Blogs

Silver price edged higher on Friday, though it retreated after hitting a two-day high of $23.51 after the release of mixed data from the US.

The GBP/USD climbed into a new high for the year at 1.2771 after markets broadly went risk-on after the US Nonfarm Payroll (NFP) data release surged above median forecasts, adding 216K new jobs in December.

West Texas Intermediate (WTI) US Crude Oil rose again on Friday, tapping 74.27 as Middle East tensions continue to weigh on energy markets.

In the Friday trading session, the XAU/USD metal witnessed a downward trend, trading around the $2,040 level after jumping near $2,060.

The Canadian Dollar (CAD) slumped to a new low for the week against the US Dollar (USD) before surging to a three-day high as markets whipsaw after a bumper US Nonfarm Payrolls (NFP) report crushes market forecasts.

United States Baker Hughes US Oil Rig Count up to 501 from previous 500

Brazil Trade Balance above forecasts (7.8B) in December: Actual (9.36B)

The AUD/USD is almost flat during the North American session, after mixed economic data from the United States (US) keeps the Greenback seesawing between gains and losses.

The GBP/USD climbed into a new high for the year at 1.2771 after markets broadly went risk-on after the US Nonfarm Payroll (NFP) data release surged above median forecasts, adding 216K new jobs in December.

The US Dollar (USD), represented by the Dollar Index, is currently trading just above 102.00, showing a downtick of 0.30% due to the markets adjusting dovish bets post the release of December’s Nonfarm Payrolls (NFP) and the ISM PMIs.