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The Canadian Dollar firmed up on Friday, but Greenback flows rallied harder, driving a rebound in USD/CAD.US NFP net job gains came in stronger than expected, overshadowing Canadian job numbers.Key post-tariff US CPI inflation figures loom large next week; Canadian data docket runs out of gas.The Canadian Dollar (CAD) saw firm gains in employment figures on Friday, with an overall net increase in Canadian employment thumping median market forecasts for a contraction. However, a stronger-than-expected US Nonfarm Payrolls (NFP) print eclipsed Canadian economic data, giving the US Dollar (USD) a much-needed rebound.The Canadian economic data docket is slim next week,…

Euro failed to capitalize on upbeat GDP and retail sales; ECB rate cut seen as nearing its limit.The US economy added 139K jobs in May, the second-highest in 2025, with the jobless rate steady at 4.2%.Hot labor data boosted US Dollar and Treasury yields, dampening Fed rate cut hopes.EUR/USD trip down extends its losses on Friday after hitting a six-week high near 1.1500 as Nonfarm Payroll figures in the United States (US) came in stronger than expected despite cooling off. The print prompted investors to price in a less dovish Federal Reserve (Fed), while the Euro (EUR) failed to gain…

XAU/USD falls after strong NFP data cuts rate cut hopes, but holds weekly gain above 1.30%.US adds 139K jobs in May; Unemployment Rate steady at 4.2%, boosting US Dollar and Treasury yields.Fed cut expectations fade as traders reassess outlook ahead of June 17–18 FOMC meeting.Gold price extended its losses for the second consecutive day on Friday but is poised to finish the week with gains of over 1.30% after the latest Nonfarm Payrolls report in the United States (US) was solid, pressuring traders to trim their bets that the Federal Reserve (Fed) will ease monetary policy. At the time of…

The Mexican Peso extends its gains against the US Dollar as markets adopt a ‘risk-on’ sentiment following the easing of US-China tensions.USD/MXN remains in a short-term bearish trend below 19.20.US-Mexico tensions remain in focus next week as Mexico condemns 50% tariffs on steel and aluminium imports to the US.The Mexican Peso (MXN) is experiencing its third consecutive day of gains against the US Dollar (USD) on Friday, pushing the USD/MXN exchange rate to its lowest level in eight months.With the emerging market pair trading near the October low of 19.11, bearish momentum of the short-term trend continues to hold. The…

USD/JPY climbs 0.87% to 144.83, nearing breakout above the Ichimoku Cloud.Strong US jobs report and higher Treasury yields fuel Greenback’s rally.Bulls eye 146.00 and May 29 high at 146.28 as next upside targets.USD/JPY extended its uptrend for two consecutive days, with the major currency pair reaching a new weekly high of 145.09, driven by solid US economic data on Friday. A strong US Nonfarm Payrolls report, rising US Treasury bond yields, and a slightly positive shift on sentiment toward US assets boosted the Greenback. At the time of writing, the pair trades at 144.83, up 0.87%.USD/JPY Price Forecast: Technical outlookThe…

The Dow Jones tested 13-week highs on Friday after NFP jobs data beat the street.China approved rare earth exports to the US, bolstering trader hopes for a continued easing of tariffs.Key US inflation data coming up next week, tariff impacts due to begin leaking into headline data.The Dow Jones Industrial Average (DJIA) briefly tested fresh 13-week peaks on Friday, with equities taking a step higher after Nonfarm Payrolls (NFP) jobs data came in stronger than expected. Trade tensions, or at least market perception of them, are also easing, keeping major indexes broadly bolstered to wrap up an otherwise middling trading…

Sterling still set for weekly gain over 0.80% amid broad Greenback weakness earlier in the week.US economy added 139K jobs in May, beating forecasts and reinforcing Fed’s cautious stance on rate cuts.Dollar strength resurfaces, with DXY climbing 0.58% to 99.28, its highest in two days.GBP/USD tumbled during the North American session, down over 0.30% after the latest jobs report in the United States (US) maintained the status quo, with the economy remaining strong. The pair traded at 1.3526 after hitting a daily high of 1.3586.Pound retreats below 1.3550 after NFP beats estimates, lifting the US Dollar and dampening dovish expectationsUS…

US NFP labor report eases expectations of a Fed rate cut, pushing XAU/USD prices lower.USD receives a boost from easing US-China tensions and better-than-expected US employment data on Friday, capping Gold gains.Gold prices threaten channel support with psychological resistance at $3,350.Gold prices are extending losses against the US Dollar (USD) on Friday, falling below prior psychological support, now resistance, at $3,350, after the US Nonfarm Payrolls (NFP) report showed a resilient labour market.After a week of data suggesting a softening US labor market, the Nonfarm Payrolls (NFP) report for May surprised to the upside. The US economy added 139,000 new…

United States (US) President Donald Trump took to social media on Friday to call upon Federal Reserve (Fed) Chairman Jerome Powell to lower interest rates.”There is virtually no inflation (anymore), but if it should come back, raise ‘rate’ to counter. Very simple!!! He is costing our country a fortune. Borrowing costs should be much lower,” Trump said on Truth Social.Earlier in the day, the data published by the US Bureau of Labor Statistics (BLS) showed that Nonfarm Payrolls rose by 139,000 in May. On a concerning note, the BLS noted that total Nonfarm Payroll employment for March and April was…

Like a thief in the night, Silver prices broke through $35/oz. Last time Silver broke this range, it took roughly 6 weeks to trade $50/oz, TDS’ Senior Commodity Strategist Daniel Ghali notes. No guarantees in Silver rally as ETF flows near extremes”We highlighted this breakout was 1) related to futures-driven flows, 2) which transacted across several metals simultaneously, and 3) was traded over the Asia session but appears unrelated to the largest Chinese traders in SHFE Silver. There’s nothing wrong with a good old-fashioned futures-led breakout, but the psychologically-relevant break must attract subsequent inflows for momentum to persist.” “Chinese trader…