Trading news

Silver (XAG/USD) trades around $80.70 on Friday at the time of writing, up 2.98% on the day, supported by a weaker US Dollar (USD) and persistent demand for safe-haven assets amid heightened geopolitical tensions.

The AUD/USD pair surged near the 0.7240 region on Friday as traders digest a combination of escalating Middle East tensions and the latest United States (US) labor market data.

USD/CAD edges higher on Friday as softer-than-expected Canadian employment data weighs on the Canadian Dollar (CAD), even as the US Dollar (USD) remains on the back foot following mixed US labor market data and hopes for a US-Iran deal to end the war.

In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that the job market is "pretty stable."

ING’s Carsten Brzeski highlights that German industrial production weakened further in March, with a 0.7% monthly decline leaving first-quarter output more than 1% below late 2025 levels.

Commerzbank strategists expect Brent to retain a significant risk premium even if a US–Iran agreement is reached and the Strait of Hormuz reopens.

Turkey Treasury Cash Balance increased to -251.242B in April from previous -279.58B

TD Securities’ FX strategists Jayati Bharadwaj and Howard Du note that stronger United States (US) payrolls produced only a modest reaction in the US Dollar (USD), as markets focus more on inflation than labor data.

Nomura’s George Buckley and team argue that even a swift resolution to the US-Iran war and reopening of the Strait would not necessarily stop the European Central Bank (ECB) from raising rates in June.

Royal Bank of Canada (RBC) economist Claire Fan notes that Canada lost 18,000 jobs in April, bringing total job losses in 2026 to 112,000, while the unemployment rate rose to 6.9%. Hours worked were flat and participation increased.

GBP/USD advances around 1.3630 on Friday at the time of writing, up 0.54% on the day, benefiting from broad US Dollar weakness following the release of the US employment report.

American consumer confidence is expected to have deflated in early May, as households have been growing more pessimistic about current conditions and the broader economic outlook, according to preliminary data from the University of Michigan.

The Euro (EUR) strengthens against the US Dollar (USD) on Friday as the Greenback remains under pressure following mixed US labor market data. At the time of writing, EUR/USD is trading around 1.1777, up roughly 0.44% on the day.

United States UoM 1-year Consumer Inflation Expectations down to 4.5% in May from previous 4.7%

United States UoM 5-year Consumer Inflation Expectation declined to 3.4% in May from previous 3.5%

United States Michigan Consumer Expectations Index climbed from previous 48.1 to 48.5 in May

United States Michigan Consumer Sentiment Index below forecasts (49.5) in May: Actual (48.2)

United States Wholesale Inventories came in at 1.3%, below expectations (1.4%) in March

Commerzbank’s Bernd Weidensteiner notes that United States (US) employment rose by 115,000 in April, beating expectations and signaling a recovery after prior weakness. The six‑month average of job gains is picking up again, supported by strong corporate profits and favorable financing conditions.

Inflows returned to global Gold ETFs in April, with funds from the United Kingdom (UK) leading the surge, as the price of the precious metal stabilized after March’s sharp decline.