USD/CAD sits right at a long-term Fibonacci level as both the U.S. and Canadian jobs reports land on the same day. The Greenback has been gaining strength all week while the Loonie has been losing ground. Will the top-tier economic reports make or break this trend? Here’s what we’re seeing on multiple time frames.
NQ JUN26 update: 30-minute chart, around 3:39 AM New York time Updated prediction score: -5.5 / +10Bias: Bearish while NQ remains below 30244, with swing-bear targets open only if 30016-30000 fails I wrote a few hours ago that Nasdaq is bearish with a score of -5 and now Nasdaq futures remain under selling pressure. The important update is that…
Gold prices fell in Saudi Arabia on Friday, according to data compiled by FXStreet. The price for Gold stood at 535.84 Saudi Riyals (SAR) per gram, down compared with the SAR 540.23 it cost on Thursday. The price for Gold decreased to SAR 6,249.75 per tola from SAR 6,301.16 per tola a day earlier. Unit measure Gold Price in…
WTI swung $9 on headlines that never moved a single barrel. Let’s break down what that means for currency traders.
Summary: Explosion reported near Oman’s Mina al Fahal crude terminal on the Gulf of Oman; cause unclear but an alleged drone attack has been cited, extending conflict risk beyond the Strait of Hormuz to open-water export infrastructure, oil tracked broadly sideways Japan April real wages rose for a fourth consecutive month, the longest such streak in five years; wages…
USD/JPY extends its losses for the second successive day, trading around 159.90 during the Asian hours on Friday. The currency pair depreciated as the Japanese Yen (JPY) found support from heightened fears of government intervention. Japan’s Finance Minister Satsuki Katayama renewed warnings to the market as the JPY hovered near the critical 160.00 per USD level, emphasizing that authorities…
A judge called unemployed young Indians “cockroaches.” BIG mistake. Turns out, calling a generation pests is a bad idea when that generation makes up most of your country. India is home to one of the youngest populations on earth. Nearly 65% of its 1.4 billion citizens are under the age of 35. That’s an enormous economic opportunity, but only…
Senior Trump administration officials have held early discussions with major AI companies, including OpenAI, about the government acquiring voluntary equity stakes whose returns could fund public dividends. The following is drawn from reporting by Notus, citing three anonymous sources familiar with the discussions: Senior officials in the Trump administration have held early-stage discussions with major artificial intelligence companies about…
The Australian Dollar is going nowhere in a hurry, and the contradiction at its core explains why. The Reserve Bank of Australia keeps dangling the prospect of another hike, yet the economy it governs just expanded 0.3% in the first quarter, a clear step down from the prior pace. A central bank threatening to tighten into a visible slowdown…
Thursday’s session saw equities climb on geopolitical optimism as the Dow hit record highs, while the U.S. dollar slid against most major currencies and crude oil extended its decline.
