United States President Donald Trump has threatened to destroy Iran if they do not reopen the Strait of Hormuz before the deadline, in a post shared on Truth Social.
United States CFTC Gold NC Net Positions down to $163.2K from previous $168.3K
United Kingdom CFTC GBP NC Net Positions up to £-52.7K from previous £-58.4K
United States CFTC Oil NC Net Positions fell from previous 233.6K to 213.5K
United States CFTC S&P 500 NC Net Positions rose from previous $-80.9K to $-42.5K
Japan CFTC JPY NC Net Positions: ¥-72.9K vs previous ¥-62.8K
Eurozone CFTC EUR NC Net Positions down to €0.5K from previous €9.3K
Australia CFTC AUD NC Net Positions: $81.5K vs $70.9K
The GBP/USD extended its losses for the second straight day, down 0.12% after a stellar US Nonfarm Payrolls report, which could refocus the Federal Reserve on battling higher inflation that has remained above target for five years. At the time of writing, the pair trades at 1.3205.
USD/JPY trades with a mild downside bias on Friday as lingering intervention fears support the Japanese Yen (JPY), even as the US Dollar (USD) remains firm against its major peers following the upside surprise in US Nonfarm Payrolls (NFP) data.
The US S&P Global Services PMI in March reported that business activity in the sector is slowing sharply, falling to contractionary territory for the first time since January 2023, amid higher inflation and the war in the Middle East.
AUD/USD reverses earlier gains on Friday as stronger-than-expected US Nonfarm Payrolls (NFP) data supports the US Dollar (USD), adding modest pressure on the Australian Dollar (AUD), while price action remains subdued amid thin liquidity due to the Good Friday holiday.
