Forex Market

Canada’s labor market took an unexpected downturn in July, shedding 41,000 jobs and reversing much of the previous month’s solid gains. The data marks a troubling shift for the nation’s employment prospects and underscores growing challenges in the country’s economic recovery. Key Takeaways from the July Labor Market Report Job …

Gold prices continued their upward momentum on Friday, heading for weekly gains as U.S. President Donald Trump’s trade tariffs took effect, amplifying global economic uncertainty. Gold Prices Show Resilience At 05:05 ET (09:05 GMT), spot gold was up by 0.1%, trading at $3,397.69 an ounce, while COMEX gold futures for …

European stocks traded quietly on Friday, consolidating after a generally positive week that featured a strong earnings season and the implementation of U.S. tariffs. Muted Market Moves By 03:05 ET (07:05 GMT), the DAX index in Germany dropped 0.2%, while France’s CAC 40 gained 0.4%, and the FTSE 100 in …

On August 7, 2025, a sweeping wave of U.S. tariffs took effect, targeting imports from over 60 countries and escalating trade tensions to levels unseen since the Great Depression. With rates ranging from 10% to 50%, these levies, championed by President Donald Trump, aim to shrink the U.S. trade deficit …

Gold prices rallied sharply on August 7, 2025, climbing 0.68% to $3,392.31 per troy ounce, driven by renewed safe-haven demand amid escalating U.S. tariffs and a weakening labor market. The XAU/USD pair, which tracks gold against the U.S. dollar, saw a daily range between $3,365.31 and $3,397.58, reflecting heightened market …

The Bank of England (BoE) slashed its base interest rate by 25 basis points to 4.00% on August 7, 2025, in a dramatic and closely contested decision that has propelled the British pound to fresh highs against major currencies. The narrow 5-4 vote, which required an unprecedented second round of …

The Bank of England (BoE) announced a 25 basis point cut to its benchmark interest rate on Thursday, bringing it down to 4%, in a bid to bolster a struggling jobs market. This move marks the fifth rate reduction in the past 12 months and comes as the U.K. economy …

The euro reached a fresh 1-1/2-week high against the weakening U.S. dollar on Thursday, as investors closely monitored Ukraine peace talks and prepared for the Bank of England’s policy meeting later in the session. The U.S. dollar remained under pressure, with growing concerns over partisanship infiltrating key U.S. institutions. The …

Gold prices inched higher in Asian trading on Thursday, bolstered by growing safe-haven demand as U.S. President Donald Trump intensified trade tensions with new tariff threats, while renewed expectations for a Federal Reserve rate cut provided additional support for the precious metal. Gold Prices Climb on Tariff Concerns and Fed …

US President Donald Trump said that he will impose a 100% tariff on imports that include semiconductors and chips, but not for companies that are building in the United States. The announcement came after Apple Inc. CEO Tim Cook and the president announced a fresh $100 billion investment plan from …