GBP/CAD Exchange rate
Editors’ Picks
AUD/USD bulls await Aussie wage announcements, US NFP on the way to 0.6600
AUD/USD buyers take a breather at the weekly top, making rounds to 0.6565-75 after rising the most in seven weeks the previous day. The Aussie pair cheered the broad US Dollar weakness and upbeat catalysts from the biggest customer China the previous day to post a stellar run-up.
EUR/USD bulls need validation from 100-day EMA and US NFP
EUR/USD seesaws around 1.0760 during Friday’s sluggish Asian session, after rising the most in nearly two months the previous day. In doing so, the Euro pair portrays the pre-NFP consolidation amid a cautious mood and a light calendar, as well as mixed technical catalysts.
Gold run-up approaches $2,000 as United States Nonfarm Payrolls loom
Gold remains on the front foot at the weekly high, making rounds to $1,975-77 amid early Asian session on Friday following the two-day uptrend. With this, the yellow metal braces for the first weekly gains in four amid broad weakness in the United States Treasury bond yields and US Dollar.
Token unlocks trouble the market despite the events’ role in project stability
Token unlocks help maneuver volatility in the market as the releases bring opportunities for increased liquidity and, therefore, potential gains. Nevertheless, akin to the laws of demand and supply, the events lead to a fall in crypto prices for some assets.
The June rate hike needle has been moved precipitously lower
Even though equity market investors had, for the most part, looked through the debt ceiling drama, US stocks still rallied in relief rally fashion as investors revelled after perhaps one of the most significant economic downside risks of the year had been skirted.