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The USD/CAD weekly forecast points to increasing economic concerns in Canada. Canada was one of the unlucky countries to fail to sign a trade deal with the US. Data revealed weak US job growth in July. The USD/CAD weekly forecast points to increasing economic concerns in Canada after Trump imposed higher tariffs. Ups and downs of USD/CAD The USD/CAD pair had a bullish week as the loonie weakened amid tariff concerns. At the same time, the dollar gained against most of its peers, further weighing on Canada’s currency. Canada was one of the unlucky countries to fail to sign a…

USD/JPY drops from 150.91 to 147.28 on soft Nonfarm Payrolls.Pair falls below 200-day and 20-day SMAs, RSI turns bearish.Next key support sits at 145.71, where 50- and 100-day SMAs converge.The USD/JPY is set to end the week with losses of 0.18% after a worse-than-expected employment report in the United States (US) opened the gates for safe-haven demand, pushing the Japanese Yen higher. This, along with falling US Treasury yields, sent the pair plummeting more than 2%, from around 150.91 to 147.28. At the time of writing, the pair trades at 147.38, near the weekly lows.USD/JPY Price Forecast: Technical outlookThe USD/JPY…

EUR/USD rallies from 1.1391 to 1.1554, gaining over 1% on Friday.July Nonfarm Payrolls show just 73K jobs added; May–June revisions slash 258K jobs.Fed funds futures price in 62 bps of easing by December; 76% odds of a September rate cut.EU inflation data beats forecasts: HICP at 2.4% YoY, core HICP steady at 2.0%.The EUR/USD surges more than 1% on Friday as the Greenback gets battered on a worse-than-expected jobs report in the United States (US), which triggered investors’ reaction to price in two interest rate cuts by the Federal Reserve (Fed). Data across the pond was shrugged off by traders,…

The Canadian Dollar caught a much-needed boost against the US Dollar on Friday.Bearish Loonie flows reversed direction after the US Dollar took a hit post-NFP.Souring US jobs data has knocked the Greenback sharply lower.The Canadian Dollar (CAD) came out on top after a messy US Nonfarm Payrolls (NFP) release shattered global positioning in the US Dollar (USD) on Friday. The Greenback fell across the board after US net job additions fell well short of expectations, with previous months facing sharp downside revisions. The Loonie has pared some losses against the USD, but still remains down sharply for the week.Canadian Dollar…

The Dow Jones tumbled over 1.85% on Friday peak-to-trough.US NFP jobs figures came in well below expectations alongside steep revisions.A shuddering labor market has reignited hopes for more Fed rate cuts soon.The Dow Jones Industrial Average (DJIA) plummeted almost 2% top-to-bottom on Friday, falling over 800 points from Thursday’s closing bids at its lowest point. Equity markets are scrambling to recover their footing after a disappointing Nonfarm Payrolls (NFP) report that showed the US added far fewer jobs in July than expected.The Dow Jones fell to a five-week low, tapping 43,330 for the first time since late June and running…

WTI Crude Oil falls over 3% intraday on Friday but remains up 2.25% for the week.Geopolitical volatility spikes after US President Trump announces the deployment of nuclear submarines near Russia.Technically, WTI remains trapped in a symmetrical triangle with the price now approaching the lower boundary.West Texas Intermediate (WTI) Crude Oil is under pressure heading into the weekend, with the price sliding over 3% on Friday to trade near $66.70, pulling back from its highest level near $70 since June 23, reached on Wednesday. WTI is trading near $66.67 at the time of writing, down over 3% intraday, as technical resistance…

Gold price rallies to $3,350 after weak US Nonfarm Payrolls report shows just 73K jobs added in July.May–June payrolls revised down by 258K; labor market turmoil supports Fed doves’ push for cuts.Fed funds futures now price 76% odds of a 25 bps rate cut in September.ISM Manufacturing PMI shows sector remains in recessionary territory; UoM Consumer Sentiment deteriorates.Gold price rallies more than 1.50% on Friday following the release of a dismal Nonfarm Payrolls (NFP) report in the United States (US), which showed the jobs market is cooling faster than expected. Also, an escalation of geopolitical risks between Russia and the…

AUD/USD gives up most of its post-NFP gains but remains modestly higher on the day, still on track for its biggest weekly loss since March.The US NFP report showed only 73K jobs added in July, well below the 110K expected.Australia’s Q2 Producer Price Index slowed to 3.4% YoY and 0.7% QoQ, indicating easing input cost pressures.The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, giving back most of its earlier gains despite broad weakness in the Greenback following a disappointing Nonfarm Payrolls (NFP) data. The AUD/USD initially surged nearly 70 pips after US jobs data…

For a number of hours leading to the softer than expected US July labour report, USD/JPY was back to trading above the 150.00 level for the first time since early April, Rabobank’s FX analyst Jane Foley reports. Fed dovish hopes resurface on weaker labor report”The outcome of this week’s Fed and BoJ policy meetings contributed to the move with the Fed being widely interpreted as less dovish than expected and the BoJ as less hawkish. The US jobs report has re-charged Fed easing hopes.” “We expect that USD/JPY can extend today’s move lower on a 3-month view, but that assumes…

Silver reverses early losses on Friday after the Nonfarm Payrolls report came in below expectations.The July NFP report showed that the US economy added just 73,000 jobs, well below the 110,000 forecast.The US Dollar weakens across the board after soft economic data raised expectations of a Fed rate cut in September.Silver (XAG/USD) reverses early losses on Friday and climbs back above the $36.50 mark, buoyed by a broad-based sell-off in the US Dollar (USD) after the latest Nonfarm Payrolls (NFP) report surprised to the downside.The July Nonfarm Payrolls (NFP) report delivered a significant downside surprise. The US Bureau of Labor…