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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.
GBP/USD Upside Fades Below 1.3410 Amid Rising Downside Momentum
UOB analysts note the British pound's upside against the US dollar is losing steam, with near-term downside momentum increasing and the pair range-bound near 1.3455.
US Payrolls Data May Limit Euro's Advance, Commerzbank Says
Commerzbank analyst Michael Pfister warns that upcoming U.S. employment figures could halt the euro's recent rise against the dollar, as the Fed's policy outlook remains uncertain.
Euro flatlines near 1.1520 as markets await US jobs data
The euro traded near 1.1520 versus the dollar on Friday, with mixed German data and upcoming US Nonfarm Payrolls keeping the pair range-bound.
EUR/USD rebound faces key cloud resistance: UOB
UOB Group's Quek Ser Leang notes a sharp EUR/USD rebound, but a key cloud barrier now threatens to cap the move.
Indian Rupee flat ahead of US Nonfarm Payrolls data
The Indian rupee opened unchanged against the dollar on Friday, with traders cautious before the release of the July US Nonfarm Payrolls report.
USD/JPY consolidates near 158.55 ahead of potential further gains
The pair trades sideways on Friday after a strong weekly recovery from multi-month lows, with the 38.2% Fibonacci level at 158.55 acting as near-term resistance.
Dollar Index Under Pressure Ahead of NFP Release
Lower-than-expected ADP and jobless claims data weigh on the Dollar Index, with focus shifting to today's NFP release.
Swiss Franc Weakens as Risk Aversion Lifts US Dollar
USD/CHF rose for a second straight day, trading near 0.8130 during Asian hours on Friday. The US dollar gained on safe-haven demand amid escalating Middle East tensions.
AUD/JPY Snaps Winning Streak as China Trade Data Bolsters Yen
The Australian dollar weakened against the yen on Friday, with AUD/JPY slipping to around 111.30 after China’s trade figures spurred safe-haven demand for the Japanese currency.
GBP/USD Extends Losses to 1.3450 as UK Yields Narrow, Dollar Strengthens
GBP/USD declined for a second straight day, trading near 1.3450 during Asian hours on Friday, pressured by narrowing UK-US yield differentials and a firmer US dollar.
Silver (XAG/USD) Gains 1% to Near $62.20 Ahead of US NFP Data
Silver prices rose 1% to around $62.20 during Asian trading on Friday as markets awaited the US nonfarm payrolls report for July.
NZD/USD Stays Near Weekly Low on China Trade Data, Awaits US NFP
The New Zealand dollar remains under pressure against the greenback, trading near the bottom of its weekly range after Chinese trade figures disappointed, while traders await upcoming US jobs data.
China’s June trade surplus beats forecasts but declines from May
China’s trade surplus for June came in at $112.5 billion, exceeding expectations of $107.0 billion, though down from $125.62 billion in May.
DXY Steady Near 100.00 as Markets Await US Jobs Data
The US Dollar Index consolidates around 100.00 in Asian trading on Friday, with traders awaiting the US monthly jobs report for directional cues. Geopolitical risks related to Iran are also in focus.
AUD/USD Consolidates Near 0.7030 Before Key US Jobs Report
The Australian dollar was pinned near 0.7030 against the greenback on Friday as markets turned cautious ahead of the US nonfarm payrolls release. Geopolitical concerns around Iran added support to the safe-haven USD, keeping AUD/USD bulls on the sidelines.
Euro Slides for Second Day as Middle East Tensions Boost Dollar
EUR/USD dropped to around 1.1520 in Asian trading on Friday, extending losses as safe-haven flows strengthened the US dollar amid lingering geopolitical concerns.
Gold consolidates below $4,250 as dollar strength and Fed bets cap gains ahead of NFP
Gold prices are holding below $4,250 in Asian trade on Friday, with the earlier pullback from multi-month highs stalling as markets await US payrolls data. The metal remains pressured by a firm US dollar and hawkish Federal Reserve expectations.
USD/CAD Rises for Second Day on Safe-Haven Demand
USD/CAD extended gains for a second day, trading near 1.4020 in Asian hours on Friday, as safe-haven demand lifted the US dollar.
PBOC Fixes USD/CNY at 6.7904, Slightly Weaker Than Previous Day
The People’s Bank of China set the daily USD/CNY reference rate at 6.7904 on Friday, a marginal increase from the prior fix of 6.7895.
Japanese Yen Near Weekly Low After Weak Spending Data as USD Bulls Await NFP
The yen remains under pressure near its weekly low following soft Japanese household spending figures, while dollar bulls look ahead to the upcoming US nonfarm payrolls report.
Yuan Extends Gains as USD/CNH Eyes Support at 6.7420
UOB analysts see a soft USD/CNH tone with scope to test the 6.7420 support in the near term.
Stable Fed and AI Demand Support Won; USD/KRW Drops 8% in Q2
The South Korean won strengthened as USD/KRW fell 8% earlier in the second quarter, driven by the U.S. Federal Reserve's stable stance and AI-related capital flows, ING economists noted.