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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
GBP/USD trades in positive territory, with the upside capped below 1.3400 in the second half of the day on Friday. The US Dollar remains on the back foot following the weaker-than-expected US Nonfarm Payrolls report, which fades Fed rate hike expectations, and helps the pair stay on track for weekly gains.
EUR/USD builds on Thursday's gains and trades modestly higher on the day at around 1.1450. The US Dollar struggles to find demand following the disappointing June employment report and helps the pair remain on track to end the week in positive territory.
Gold retains its bullish bias for the third straight day and extends its rebound toward $4,200. The precious metal seems poised to register gains for the first time in five weeks as investors reassess the timing of a potential Fed rate hike after the disappointing June employment data.
Hyperliquid (HYPE) extends gains above $66 maintaining a long-term upward trend supported by its rising 50-day EMA around $60. Retail demand for HYPE rises in the near term, with Open Interest up around 5% over 24 hours as funding rates hold above zero, while institutional demand remains muted so far this week.
Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock.
Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.
