Market news
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Banxico’s Restrictive Stance Bolsters Mexican Peso Carry, Rabobank Says
Banxico held rates at 6.50% on August 6, and its restrictive monetary stance continues to support attractive carry returns in the Mexican peso, according to Rabobank.
US Dollar Index Awaits Direction from July NFP Data
The US Dollar Index is consolidating on Friday as markets await the July Nonfarm Payrolls report, due at 12:30 GMT.
EUR/USD upside hinges on 1.1565 break, UOB sees pullback risk
EUR/USD retreated to 1.1524 after failing to breach 1.1560. UOB analysts expect further intraday pullback but see strong support at 1.1495.
Dollar hovers near three-week lows as markets await Hormuz deal, payrolls
The U.S. dollar traded near its lowest levels in three weeks against major currencies on Thursday, with investors cautious ahead of a potential agreement to reopen the Strait of Hormuz and key U.S. jobs data.
XTB extends sports sponsorships with FC Porto sleeve deal
Polish CFD broker XTB will put its brand on FC Porto men's first-team shirts from 2026-27, extending a run of sports sponsorships after Napoli and FIBA.
Payrolls Report May Trigger Dollar Move After FOMC Ambiguity
The upcoming US payrolls data could prompt a dollar reaction after uncertainty sparked by Kevin Warsh at the July FOMC meeting. Analysts expect a 70k rise versus 80k consensus, with unemployment ticking up to 4.3%.
Australian Dollar Edges Up to 0.7040 Ahead of US NFP Data
AUD/USD rose slightly to near 0.7040 in European trading as markets await the US Nonfarm Payrolls report.
Euro’s Recovery Faces Key Test at 1.1560 Against the Dollar
The euro is retesting the 1.1560 level after rebounding from mid-June lows, with reduced Fed rate hike bets supporting the single currency.
Gold Rally Resumes, Bulls Eye $4,380 Target
Gold prices pushed above $4,300 to fresh three-week highs, with bulls now targeting the mid-June resistance near $4,380.
TD Securities: Strong Canadian Jobs Data to Lift CAD Against USD
TD Securities forecasts Canada’s July employment will rise by 20k, signaling labor market resilience and supporting the Canadian dollar against the US dollar.
Commerzbank lifts EUR/PLN forecast to 4.30 on risk-off mood
Commerzbank strategist Tatha Ghose raised the near-term EUR/PLN target to 4.30 from 4.20, pointing to global risk aversion and oil price uncertainty.
etoro temporarily halts outbound etoro Money payments
eToro has temporarily halted outbound payments from its eToro Money module in the EU, UK and Australia, citing an incident. The broker says it is investigating and working to restore service.
USD/CHF Drifts Toward 0.8100 as Dollar Pares Gains Before NFP
The US dollar retreated against the Swiss franc on Friday, with USD/CHF easing towards 0.8100 after being rejected at 0.8136, as traders await the US nonfarm payrolls report.
DXY Stalls at 99.95 as Traders Eye NFP and Iran Tensions
The US Dollar Index holds steady near 99.95 with investors cautious ahead of the July employment report, while Iran-related risks linger.
Silver Prices Surge 4.58% to $64.34 per Ounce
Silver (XAG/USD) rose sharply on Friday, trading at $64.34 per troy ounce, a gain of 4.58% from the previous session’s $61.52.
Danske Bank Forecasts Solid US Labor Market with 70k NFP Gain
Danske Bank expects US Nonfarm Payrolls to increase by 70,000 in July, with the unemployment rate unchanged at 4.2% and average hourly earnings rising 0.3%, signaling continued labor market strength.
Swiss Franc Weakness Extends as Carry Trade Demand Grows, OCBC Says
The Swiss Franc remains under pressure as demand for carry trade funding increases and recent yen intervention reinforces CHF's appeal as a funding currency, OCBC analysts note.
PU Prime Expands Gold Trading with the Launch of XAUUSD247
PU Prime has introduced XAUUSD247, a gold CFD product available 24/7 on MetaTrader 5, giving clients round-the-clock access to the precious metal.
USD/JPY Steady Around 158.39 as Yen Gives Back Intervention Gains
The yen lost ground on Friday, with USD/JPY holding near 158.39 after joint intervention by Tokyo and Washington had temporarily bolstered the Japanese currency.
Eurozone Retail Sales Fall 0.3% in June, Missing Estimates
Eurozone retail sales unexpectedly declined by 0.3% month-on-month in June, against a consensus forecast of a 0.1% increase. Annual growth slowed to 0.7%, the weakest in nearly two years.
US July Jobs Report Preview: NFP Expected at 80K
Markets await the July Non-Farm Payrolls with expectations of 80,000 new jobs, up from 57,000 in June. The unemployment rate may rise slightly to 4.3%.
GBP/JPY Hovers Near 213.00 as Yen Undermined by Rate Gap
The pound held near the top of its weekly range against the yen, with a persistent interest rate differential and UK fiscal worries keeping the pair steady.
Silver Bulls Push Toward Breakout Above $63.30
Silver (XAG/USD) climbed to fresh six-week highs near $63.90 on Friday, but has yet to confirm a break of the $63.30 resistance area.
NFP Release Today Could Set Gold’s Next Move
Today’s US jobs report could determine whether gold retreats toward $4,150 or rallies to $4,400, depending on the deviation from the 80K consensus.