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Gold heads for best week since January after disappointing NFP
Gold (XAU/USD) extends its recovery on Friday as weaker-than-expected US payroll growth weighs on the US Dollar (USD) and US Treasury yields. At the time of writing, XAU/USD trades around $4,356 after hitting $4,371, its highest level since June 17.
US Dollar: Strong payrolls may offer only limited support – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects the July United States (US) non-farm payrolls to show resilient labor demand, with consensus around 80k jobs and unemployment steady at 4.2%.
Oil: Prices jump on Hormuz tensions – MUFG
MUFG’s Michael Wan notes that Oil has spiked on renewed tensions in the Strait of Hormuz, even as Brent remains below US$85/bbl. He highlights Iran’s proposed restrictions on US and Israeli ships and regional conflict risks.
Canadian Dollar lacks direction ahead of twin US, Canadian employment releases
USD/CAD trades around 1.4020 on Friday at the time of writing, up a modest 0.06% on the day with no clear directional bias as investors remain cautious ahead of the release of US and Canadian July employment reports.
Australian Dollar edges up against US Dollar with NFP data in focus
The Australian Dollar (AUD) trades slightly higher to near 0.7040 against the US Dollar (USD) during the European trading session on Friday.
1.1560: Why the Euro's recovery is facing its biggest technical hurdle
The Euro (EUR) has staged a notable recovery from its mid-June lows against the US Dollar (USD), driven in part by financial markets dialing back expectations for further Federal Reserve (Fed) interest rate hikes.
Gold Price Forecast: XAU/USD rallies further with bulls eyeing $4,380 area
Gold (XAU/USD) resumes its bullish trend on Friday, after a brief consolidation on Thursday, to reach fresh three-week highs above $4,300, with bulls aiming for mid-June highs in the $4,380 area.
US President Trump: Warsh is great and I won’t criticize him
United States (US) President Donald Trump said in an interview with Punchbowl, released during the European trading session on Friday, that a potential interest rate hike by the Federal Reserve (Fed) is not completely on Chairman Kevin Warsh, but on the entire board.
Portugal Global Trade Balance down to €-9.441B in June from previous €-8.705B
Portugal Global Trade Balance down to €-9.441B in June from previous €-8.705B
Canadian Dollar: Labour resilience favours CAD against US Dollar – TD Securities
TD Securities strategists expect Canada’s July Jobs Report to confirm ongoing labour market strength, with employment rising another 20k, matching consensus and extending the recovery of 2026 job losses.
Polish Zloty: Near-term EUR/PLN forecast raised to 4.30 – Commerzbank
Commerzbank’s Tatha Ghose raises the near-term EUR/PLN forecast from 4.20 to 4.30, citing recent global risk-off moves and uncertainty surrounding the oil price shock.
USD/CHF Price Forecast: Dollar eases towards 0.8100 ahead of the NFP release
The US Dollar (USD) pares gains against the Swiss Franc (CHF) on Friday, with the USD/CHF pair drifting towards the 0.8100 level, after rejection at 0.8136 highs on Thursday.
NFP or Iran: Which factor will break the US Dollar Index out of its consolidation?
The US Dollar Index (DXY) trades around 99.95 at the time of writing on Friday, virtually unchanged on the day, as investors refrain from placing aggressive bets ahead of the release of the July US employment report.