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Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Friday that the latest round of US Nonfarm Payrolls (NFP) jobs data, including revisions, is certainly cause for rate conversation at the Fed, but inflation metrics are still an ingoing concern, especially as the Trump administration ramps tariffs up further.Key highlightsJobs data was significant, revisions were the bigger story.Jobs market slowing from strong levels.Still need to determine what trend of hiring will be.Into this week the bigger risk was on the inflation front.Risk on jobs front may be coming into better balance with inflation risks.Bostic doesn’t think jobs data…

The USD/CAD outlook indicates a sudden shift in sentiment. The US economy added only 73,000 jobs in July. Trump imposed a 35% tariff on Canada after the two countries failed to reach a trade deal. The USD/CAD outlook indicates a sudden shift in sentiment after the US released a poor monthly employment report. Nevertheless, fundamentals still point to further weakness for the loonie after Trump imposed a 35% tariff on Canada.  -If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- The US economy added only 73,000 jobs in July. This is almost half of the previous…

Gold surges to $3,350, up nearly 2.0%, following a weaker-than-expected July NFP report.The US economy adds 73K jobs, missing the consensus of 110K.US President Donald Trump’s sweeping tariff executive order renews trade tensions, limiting Gold’s downside.Gold (XAU/USD) surges to $3,350 on Friday after a weaker-than-expected US Nonfarm Payrolls (NFP) report triggers a broad US Dollar sell-off and revives Fed rate cut bets. The yellow metal had been treading water near $3,300 during European trading hours, pressured by a firm US Dollar and the Fed’s data-dependent hawkish stance.However, the disappointing July NFP print triggered a sharp repricing in rate expectations, with…

The Greenback reverses part of its recent pullback on Friday.US Nonfarm Payrolls disappointed estimates at 73K in July.Next on tap on the US docket will be the ISM Manufacturing PMI.The Greenback, when tracked by the US Dollar Index (DXY), rapidly left behind the area of recent lows and slipped back to the vicinity of the 99.00 neighbourhood at the end of the week.Door open to a rate cut in September?Indeed, the index lost momentum after the US economy created 73K jobs iJuly, and the unemployment rate ticked a tad higher to 4.2%, while average hourly earnings—a proxy for inflation—rose to…

EUR/USD jumps over 150 pips, rising from 1.1391 to 1.1556 post-NFP release.The US economy added just 73K jobs in July, well below the 110K forecast.Unemployment Rate ticks up to 4.2%, in line with expectations.The Euro (EUR) reverses sharply against the US Dollar (USD) on Friday after the July Nonfarm Payrolls (NFP) report surprised to the downside, catching markets off guard. The pair had been under pressure throughout the week, trading on the back foot as the US Dollar held firm on robust economic data and hawkish Federal Reserve (Fed) outlook.EUR/USD surges nearly 150 pips from near multi-week lows following the…

USD/CAD reversed its direction and dropped below 1.3800 on Friday.The USD came under strong selling pressure after dismal employment data.Trump administration raised the tariff rate on Canadian imports to 35%.The Canadian Dollar (CAD) erased a portion of its weekly losses against the US Dollar (USD) on Friday following the disappointing July employment report from the US. At the time of press, the USD/CAD pair was trading at 1.3795, losing about 0.5% on a daily basis.USD slumps as markets lean toward a September Fed rate cutThe monthly data published by the US Bureau of Labor Statistics (BLS) showed on Friday that…

AUD/USD bounces strongly to the upper-0.6400s after July’s US NFP.The US Dollar loses its shine as traders see a potential Fed rate cut in September.The final S&P Global Manufacturing PMI in Australia remained strong in July.The now widespread recovery in the risk-linked galaxy lends extra oxygen to the Australian Dollar (AUD), sending AUD/USD back to the proximity of the key resistance area around 0.6500 on Friday.AUD/USD meets support near 0.6400The pair advances to two-day highs within the 0.6480-0.6490 range, marking a positive end to the week, as it gains strong momentum following the disappointing US Nonfarm Payrolls report for July…

The rupee appreciated 12 paise to close at 87.53 (provisional) against the US dollar on Friday, on lower crude prices and suspected RBI interventions as US President Donald Trump’s sweeping new tariffs triggered fresh concerns over a much wider disruption in the global trade landscape. Forex traders said the US’ imposition of a 25 per cent tariff on Indian exports triggered risk-off sentiment and heightened concerns regarding further rupee depreciation. On Wednesday, Trump announced the 25 per cent tariff on India and an additional penalty for New Delhi’s purchases from Russia. While August 1 was the tariff implementation deadline, the…

The Indian rupee nudged higher on Friday, supported by likely intervention from the Reserve Bank of India, but still logged its worst weekly drop since late 2022 due to worries over U.S. tariffs and sustained foreign portfolio outflows. The rupee closed at 87.5300 against the U.S. dollar on Friday, a tad higher than its close at 87.5950 in the previous session. On the week, the currency declined 1.2%, its worst performance since December 2022. The South-Asian currency fell to 87.74 on Thursday, just shy of its all-time low of 87.95 in February, following President Donald Trump’s announcement of a steeper-than-expected…

Foreign portfolio outflows have also been a consistent pain point for the rupee as overseas investors remained net sellers of Indian stocks over the last nine consecutive trading sessions | Photo Credit: spawns The Indian rupee found its footing on Friday after slipping to within striking distance of a record low in the previous session, as firm intervention by the central bank and a cutting of short bets against the currency helped it stabilise.The rupee strengthened to 87.3025 against the U.S. dollar as of 11:00 a.m. IST, up 0.3% on the day, following 12 consecutive sessions of either logging a…