The US Dollar Index (DXY) fell below the 100.00 region after sinking through Friday's session. July Nonfarm Payrolls (NFP) showed the US economy shedding 23K jobs against forecasts of an 80K gain, with June revised down to 20K, and Average Hourly … [Continue reading]
US Treasury yields drop on soft NFP, Hormuz hopes ease Fed risks
US Treasury yields drop across the curve on Friday amid growing speculation that the Iran-Oman deal is about to be sealed, which has so far pushed energy prices lower, while investors also digest a weak Nonfarm Payrolls report in the US.Yields slide … [Continue reading]
Indonesian Rupiah: Supportive domestic backdrop, capped gains – Commerzbank
Commerzbank’s FX analysts, including Charlie Lay and Moses Lim, note that USD/IDR slipped slightly but stayed below the key 18,000 level as softer global Oil prices and stronger Indonesia Q2 GDP supported the Rupiah. They highlight that clearer Bank … [Continue reading]
Silver Price Forecast: XAG/USD clears 50-day SMA, eyes $65
Silver price surges nearly 3% as it clears the 50-day Simple Moving Average (SMA) at $62.13, and reclaims the $63.00 figure as it struggles to surpass key resistance seen at $63.28, the July 6 high.XAG/USD Price Forecast: Technical outlookSilver … [Continue reading]
EUR/JPY recovers from session low but remains down on Friday
EUR/JPY trades on the back foot on Friday, easing away even as the Euro (EUR) posts solid gains against the US Dollar (USD). The Japanese currency surged suddenly near the start of the American session after a surprisingly weak United States (US) … [Continue reading]
Mexican Peso hits five-month high on weak US jobs data
The Mexican Peso (MXN) capitalizes on a weaker US jobs report and soars versus the US Dollar (USD) on Friday as risk appetite improves and the Greenback gets battered on speculation that the Federal Reserve (Fed) might not raise rates in 2026. At the … [Continue reading]
XRP Price Prediction: XRP tests major support at $1.00
Ripple (XRP) remains pressured on Friday, trading around $1.03 at the time of writing. The token appears to hold this current level as support but lacks a catalyst to sustain a knee-jerk rebound toward the next key resistance at $1.10.XRP whales … [Continue reading]
US Dollar: Labour market still solid – Danske Bank
Danske Research Team expects United States (US) Nonfarm Payrolls (NFP) to rise by 70k in July, with the unemployment rate steady at 4.2% and average hourly earnings up 0.3% m/m. They note leading indicators still point to solid labour conditions, … [Continue reading]
Swiss Franc weakens as increased risk aversion boosts safe-haven US Dollar
USD/CHF extends its gains for the second successive day, trading around 0.8130 during the Asian hours on Friday. The currency pair appreciates as the US Dollar (USD) gains strength, driven by renewed safe-haven demand amid escalating Middle East … [Continue reading]
Chinese Yuan: Bullish tone with upside tests against US Dollar – UOB
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann note that USD/CNH is trading with a soft underlying tone, with scope for the Dollar to test support levels near 6.7420 in the short term, while a sustained break lower is seen as … [Continue reading]