News
Important Only
Silver Price Analysis: XAG/USD skyrockets above $31.00, eyes further gains
FxstreetJul 5, 2024
Dow Jones Industrial Average struggles to find direction on Friday after NFP corkscrew
FxstreetJul 5, 2024
Argentina Industrial Output n.s.a (YoY) rose from previous -16.6% to -14.8% in May
Australian Dollar following mixed US Nonfarm Payrolls figures
Mexican Peso is flat against US Dollar following mixed US NFP data
FxstreetJul 5, 2024
United States Baker Hughes US Oil Rig Count remains unchanged at 479
Commodities
Silver Price Analysis: XAG/USD skyrockets above $31.00, eyes further gains
Silver soared above the June 20 high of $30.78 on Friday and extended its gains past the $31.00 figure following a weak US jobs report that lifted expectations about a possible Fed interest rate cut.Fxstreet
Jul 5, 2024
Economic Indicator
Fed Semi-Annual Policy Report: Need greater confidence before moving to rate cuts
In its Semi-Annual Monetary Policy Report published on Friday, the Federal Reserve (Fed) noted that they have seen modest further progress on inflation this year but added that they still need greater confidence before moving to rate cuts, pre Reuters.Fxstreet
Jul 5, 2024
Forex
GBP: Has close to reaction to the UK election result – Rabobank
Despite Pound Sterling’s (GBP) limited reaction to the UK election result, the drop in the value of the US Dollar (USD) over the past couple of sessions has allowed the GBP to move into the position as best performing G10 currency in the year to date, senior FX strategist at Rabobank Jane Foley notes.
Fxstreet
Jul 5, 2024
Forex
GBP/USD Price Analysis: Ascends on weak US Dollar, bulls eye daily close above 1.2800
The GBP/USD registered decent gains of more than 0.20% on Friday after June’s US jobs data showed the economy added more jobs than expected, though a revision lower of April and May’s figures hinted the labor market weakened further.Fxstreet
Jul 5, 2024
