US Dollar Sell-Off Stalls After Strong US ISM Services Report; NFPs Released on Friday
Strong ISM services data has helped to stem the recent US dollar sell-off with the business activity index seen at its highest level since November 2022.
BoC Cuts Rates as Inflation Settles into Target Range, CAD Weakens
The Bank of Canada cuts rates to 4.75% as inflation settles into the target range. Wages, house prices and geopolitical uncertainty still pose risks to the outlook. Dovish repricing seen in CAD
Gold (XAU/USD) Looking Technically Oversold, US Data, NFPs Key for Next Move
Gold is looking oversold according to one technical indicator, and any weak US data may see the precious metal turn higher in the short-term
AUD/USD Outlook: Aussie Growth Stagnates, Currency Resilient Amid Weaker US Data
Aussie growth stalls in Q1, growing just 0.1% as household spending falters. AUD/USD holds steady for now, with key support and resistance levels identified ahead of NFP
Bitcoin (BTC), Ethereum (ETH) – Technical Outlooks
Bitcoin is currently stuck in a sideways pattern unable to break above $70k. BTC/USD is now starting to press this level again and may be priming for another run at an all-time high.
Commodity Update: Gold, Silver and Oil Decline Ahead of US Jobs Data
A weaker US dollar has struggled to propel commodity prices higher as gold and silver head lower. Oil markets sink on news of supply returning later this year
