Author: admin

The USD/CAD outlook indicates a rebound in the Canadian dollar. Canada’s economy lost 65,500 jobs, compared to expectations of 4,900 new jobs. The greenback was also pressured by data showing only 22,000 new jobs in the US. The USD/CAD outlook indicates a rebound in the Canadian dollar after a poor employment report led to a surge in Bank of Canada rate cut bets. The rebound comes as focus shifts to the Fed, which is also under intense pressure to lower borrowing costs. –Are you interested to learn more about MT5 brokers? Check our detailed guide- Data on Friday revealed that…

Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi | Photo Credit: Ravi Choudhary Finance Minister Nirmala Sitharaman has said that the government is keeping a ‘good watch’ on exchange rates, stressing that besides rupee several other currencies have depreciated against the US dollar.“The rupee slide is largely against the dollar, not against any other currencies. That’s also because of the way globally, the dollar has strengthened,” she said when asked if the slide of rupee against greenback is a concern. “This is not the case only with rupee versus dollar, it’s the case with many other…

USD/CHF breaks under 50-day SMA at 0.8020, closing below 0.8000 with momentum favoring further downside.Bears eye 0.7950 and July 23 low at 0.7911, with path open toward year-to-date trough at 0.7872.Buyers must reclaim 0.8000 and 50-day SMA to challenge resistance at 0.8047 and 100-day SMA at 0.8122.The USD/CHF extended its losses on Friday, tumbling below the 50-day Simple Moving Average (SMA) at 0.8020. The release of a worse than expected US Nonfarm Payrolls report, cemented the case for a Fed rate cut at the September meeting. At the time of writing, the pair trades at 0.7980, down 0.94%.USD/CHF Price Forecast:…

The Euro climbs as Nonfarm Payrolls show weak hiring, rising unemployment, and steady wage growth in August.US 2-year Treasury yield tumbles as markets fully price in September rate cut; DXY drops 0.70% to 97.57.Traders eye US CPI next week to confirm disinflation trend, while EU GDP Q2 revised slightly higher.The EUR/USD advanced during the North American session after the latest employment report in the United Sates (US) showed the labor market is deteriorating. Consequently, investors ditched the US Dollar as the first rate cut by the Federal Reserve in 2025 looms. The pair trades at 1.1714, up by 0.50%.US jobs…

The Dow Jones backslid on Friday, falling back below 45,500.NFP job gains came in well below expectations, adding further bets to Fed rate cuts.A steepening decline in job creation has gone too far, overshooting market hopes for rate cuts and reigniting recessionary concerns.The Dow Jones Industrial Average (DJIA) sank on Friday, falling nearly 500 points at its lowest after United States (US) Nonfarm Payrolls (NFP) data showed the US added far fewer jobs than expected, pinning expectations of a Federal Reserve (Fed) interest rate cut on September 17.The latest NFP jobs report showed the US added just 22K net new…

The Canadian Dollar tumbled 0.65% against the US Dollar on Friday.Worse-than-expected NFP jobs data sent investors piling into the Greenback safe haven.Canadian jobs data did no favors for the Loonie, showing a sharp contraction in the labor market.The Canadian Dollar (CAD) soured on Friday, skidding into a fifth consecutive losing day against the US Dollar (USD) after employment figures from both Canada and the United States (US) showed both countries are failing to absorb the negative impacts of US President Donald Trump’s trade war with the rest of the world.Employment data for both Canada and the US soured on Friday…

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Friday that while sinking employment data is typically a cause for interest rate cuts, still-high inflation data is still cause for concern, and key Fed officials may not be fully sold on a September rate cut.Key highlightsOpen to criticism on Fed decision-making.Totally opposed to taking away Fed independence.Strange to call own move to Fed from CEA after 12 years “sinister” (in reference to Stephen Miran’s shift to the Fed board).Anyone who joins FOMC will take job seriously.Hiring could be artifically lower due to immigration.Still undecided on September rate decision.If…

The Swiss Franc strengthens as USD/CHF drops below 0.8000 to its lowest since late July.Weak US NFP data fuels Fed rate cut bets and triggers broad US Dollar selling.Focus now shifts to next week’s US CPI report, a key test for Fed expectations.The Swiss Franc (CHF) gains ground against the US Dollar (USD) on Friday, with USD/CHF sliding below the 0.8000 psychological mark to touch its lowest level since July 28. At the time of writing, the pair is trading near 0.7972, down almost 1.0% on the day, as the Greenback came under heavy selling pressure in the wake of…

XAU/USD rallies to a fresh all-time high after NFP miss, with unemployment rising and wage growth holding steady.US 2-year Treasury yield plunges 11 bps to 3.48%, while DXY drops 0.70% to 97.57 amid risk-off flows.Fed independence fears and Standard Chartered’s call for a 50 bps cut amplify the bullish case ahead of US CPI.Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate cuts. XAU/USD trades at $3,594, up 1.30% at the time of writing.Gold jumps 1.30%…

WTI falls to $61.20, its lowest level since June 2, before stabilizing near $61.50.Markets brace for Sunday’s OPEC+ meeting, with Saudi Arabia pushing for an accelerated return of 1.66 mb/d supply, though no final decision has been made.WTI trades below the 50-day SMA at $64.90, with key support at $61.50; a break lower could target $59.50-58.50.West Texas Intermediate (WTI) Crude Oil is heading into the weekend under heavy pressure, extending its losing streak to a third straight day as traders brace for the Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting on Sunday, September 7. At the time…