U.S. dollar momentum eased after a weaker-than-expected jobs report signaled slowing labor market growth. Investors are now recalibrating Fed rate hike expectations amid rising doubts about the economic recovery and inflation pressures.
Gold maintains strong bullish momentum amid dollar weakness, Fed rate cut expectations, sticky inflation, and geopolitical tensions. Technicals show a clear breakout, supporting further upside. Original analysis by Haresh Menghani, FXStreet. #Gold #MarketAnalysis #SafeHaven
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ASX set for gains as Wall Street surges on Nvidia-led tech rally. US markets hit new highs with strong AI enthusiasm and robust earnings fueling optimism. Australian shares expected to open higher, led by technology and growth sectors amid positive global momentum.
GBP/USD climbs to multi-week highs as weak US jobs data dampens dollar strength and fuels bets on upcoming Fed rate cuts. Market eyes shifting monetary policy amid mixed economic signals—offering fresh opportunities for forex traders navigating volatility. Source: FXDailyReport.com
EUR/USD remains range-bound between 1.0876 support and 1.0925 resistance as market participants await fresh economic data. Technical indicators show consolidation with neutral momentum. ECB’s cautious stance on rate cuts and mixed US inflation figures continue to limit directional moves. Watch for a breakout above 1.0925 or a break below 1.0876 to signal the next trend. Analysis by Mahmoud Abdallah on DailyForex.com.
The U.S. dollar is staging a recovery after early-week losses as Treasury yields stabilize and Fed policy outlook stays cautious. EUR/USD pulled back from gains amid ECB rate cut prospects, GBP/USD retraced after BoE easing concerns eased, while USD/CAD and USD/JPY reflect mixed global growth signals. Markets await macro data and Fed remarks for clues on next moves. #ForexAnalysis #USDRecovery
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Australian Dollar (AUD) has held steady above its June low against the US Dollar (USD), showing resilience amid global rate shifts and commodity market fluctuations. Key technical levels suggest consolidation between 0.6580 support and 0.6670 resistance. Watch for a break either way for directional cues as RBA’s cautious stance and US economic data continue to influence price action. #AUDUSD #ForexAnalysis
GBP/USD climbs as disappointing US jobs data weakens the dollar and boosts bets on earlier Fed rate cuts. Markets now see over 70% chance of a September Fed easing, pressuring yields and aiding sterling’s gains amid ongoing BoE policy uncertainty. #Forex #GBPUSD
