The U.S. dollar slipped on Friday, retreating against major peers as global bond markets stabilized and investors awaited the closely watched U.S. nonfarm payrolls report, a key test for the Federal Reserve’s policy path. The dollar index, which tracks the greenback against six major currencies, dipped 0.2% to 98.018 in …
Read More »Oil Extends Decline as Supply Concerns Weigh, OPEC+ Meeting in Focus
Oil prices fell for a third straight session on Friday, heading for their first weekly loss in three weeks, as markets weighed the prospect of higher supply and unexpected U.S. inventory builds against lingering geopolitical risks. Prices Edge Lower, Weekly Losses Loom By 08:10 GMT, Brent crude futures slipped 0.5% …
Read More »German Industrial Orders Drop Sharply in July
Germany’s industrial sector suffered an unexpected setback in July, as new orders declined more than anticipated, driven largely by a drop in large-scale demand. Headline Decline vs. Expectations Industrial orders fell 2.9% month-on-month on a seasonally and calendar-adjusted basis, the Federal Statistics Office reported Friday. This was far worse than …
Read More »Gold Prices Climb, Set for Weekly Gains Ahead of U.S. Jobs Report
Gold prices advanced in Asian trading on Friday, holding close to record highs as investors ramped up bets on a September Federal Reserve rate cut. Focus now turns to the upcoming nonfarm payrolls report, which could reinforce expectations for policy easing. Gold Maintains Bullish Momentum Spot gold rose 0.4% to …
Read More »Market Drivers – US Session: NFP In Focus
The financial world is holding its breath as the highly anticipated US Nonfarm Payrolls (NFP) report takes center stage. All eyes are on this crucial data as it’s expected to heavily influence the direction of the US Dollar and other major currencies.What to Watch on Friday, September 5:• US Dollar: …
Read More »Dollar Holds Firm Ahead of Key U.S. Jobs Report
The U.S. dollar steadied on Thursday, consolidating in a volatile week as investors weighed softening labor market data and ongoing fragility in global bond markets, reinforcing expectations that the Federal Reserve will cut rates this month. Labor Market in Focus Data on Wednesday showed job openings fell to a 10-month …
Read More »European stocks steady amid bond market jitters
European shares held steady on Thursday as investors remained cautious in the face of renewed volatility in government bonds, while a sharp profit warning from British airline Jet2 weighed on the travel and leisure sector. The pan-European STOXX 600 was flat at 546.93 points by 07:22 GMT after a choppy …
Read More »Gold Hits Record High as Tariff Uncertainty and Fed Rate Cut Bets Fuel Rally
Gold prices ease on profit-taking after record highs, dollar steadies ahead of U.S. labor data Gold prices retreated in Asian trading on Thursday, weighed down by profit-taking after a string of record highs above $3,500 per ounce. The pullback came as the U.S. dollar stabilized, with traders awaiting key labor …
Read More »Gold and Silver Surge as Labor Market Falters As Dollar Faces Mounting Pressure
Gold soared to $3,559.26 per troy ounce, up 0.73%, on September 3, 2025, hitting record highs after the U.S. JOLTS report revealed a steep drop to 7.181 million job openings in July, below the forecasted 7.4 million. The U.S. Dollar Index (DXY) slid 0.20% to 98.11, weakening against major currencies …
Read More »US Labor Market Weakness Fuels Dollar’s Decline – A Fed Reckoning Looms
The U.S. Dollar Index (DXY) fell 0.18% to 98.126 on September 3, 2025, retreating from a daily high of 98.635 as the JOLTS report revealed a sharp drop to 7.18 million job openings, missing expectations of 7.4 million. This labor market stumble, the weakest since the pandemic, intensified pressure on …
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