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April Nonfarm Payrolls beat consensus at 177K; Unemployment Rate steady at 4.2%, easing recession concerns.Trump pressures Fed to cut rates despite upbeat data; CBOT shows 88 bps of easing priced in.Apple and Amazon fall on China sales miss and cloud growth slowdown despite beating EPS forecasts.The Dow Jones Industrial Average (DJIA) rallied over 600 points, or over 1.65%, on Friday following a solid US jobs report that brushed aside fears that the largest economy in the world is tied into a recession. The Dow is set to end the week with gains of over 3% and, at the time of…

EUR/CAD trades around the 1.5600 zone following a quiet Friday session post-Europe.Bullish structure holds, though short-term momentum indicators remain mixed.Long-term trend indicators favor upside while near-term resistance levels begin to cap price.The EUR/CAD pair hovered near the 1.5600 zone on Friday after the European session, showing little change on the day but maintaining a steady bullish bias overall. Price action remains confined to the middle of the daily range, reflecting ongoing consolidation. While short-term signals show hesitation, the broader outlook is supported by strong trend-based indicators positioned below current levels.From a technical standpoint, EUR/CAD retains a bullish posture, albeit with…

European Central Bank (ECB) Vice President Luis de Guindos said in an interview with Germany’s Die Presse that there are no signs of weakening in the European currency so far.Key QuotesCan be optimistic on phase of interest rate cuts continuing.Keeping a close eye on exchange rate developments.There are currently no signs of Euro weakening. Source

EUR/USD was seen around the 1.1400 zone after advancing post-European session on Friday.Bullish outlook remains intact, though momentum indicators point to hesitation.Key moving averages support upside continuation, with resistance emerging nearby.The EUR/USD pair extended higher on Friday, pushing into the 1.1400 zone after the European session, as buyers retained control in the broader trend. Despite the advance, underlying momentum remains uncertain, with mixed signals from short-term indicators. The broader technical structure, however, remains constructive, supported by firm positioning of major moving averages that continue to trend upward.From a technical perspective, the pair is flashing a bullish bias overall. The Relative…

The USD/CAD is trading lower around the 1.3800 area, giving up recent gains amid a broadly weaker US Dollar and improving risk sentiment.US Nonfarm Payrolls came in better than expected at 177,000, but soft ISM and jobless claims data keep Fed rate cut bets intact, while Canada remains sidelined.Technical indicators remain bearish, with key resistance at 1.3844 and support levels eyed around 1.3760.The USD/CAD is trading with losses around the 1.3800 level on Friday, as the pair continues to retreat from the prior session’s highs. The move comes as the US Dollar weakens broadly across the board after a failed…

US NFP beats at 177K, but Fed seen delivering only three cuts instead of four.DXY drops 0.58% to 99.59, fueling demand for risk-sensitive currencies like the Aussie.Traders favor AUD as risk appetite improves and US policy outlook remains data-dependent.The Australian Dollar surged to a new year-to-date (YTD) high of 0.6469, gaining over 1.20% following a strong jobs report in the United States (US) that suggested the economy remains solid.AUD/USD jumps 1.20% to 0.6469 as Dollar weakens on shifting Fed rate cut bets and upbeat risk sentimentNonfarm Payroll figures in April rose by 177K, up from 130K projected, and trailed March’s…

The rupee on Friday hit a seven-month high and rose past the 84 per dollar level on sustained foreign fund inflows and stronger domestic data, but pared the gains and settled for the day higher by just 1 paisa at 84.53 against the greenback. In a highly volatile trade, the rupee on Friday touched an intra-day high of 83.76 — the highest levels since October 2024 — but failed to sustain the momentum and ended the session on a flat note with gains of just 1 paisa. Forex traders said goods and services tax (GST) collections for April were robust…

Silver price gains to near $32.60 at the expense of the US Dollar.The US NFP data will influence market speculation for the Fed’s monetary policy outlook.Easing US-China trade tensions diminishes demand for safe-haven assets.Silver price (XAG/USD) moves higher to near $32.60 during European trading hours on Friday. The white metal gains as the US Dollar (USD) corrects ahead of the United States (US) Nonfarm Payrolls (NFP) data for April, which will be published at 12:30 GMT.The US Dollar index (DXY), which tracks the Greenback’s value against six major currencies, retraces to near 99.90 from the two-week high of 100.37. Technically,…

However, forex strategists remain cautious, noting that geopolitical tensions with Pakistan and a potential rebound in the US Dollar Index could reverse the rupee’s recent momentum.  | Photo Credit: PRIYANSHU SINGH The rupee strengthened above the 84 per USD mark on Friday, buoyed by strong foreign portfolio investment in the domestic equity markets and progress in US-India tariff talks.The rupee opened 39 paise stronger at 84.10 per US Dollar, compared to its previous close of 84.49. Gaining further ground against the greenback, the rupee appreciated below the 84 mark and is currently trading at 83.93. In the trading so far,…

WTI price rises due to growing optimism over a potential easing of tensions between the US and China.Trump indicated possible trade agreements with India, Japan, and South Korea while expressing optimism about resolving issues with China.Crude prices find support as bullish momentum strengthens following Trump’s firm warning of secondary sanctions against countries importing Iranian Oil.West Texas Intermediate (WTI) crude Oil price extended gains for a second consecutive session, trading near $59.40 per barrel during Asian trading hours on Friday. The rise in Oil prices was supported by growing optimism over a potential easing of tensions between the US and China,…