In the European session, we have just a couple of low tier releases like the construction PMI, the Italian retail sales and the Eurozone PPI. None of these data points will change anything for the market or the ECB. In the American session, we just have the Canadian services PMI which is unlikely to be market-moving. Today, it’s a…
Platinum and Palladium prices came under pressure yesterday and reversed most of the gains from the previous day. The price decline occurred much earlier than for Gold and was certainly not related to this. The Platinum price had previously risen almost to its 11-year high from the end of last week again. The high price volatility of the last…
Prior 2.9%; revised to 2.8% The Swiss jobless rate ticked higher in June but only after a revision lower for the month of May. Labour market conditions have been softening but that’s fitting with the situation faced by most major economies in the past year. This article was written by Justin Low at www.forexlive.com.
The British Pound holds steady near 1.3650 amid thin US holiday trading conditions. UK fiscal concerns resurface after the government reverses £5 billion in planned welfare cuts. The July 9 US tariff deadline looms, with UK steel and aluminum sectors still at risk. The British Pound (GBP) is treading water against the US Dollar (USD) on Friday, as the…
Eurostoxx -0.6% Germany DAX -0.2% France CAC 40 -0.8% UK FTSE -0.3% Spain IBEX -0.5% Italy FTSE MIB -0.1% This comes with S&P 500 futures seen down by 0.3% as well. The Globex is still open for a while more but as a reminder, US markets are closed today in observance of the 4th of July weekend. The overall…
EUR/JPY slips slightly but remains above 170.00, near its highest level since July 2024. Bullish trend intact above Ichimoku Cloud, RSI nears overbought zone. A break above 171.09 would open the path to the psychological resistance at 172.00. A drop below 170.00 could trigger a pullback toward 169.25 or the July swing low at 168.45. EUR/JPY slips slightly on…
Fundamental Overview The USD got a boost yesterday as the US NFP report came out better than expected and triggered a hawkish repricing in interest rates expectations. Unfortunately for the greenback, that wasn’t enough as wage growth came out on the softer side which limited further repricing. As the market got quickly back to price just two rate cuts…
EUR/USD edges higher in thin liquidity session as markets react to Trump’s ‘Big, Beautiful Bill’. The US Dollar erases gains as debt sustainability issues and renewed tariff threats weigh on the Greenback. EUR/USD rises as bulls remain eager to retest the psychological resistance level at 1.1800. The Euro (EUR) is holding modest gains against the US Dollar (USD) in…
China is playing hardball here as they are not going to endorse the reported tentative deal with French cognac makers from last week. For some background: China reportedly seeks to tie French cognac deal with EV tariff talks The duties will be implemented for a period of five years starting from 5 July. However, there will be some exceptions….
Gold benefits from a weaker Greenback amid thin liquidity on US Independence Day. Tariff uncertainty and Trump’s ‘Big Beautiful Bill’ lift demand for safe-haven bullion. XAU/USD whipsaws between key moving averages as the price hovers above $3,330. Gold (XAU/USD) is trading higher on Friday as news about United States (US) President Donald Trump’s passage of the “Big, Beautiful, Bill”…
