Data on Friday revealed that Japan’s economy expanded by 1.0%. Fed rate cut bets eased slightly after upbeat wholesale inflation figures. The USD/JPY outlook indicates increasing expectations for Bank of Japan rate hikes after upbeat GDP data from Japan. As a result, the yen gained against the dollar. However, data in the previous session revealed that US wholesale inflation rose by the most in three years in July. –Are you interested to learn more about ECN brokers? Check our detailed guide- Data on Friday revealed that Japan’s economy…

The dollar held on to previous session gains on Friday after hotter than expected inflation data prompted traders to trim wagers on rate cuts by the U.S. Federal Reserve. The euro and sterling were steady against the dollar after falling 0.5% and 0.3% on Thursday, respectively, while the Japanese yen rose 0.3% to 147.395 following stronger-than-expected GDP data for the second quarter. Overnight, markets had to contend with U.S. producer prices showing the quickest rise in three years in July amid a surge in the costs of goods and services, pointing to a broad pick up in inflationary pressures which…