Trading news

Chinese Commerce Ministry said in a statement on Friday that “China and US stepping up efforts to implement the outcomes of the London framework.”

The EUR/USD pair trades in a tight range around 1.1760 during the Asian session on Friday. The major currency pair exhibits a lackluster performance amid a holiday in the United States (US) markets on account of Independence Day.

NZD/USD remains subdued for the third successive session, trading around 0.6070 during the Asian hours on Friday.

The Japanese Yen (JPY) scales higher during the Asian session on Friday following the release of strong domestic Household Spending data, which keeps the door open for more interest rate hikes by the Bank of Japan (BoJ).

West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $66.10 per barrel during the Asian hours on Friday.

The USD/CAD pair oscillated in a narrow band during the Asian session on Friday and remains close to a nearly three-week low touched the previous day. Spot prices currently trade around the 1.3575 area, nearly unchanged for the day amid mixed cues.

US President Donald Trump said late Thursday that he “will begin sending letters on trade tariffs starting Friday.”

The Australian Dollar (AUD) extends its losses against the US Dollar (USD) on Friday, as stronger-than-expected US job growth and a surprise drop in the unemployment rate data overshadow investors' hopes for a Federal Reserve (Fed) interest rate cut.

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1535 as compared to the previous day's fix of 7.1523 and 7.1688 Reuters estimate.

Japan Overall Household Spending (YoY) came in at 4.7%, above forecasts (1.2%) in May

South Korea Current Account Balance increased to 10.14B in May from previous 5.7B

GBP/USD churned away near the low-end of a near-term decline on Thursday, bolstered by selling pressure forcing the US Dollar lower after US Nonfarm Payrolls (NFP) jobs data came in hotter than expected.

Silver price trades above two-week highs on Thursday, near the $37.00 figure, up by 0.86% at the time of writing. Upbeat economic data in the United States (US) boosted the Greenback, mostly against Gold. The grey metal capitalized on the current market structure, as a double-bottom formation looms.

The Euro falls against the US Dollar on Thursday following the release of June’s employment figures in the United States (US), which showed why the Federal Reserve (Fed) is not ready to reduce borrowing costs. At the time of writing, the EUR/USD trades at 1.1744, down 0.45%.

The Australian Dollar (AUD) is edging lower against the US Dollar (USD) on Thursday. Markets are reacting to the latest US Nonfarm Payrolls (NFP) report. 

The Greenback added to Wednesday’s uptick and climbed to fresh multi-day highs boosted by firmer prints from the US Nonfarm Payrolls in June, reinforcing the view of a extremely resilient US labour market and motivating market participants to start repricing potential rate cuts by the Fed in the nex

The Canadian Dollar (CAD) caught further lift on Thursday, rising against the US Dollar (USD) after US Nonfarm Payrolls (NFP) job gains wiped out market fears of a weakening US labor sector.

President Trump's tax-cut and spending bill is passed by the House of Representatives, and it is sent to Trump to be signed into law.

The Dow Jones Industrial Average (DJIA) punched in firm gains on Thursday, testing its highest bids in five months after US Nonfarm Payrolls (NFP) showed more jobs were added in June on a seasonally-adjusted basis than markets feared.

The British Pound (GBP) gains ground against the Japanese Yen (JPY) on Thursday, supported by stronger-than-expected US Non-Farm Payrolls (NFP) data, which lifted global risk sentiment and weighed on traditional safe-haven currency.