Gold pressured by robust US labor data and progress on US–EU trade deal. US Dollar rebound and trade optimism curb safe-haven demand, sending XAU/USD to $3,325 low. Traders eye Fed decision, US Q2 GDP, Core PCE, and NFP data in coming week. Gold price (XAU/USD) is poised to end the week on a lower note as economic data from…
Pres. Trump continues to talk and says: Meeting with UK PM Starmer tonight (he is heading to the UK). Says may even approve a deal. On UK trade: We will talk more fine tuning on deal. The GBPUSD is trading lower today, following the release of weaker-than-expected UK retail sales, which added fresh downside pressure and reinforced the pair’s…
United States CFTC Gold NC Net Positions: $253K vs $213.1K
Major US indices are wondering to the upside, despite comments from Trump that a China deal was close, that an EU deal was 50-50, although he did speak more positively of the prospects, that the UK and US might announce a revised trade deal this weekend, and that he got the impression that Fed Powell was ready to cut…
Australia CFTC AUD NC Net Positions: $-81.3K vs previous $-74.9K
The US stock market today is painting a picture of mixed sentiment, marked by a remarkable bounce-back in the tech sector, stability in financials, and some challenges in healthcare. As each sector showcases its unique dynamics, traders and investors are keenly watching the shifts and trends across the board. 📈 Technology Sector: Tech Bounces Back Software & Infrastructure: Giants…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
The Atlanta Fed GDPNow growth estimate for Q2 remained steady at 2.4%. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.4 percent on July 25, unchanged from July 18 after rounding. The forecasts of the major GDP subcomponents were all unchanged or little changed…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
May budget balance C$-0.23 billion vs surplus $1.17 billion in May 2024\ Budget year-to-date C$-6.5 billion versus $-43.15 billion prior This article was written by Greg Michalowski at investinglive.com.
