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USD/CHF Price Forecast: Sinks below 0.80 on weak NFP data
The USD/CHF extended its losses on Friday, tumbling below the 50-day Simple Moving Average (SMA) at 0.8020. The release of a worse than expected US Nonfarm Payrolls report, cemented the case for a Fed rate cut at the September meeting. At the time of writing, the pair trades at 0.7980, down 0.94%.
EUR/USD jumps to 1.1714 as weak US jobs data sinks Dollar
The EUR/USD advanced during the North American session after the latest employment report in the United Sates (US) showed the labor market is deteriorating. Consequently, investors ditched the US Dollar as the first rate cut by the Federal Reserve in 2025 looms.
Canadian Dollar reverse bullish momentum, backslides further on Friday
The Canadian Dollar (CAD) soured on Friday, skidding into a fifth consecutive losing day against the US Dollar (USD) after employment figures from both Canada and the United States (US) showed both countries are failing to absorb the negative impacts of US President Donald Trump's trade war with the
Fed's Goolsbee remains undecided on September rate decision
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Friday that while sinking employment data is typically a cause for interest rate cuts, still-high inflation data is still cause for concern, and key Fed officials may not be fully sold on a September rate cut.
USD/CHF plunges below 0.8000 as weak NFP boosts odds of deeper Fed cuts
The Swiss Franc (CHF) gains ground against the US Dollar (USD) on Friday, with USD/CHF sliding below the 0.8000 psychological mark to touch its lowest level since July 28.
Gold blasts to record $3,600 as weak NFP ignite Fed cut frenzy
Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate cuts. XAU/USD trades at $3,594, up 1.30% at the time of writing.
Dow Jones Industrial Average tumbles 250 points as NFP figures dip faster than expected
The Dow Jones Industrial Average (DJIA) sank on Friday, falling nearly 500 points at its lowest after United States (US) Nonfarm Payrolls (NFP) data showed the US added far fewer jobs than expected, pinning expectations of a Federal Reserve (Fed) interest rate cut on September 17.
WTI hits three-month low as OPEC+ meeting looms
West Texas Intermediate (WTI) Crude Oil is heading into the weekend under heavy pressure, extending its losing streak to a third straight day as traders brace for the Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting on Sunday, September 7.
US Treasury Secretary Scott Bessent says the Fed must re-establish its credibility
United States (US) Treasury Secretary Scott Bessent warned that the Federal Reserve (Fed) must re-establish its crediblity and trust with the American people during an interview with the Wall Street Journal, published on Friday.
US: We now expect a 50bps Fed cut in September - Standard Chartered
August non-farm payrolls rose just 22k, well below the 75k consensus; three-month average is now 29k.
AUD/USD jumps to six-week high as weak US NFP cement Fed cut
The AUD/USD rallies to six weeks high of 0.6588 after the latest Nonfarm Payrolls report in the United States (US), had cemented the case that the Federal Reserve would cut rates at the September meeting. The pair trades at 0.6565 up 0.40%
Silver consolidates near 14-year high as weak NFP data boosts Fed cut bets
Silver (XAG/USD) is holding firm around $41.00 on Friday after retesting multi-year highs in the wake of soft US Nonfarm Payrolls (NFP) data. The metal peaked at $41.47 on Wednesday, its strongest level since September 2011, before easing slightly on Thursday.
USD/CAD steadies near 1.3800 as Canada jobs slump offsets US Dollar weakness
The Canadian Dollar (CAD) weakens on Friday after dismal labor market data, but broad US Dollar (USD) softness following a weak US Nonfarm Payrolls (NFP) report kept USD/CAD's upside in check. The pair is holding near the 1.3800 handle, rebounding from a four-day low in the aftermath of the release.
ECB preview: The ECB's rate cut cycle is probably over - ABN AMRO
The Governing Council kept policy on hold in July, and is likely to remain on hold at the September meeting and for the foreseeable future, ABN AMRO's economists Nick Kounis and Bill Divney report.
US Dollar Index sinks below 98.00 as Fed rate cut bets pick up pace
The Greenback loses further momentum on Friday, en route to weekly losses.
USD/JPY drops toward 147.00 as USD weakens after NFP data
After spending the first half of the day comfortably above 148.00, USD/JPY reversed its direction in the American session and dropped toward 147.00. As of writing, the pair was down 0.75% on the day at 147.30.
Canada Unemployment Rate rises to 7.1% in August vs. 7% expected
The Unemployment Rate in Canada rose to 7.1% in August from 6.9% in July, Statistics Canada reported on Friday. This reading came in worse than the market expectation of 7%.
GBP/USD climbs above 1.3500 after dismal US jobs data
GBP/USD gathered bullish momentum and climbed above 1.3500 in the American session on Friday. At the time of press, the pair was up 0.6% on the day at 1.3515.
EUR/USD surges above 1.1700 as weak US NFP drags Dollar Index and yields lower
The Euro (EUR) rallies against the US Dollar (USD) on Friday after the US Nonfarm Payrolls (NFP) report disappointed with just 22K jobs added in August, far below the 75K expected and July's 79K (revised from 73K).
EUR/GBP steadies as markets weigh Eurozone growth and UK Retail Sales
The Euro (EUR) edges higher against the British Pound (GBP) on Friday, with EUR/GBP trading around 0.8680 during the European session.
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