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NFP landed squarely in the “Goldilocks” range — and the market reacted like it was a blowout. Here’s what the framework got right, what it missed, and why it matters.
Silver Market Brief: Rate Hike Fears Just Hammered Silver
A look at why silver came under heavy pressure, how stronger US data reshaped the rate outlook, and what traders will be watching as XAG/USD tries to find its footing.
Gold Market Brief: The Jobs Report That Sent Gold Below Key Support
A look at the forces pushing gold lower, from the blowout jobs report and rising real yields to the dollar’s rebound, and the levels to watch next week.
Geopolitical whipsaw met hawkish macro repricing in a dramatic week where Friday’s blowout U.S. jobs report sent the dollar higher, gold into freefall, and Bitcoin below $60,000.
Chart Art: AUD/CAD Bears Defend Key Resistance Ahead of Canada Jobs Report
AUD/CAD bears are holding the line at a key resistance zone! With Canada’s jobs data due today, the pair’s next move could come with some real conviction.
Thursday’s session saw equities climb on geopolitical optimism as the Dow hit record highs, while the U.S. dollar slid against most major currencies and crude oil extended its decline.
Though the U.S. NFP report is likely to hog the spotlight on Friday, Canada’s upcoming employment release could still trigger some volatility for Loonie pairs.
Crude oil surged on overnight US-Iran Gulf escalation, snapping the S&P 500’s nine-day winning streak, as strong US economic data broadly reinforced hawkish Federal Reserve rate expectations.
WTI crude oil could be done with its slide, as the pair formed an inverted head and shoulders pattern and appears to be busting through the neckline. Check out the potential targets!
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