Summary
Join professional traders Phil Carr and Nik Kalsi of The Gold and Silver Club LIVE as they analyse the commodity markets and identify highly profitable trade set-ups on Gold, Silver, Oil, Natural Gas & the Commodity Currencies. THE MOST IMPORTANT U.S Economic Report of the month, the U.S Jobs Report (Non-Farm Payrolls) added fewer Non-Farm Jobs than expected in March but showed continued improvement, while the national unemployment rate held steady, missing expectations. The world's largest economy gained 192,000 non-farm payrolls in March compared to expectations of 200,000 and the previous month's 175,000. The national unemployment rate, meanwhile, stayed at 6.7%. From a technical perspective the figure fell below the estimate of 200K, triggering a sharp sell off on the USD Index, whilst Gold prices broke above $1300 an ounce. The big question now is: Will Gold prices continue to trader higher this week?Latest Live Videos
Editors’ Picks
EUR/USD consolidates below 1.0900 following Wednesday's rally
EUR/USD trades in a tight range below 1.0900 after registering impressive gains on Wednesday. The US Dollar struggles to stage a rebound following the CPI-inspired selloff as investors await mid-tier data releases and comments from Fed officials.
GBP/USD corrects lower after testing 1.2700
Following Wednesday's upsurge, GBP/USD stretched higher and touched a fresh multi-week high at 1.2700 in the Asian session on Thursday. With the market focus shifting to US Jobless Claims data, the pair corrects lower in the European trading hours.
Gold price drifts higher as US CPI inflation fuels Fed rate cuts
The Gold price gains traction amid the weaker US Dollar on Thursday. The recent CPI report showed inflation in the US slowed in April, prompting market players to increase their bets on the US Fed rate cuts this year.
DOGE’s 15% upside potential hinges on Bitcoin holding above $65K
Dogecoin price is trading with a bullish bias, leading meme coins north as sector bulls resurface. This show of hand comes after Bitcoin price broke past the $65,000 threshold and could extend if the pioneer cryptocurrency holds above this level.
Dow Jones Industrial Average soars 350 points, sets new all-time high as rate cut hopes surge
The Dow Jones Industrial Average clipped into a fresh all-time high on Wednesday, gaining almost nine-tenths of a percent during the US market session after US Consumer Price Index inflation slipped further back.