Forex Market

Spot Gold: $3,360.26 per ounce (unchanged) Gold Futures (December): $3,412.70 per ounce (up 0.2%) Key Highlights: Gold’s Recent Rally: Gold prices saw a 2% jump on Friday, recovering from earlier losses, thanks to weaker-than-expected U.S. labor data and expectations for interest rate cuts by the Federal Reserve. The U.S. nonfarm …

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 …

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 …

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 …

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 …

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 …

Annual CPI: 2.0% (unchanged from June) Core CPI (excluding food and fuel): 2.3% Month-on-Month CPI: 0.0% (flat after a 0.3% gain in June) Key Highlights: Inflation Dynamics: Inflation remains within the European Central Bank’s (ECB) target, easing pressure on policymakers for further rate cuts after the end of the easing …

Gold Prices: Spot gold inched up 0.2% to $3,396.25 an ounce, while Gold Futures were steady at $3,348.10/oz by 01:58 ET (05:58 GMT) on Friday. However, gold is heading for a third straight weekly loss, as a surging U.S. dollar dampens demand, despite the safe-haven demand spurred by escalating U.S. …

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 …

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 …