Nonfarm Payrolls, US-Iran peace talks on focus as DXY hits two-week lows

Nonfarm Payrolls, US-Iran peace talks on focus as DXY hits two-week lows

The US Dollar Index (DXY) fell to a two-week low near the 98.00 price zone on Friday, extending the losses seen the previous day and ending a week in which the world’s most important central banks confirmed a hawkish shift due to rising inflation pressures. Next week, traders’ attention will remain focused on any development […]

Dow Jones futures hold near 50K as Iran offer offsets tariff noise

Dow Jones futures hold near 50K as Iran offer offsets tariff noise

Dow Jones Industrial Average (DJIA) futures traded above 49,800 in overnight and pre-market action, building on a near 1,500-point rally from Thursday morning’s lows around 48,500 and pressing toward the 50,000 mark for the first time. S&P 500 futures held firmly above 7,200 after the cash index closed at a fresh record yesterday, locking in […]

Gold extends rally as Japan intervention hammers US Dollar

Gold extends rally as Japan intervention hammers US Dollar

Gold (XAU/USD) prints back-to-back days of gains, up over 0.50% as the US Dollar extends its losses amid Japan’s intervention in the market and amid news that Iran submitted a new proposal drove Oil prices lower. At the time of writing, the XAU/USD pair trades at $4,643 after bouncing off daily lows of $4,560. Bullion […]