Market Update

Gold has officially shattered its all-time record, soaring to a new peak. This stunning rally, with the price now at $3,595.395, wasn’t a random event; it was a direct reaction to a crucial piece of economic data: the latest US Nonfarm Payrolls (NFP) report. This is just the latest move …

The Australian dollar has reached a six-week high against the US dollar, with the AUD/USD pair jumping to 0.6588. This surge is primarily driven by a weak US Nonfarm Payrolls (NFP) report for August, which has increased expectations for an upcoming Federal Reserve interest rate cut.According to the US Bureau …

Silver has been on a remarkable run, consolidating its position near a 14-year high. This rally has been fueled by a significant event: the release of softer-than-expected US jobs data. The recent Nonfarm Payrolls (NFP) report for August showed the US economy added a paltry 22,000 jobs, far below the …

U.S. job creation slowed sharply in August, with nonfarm payrolls rising by just 22,000, while the unemployment rate edged up to 4.3% in August from 4.2% in July. The data confirmed that the labor market is losing momentum and bolstered expectations of a Federal Reserve interest rate cut at its …

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 …

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% …

Bitcoin traded higher on Friday, lifted by optimism over a Federal Reserve rate cut later this month, with investors now focused on key U.S. nonfarm payrolls data for confirmation. Bitcoin Recovers from August Declines The world’s largest cryptocurrency rose 0.8% to $111,537.3 by 01:35 ET (05:35 GMT). Despite recent volatility, …

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 …

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 …

For years, a predictable dance has played out among the world’s major currencies. When one central bank signals a shift, others often follow, or their currencies react in kind. But lately, the yen has been ignoring the mainstream trend, and its stubborn weakness is a glaring contradiction. A key moment …