Gold rallies as mediocre US NFP crushes Fed rate hike bets

Gold rallies as mediocre US NFP crushes Fed rate hike bets

Gold (XAU/USD) skyrockets on Friday, gaining over 2.30% in the day and more than 7% in the week after US jobs data was mixed, with a softer Nonfarm Payrolls print while the Unemployment Rate remained steady. At the time of writing, the XAU/USD pair trades at $4,340 after hitting $4,371 earlier in the day, its […]

Buyers eye a break above the 100-day SMA

Buyers eye a break above the 100-day SMA

EUR/USD edges higher on Friday, supported by a softer US Dollar (USD) as traders scale back Federal Reserve (Fed) rate-hike bets following a disappointing US Nonfarm Payrolls (NFP) report. At the time of writing, the pair trades around 1.1562, hovering near a seven-week high. Price action, however, has been confined to a narrow range for […]