Market News
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Silver Price Forecast: XAG lower highs structure holds, bears eye $55
Silver price dives over 3.80% on Thursday as the precious metals segment tumbles amid overall US Dollar strength and heightened risk aversion amid heightened tensions in the Middle East. The XAG/USD trades at $57.62 after hitting a weekly high of $60.94.
AUD/USD Price Forecast: Bulls struggle below the 50-day SMA
AUD/USD edges lower on Thursday as a stronger US Dollar (USD) outweighs support from stronger-than-expected Australian employment data. At the time of writing, the pair trades around 0.6966, down 0.45% on the day.
Canadian Dollar: Holds near fair value against US Dollar â Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is tracking the broader US Dollar (USD) trend, with USD/CAD easing overnight then rebounding to trade nearly flat.
Swiss Franc hits 13-month low as rising Oil prices boost bets on Fed hike
USD/CHF climbs to its highest level since June 2025 on Thursday, supported by a broadly stronger US Dollar (USD) as the expanding war in the Middle East pushes Oil prices higher and strengthens Federal Reserve (Fed) rate hike expectations.
Gold tumbles as sellers target $4,000
Gold price (XAU/USD) loses nearly 2% on Thursday as the US Dollar stages a comeback amid growing speculation that the White House may continue its campaign against Iran, which seems poised to prolong the Gulf war. The XAU/USD trades below $4,050 after falling from a two-day high above $4,100
Dow Jones Industrial Average sells the war without an earnings alibi
The Dow Jones Industrial Average trades around 600 points lower on Thursday, down 1.1% near 51,600 in a session whose high sits within a handful of points of the opening print.
EUR/USD Price Forecast: Bears target a break below 1.1350 support
EUR/USD trades on the back foot on Thursday as the expanding war in the Middle East pushes Oil prices higher and fuels hawkish Federal Reserve (Fed) expectations, boosting demand for the US Dollar (USD).
US President Trump: âI'm considering a massive attack greater than anything beforeâ
US President Donald Trump said he is close to deciding whether to launch a new military operation against Iran, according to Israelâs N12. Trump said he is âconsidering a massive attack greater than anything before,â adding that Israel would join the operation âwithin two minutesâ if requested.
British Pound slides as Gulf war risk fuels US Dollar rally
The Pound Sterling drops by over 0.40% against the Greenback as risk aversion weighs on most G8 currencies amid the escalation of the Middle East conflict and growing speculation of an extended US campaign against Iran. The GBP/USD trades at 1.3313 after reaching a daily high at 1.3393.
Crude Oil stops trading the headlines and starts trading the war
Crude Oil is staging the kind of one-day advance that usually arrives strapped to a flash headline, and the wires have duly supplied several, but the tape refuses to behave like a reaction.
Japanese Yen falls near multi-decade low
USD/JPY trades above163.90 on Thursday as the US Dollar (USD) strengthens following significantly better-than-expected United States (US) labor market data.
United States Kansas Fed Manufacturing Activity: 17 (July) vs previous 19
United States Kansas Fed Manufacturing Activity: 17 (July) vs previous 19
United States: PCE Methodology tweaks seen as marginal â TD Securities
TD Securities economists Eli Nir and Oscar Munoz analyze upcoming BEA methodology changes to United States (US) Personal Consumption Expenditures (PCE) Price Index inflation for portfolio management, legal services, and computer software & accessories.