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US Dollar Index Price Forecast: Likely find direction after US NFP release
The US Dollar (USD) consolidates against its major currency peers on Friday, with investors awaiting the United States (US) Nonfarm Payrolls (NFP) data for July, which will be published at 12:30 GMT.
Fri, Aug 7
Euro: Upside bias hinges on 1.1565 break against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD has retreated to 1.1524 after failing several times near 1.1560. Intraday, they see scope for further pullback but expect strong support at 1.1495 to hold.
Fri, Aug 7
Gold rises above $4,300 as traders brace for US Nonfarm Payrolls
Gold (XAU/USD) extends its recovery on Friday as technical buying accelerates, even as market sentiment remains cautious due to developments in the Middle East and uncertainty over the Federal Reserve’s (Fed) interest-rate outlook.
Fri, Aug 7
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%.
Fri, Aug 7
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.
Fri, Aug 7
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.
Fri, Aug 7
Crypto Today: Bitcoin, Ethereum hold steady, XRP decline nears $1.00 amid easing geopolitical tensions
Cryptocurrency prices are relatively stable on Friday, with Bitcoin (BTC) edging higher above the immediate $64,000 support. Ethereum (ETH) holds fairly above the short-term $1,900 demand area, as bulls target a potential breakout.
Fri, Aug 7
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.
Fri, Aug 7
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.
Fri, Aug 7
Pi Network Price Forecast: PI risks bearish reversal from key resistance trendline
Pi Network (PI) edges lower on Friday, extending the losses from the previous day. Retail demand holds firm in the near term, as PI futures Open Interest has remained above $9 million over the last three days.
Fri, Aug 7
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.
Fri, Aug 7
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.
Fri, Aug 7
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.
Fri, Aug 7
Bitcoin Weekly Forecast: Can bulls weather the market uncertainty?
Bitcoin (BTC) remains resilient, trading near $64,100 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.
Fri, Aug 7
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.
Fri, Aug 7
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.
Fri, Aug 7
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.
Fri, Aug 7
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $64.34 per troy ounce, up 4.58% from the $61.52 it cost on Thursday.
Fri, Aug 7
US Dollar: Labour market still solid – Danske Bank
Danske Research Team expects United States (US) Nonfarm Payrolls (NFP) to rise by 70k in July, with the unemployment rate steady at 4.2% and average hourly earnings up 0.3% m/m.
Fri, Aug 7
Swiss Franc: Funding currency weakness extends – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note the Swiss Franc (CHF) remains under pressure as carry trade funding demand grows and recent Japanese Yen (JPY) intervention reinforces CHF’s role as a preferred funding currency.
Fri, Aug 7
