Category: Markets

Silver (XAG/USD) extended its recovery on Friday, building on Thursday’s rebound after testing key support near the $41.50 level. The white metal is currently trading around $42.35, indicating that buyers are regaining momentum after a pullback from the 14-year high at $42.97.  Technical indicators suggest that momentum remains constructive, with upside potential still intact, provided...

The British Pound (GBP) dropped significantly against the US Dollar (USD) on Friday, with GBP/USD slipping beneath 1.3480, as the ‘King Dollar‘ strengthened after the Federal Reserve’s (Fed) monetary policy announcement earlier this week. Despite positive UK Retail Sales, Sterling struggled to hold gains amid lingering fiscal concerns and broad USD strength, leaving investors cautious...

West Texas Intermediate (WTI) Crude Oil extended its losing streak for the third consecutive day on Friday, surrendering all the gains recorded earlier in the week. At the time of writing, WTI is trading near $62.35 per barrel, down almost 1.30% on the day, signaling continued bearish pressure on the US benchmark.  This retreat comes...

Gold Climbs Back Over $3,670 as Buyers Emerge Despite Strong Dollar Gold (XAU/USD) reversed its earlier decline on Friday, bouncing from weekly lows near $3,630 to trade at $3,668 during the North American session. After consecutive bearish sessions earlier in the week, dip buyers stepped in near the $3,630 mark, driving bullion higher by over...

Canadian Dollar Recovers Despite Weak Retail Sales, Defies  Dollar Strength The Canadian Dollar (CAD) managed to defy market expectations on Friday, recovering from early-session weakness to close higher against the US Dollar (USD). Despite a notable miss in Canadian Retail Sales data for July, the Loonie climbed across the board, supported by technical resilience and...

Aussie Dollar Slips Toward Weekly Loss as Fed Stays Cautious The Australian Dollar (AUD) remains under heavy pressure against the US Dollar (USD) on Friday, with AUD/USD extending losses for a third consecutive session. The pair is poised for its first weekly decline in four weeks, highlighting how the post-Federal Reserve (Fed) rebound in the...

EUR/USD Dips as Dollar Strengthens, French Unrest Dampens Mood The EUR/USD currency pair closed the week on the defensive, slipping lower as the US Dollar (USD) regained momentum following a rebound in US Treasury yields. After reaching three-year lows in the wake of the Federal Reserve’s 25 basis-point (bps) rate cut, the Greenback clawed back...

BTC/USD Forex Signal: Strength Returns With Fresh Rally Introduction The BTC/USD pair surged higher on Thursday, confirming bullish momentum as Bitcoin prices broke above the crucial $117,000 level. This breakout signals a potential continuation of the uptrend, as the cryptocurrency continues to benefit from Federal Reserve interest rate cuts and broader risk-on sentiment across global...

Nvidia’s China Antitrust Blow: Trade War Weaponization Escalates Amid Madrid Talks China ruled that Nvidia violated antitrust laws in its $7 billion Mellanox acquisition, delivering a calculated regulatory strike as US-China trade negotiations entered their second day in Madrid.  The State Administration for Market Regulation’s preliminary investigation finding comes four years after initially approving the...

Options Traders Ignore Triple Witching, Eye Jobs Data for Real Volatility Volatility traders are looking beyond the Federal Reserve’s Wednesday meeting and $5 trillion quarterly triple-witching expiry to focus on October jobs data as the true catalyst for market swings. Despite the seemingly massive scale of options expiration and rate decisions, professional traders expect muted...