The EUR/USD pair staged a dramatic rally on Friday, August 1, 2025, surging over 1% from a low of 1.1391 to a high of 1.1554. This sharp climb was fueled by a dismal US jobs report that sent shockwaves through financial markets, prompting investors to ramp up bets on aggressive …
Read More »Oil Giants ExxonMobil and Chevron Face Profit Plunge as Crude Prices Tank
Energy titans ExxonMobil and Chevron reported significant profit declines for the second quarter, driven by a sharp drop in crude oil prices. ExxonMobil’s net income fell 23% year-over-year to $7.08 billion, while Chevron’s profits plummeted 44% to $2.49 billion. The slump in oil prices, which dipped below $60 per barrel, …
Read More »Trump Slaps Tariffs on 69 Nations as Trade Talks Falter
In a bold move that has sent ripples through global markets, U.S. President Donald Trump has imposed hefty tariffs on 69 trading partners, effective August 1, 2025, after they failed to meet his deadline for submitting trade deal proposals. The tariffs, ranging from 10% to 41%, mark the culmination of …
Read More »USD/JPY Dips Below 150 as Weak US Jobs Data Fuels Fed Rate Cut Speculation
On Friday, August 1, 2025, the USD/JPY currency pair fell below the key 150.00 level after a weaker-than-anticipated US July labor report. The pair had briefly surpassed 150.00 earlier in the day, a threshold not crossed since early April, driven by divergent signals from the Federal Reserve (Fed) and the …
Read More »Gold Prices Hover Near $3,300 Amid US Dollar Strength and Tariff Tensions
Gold prices are clinging to the $3,300 mark as investors brace for the highly anticipated US Nonfarm Payrolls (NFP) report, set to release on Friday at 12:30 GMT. The precious metal, XAU/USD, remains under pressure from a robust US Dollar, which has gained momentum following the Federal Reserve’s hawkish decision …
Read More »EUR/GBP Soars 100 Pips: US Jobs Woes and UK Economic Gloom Fuel Rally
The EUR/GBP currency pair staged a dramatic rally on Friday, surging 100 pips from its weekly low of 0.8611 to reach 0.8711. This sharp upswing was driven by a dismal US jobs report and mounting concerns about the UK economy, as investors brace for the Bank of England’s (BoE) upcoming …
Read More »Yen’s Slippery Slope: USD/JPY Soars to Four-Month Peak
As the clock strikes 1:24 AM EEST on August 1, 2025, the Japanese yen is enduring its sixth consecutive day of decline, with the USD/JPY pair rocketing to its highest point since April. This surge, now hovering near 150.72 during U.S. trading hours, reflects a nearly 0.85% daily gain and …
Read More »Market Drivers – US Session: All Eyes On NFP
The U.S. dollar is riding a wave of momentum, stretching its gains into a sixth consecutive day and hitting fresh two-month highs. This surge comes as investors digest the latest central bank update and rising inflation data, all while bracing for tomorrow’s pivotal Nonfarm Payrolls release. The market is buzzing …
Read More »Gold’s Rollercoaster Ride Explained: Soaring High as the Dollar Stumbles!
As the clock strikes 10:49 PM EEST on July 31, 2025, gold is riding a thrilling wave, climbing steadily since the U.S. trading session kicked off today. The precious metal has surged to $3,295 per ounce, marking a solid 0.6% gain from yesterday’s close of $3,275, as the U.S. dollar …
Read More »Euro’s Trade Turmoil: EUR/CHF Plummets as Swiss Franc Shines
As the financial markets close in on 10:14 PM EEST on July 31, 2025, the EUR/CHF currency pair has taken a dramatic dive, hitting its lowest point since May 5 and extending a four-day losing streak. Trading near 0.9280, the pair has shed nearly 0.60% this week, reflecting growing unease …
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