Trading news

The NZD/USD pair collapsed on Friday, diving toward the 0.5600 area as bearish momentum dominated the session. The pair traded deep in the red, shedding over 3% on the day and remaining mid-range between recent extremes at 0.5551 and 0.5798.

Silver price plummeted on Friday as financial market turmoil continued for the third straight day, following US President Donald Trump's decision to impose reciprocal tariffs. Consequently, China retaliated, sparking fears of a global economic slowdown.

The AUD/USD pair crumbled below key psychological support during Friday’s American session, sliding toward the 0.6050 region and marking its lowest level in five years.

 Gold (XAU) price extended its losses on Friday and plunged to a seven-day low of $3,015 before recovering some ground, following a speech by Federal Reserve (Fed) Chair Jerome Powell, which indicated that inflation could reaccelerate due to tariffs. XAU/USD trades at $3,029, down 2.70%.

The AUD/JPY pair tumbled aggressively on Friday, retreating toward the 88.60 area after shedding over 4% during the day. The move represents one of the steepest intraday declines in recent sessions, dragging the pair away from the recent highs and into a mid-range zone between 87.41 and 92.64.

The Dow Jones Industrial Average (DJIA) had one of its worst trading days since the pandemic period, shedding over 2,000 points to fall over 5% on the day and putting the major equity index on pace for one of its worst-ever trading days in absolute points terms.

United States CFTC S&P 500 NC Net Positions up to $-19K from previous $-53.4K

Japan CFTC JPY NC Net Positions fell from previous ¥125.4K to ¥121.8K

United Kingdom CFTC GBP NC Net Positions declined to £34.6K from previous £44.3K

Australia CFTC AUD NC Net Positions climbed from previous $-77.4K to $-75.9K

United States CFTC Oil NC Net Positions dipped from previous 180.6K to 167.7K

United States CFTC Gold NC Net Positions down to $238.4K from previous $249.8K

Eurozone CFTC EUR NC Net Positions down to €51.8K from previous €65.5K

The Mexican Peso (MXN) depreciates sharply against the US Dollar (USD) on Friday, erasing Thursday’s gains, which drove the exchange rate below the crucial 20.00 figure towards testing the 200-day Simple Moving Average (SMA) at 19.78.

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, rises on Friday and is trading near the 103 area following a stronger-than-anticipated Nonfarm Payrolls report.

United States Baker Hughes US Oil Rig Count above forecasts (483): Actual (489)

Gold prices extend their drop for the second consecutive day, hitting a seven-day low of $3,023 per troy ounce, down more than 2.80% as Federal Reserve Chair Jerome Powell turned hawkish in a conference in Virginia.

EUR/USD churned near 1.1000 on Friday, sticking mostly flat as exhausted markets were greeted by an overly-cautious Federal Reserve (Fed) Chair Powell, who warned that inflation and recession risks thanks to tariffs will make it less, not more, likely that the Fed will cut rates sooner.

During Friday’s session following the European close, the EUR/USD pair slipped back toward the 1.1000 area, surrendering part of its early-week strength.

Federal Reserve (Fed) Chairman Jerome Powell said on Friday that US President Donald Trump's tariffs are bigger than expected, and they risk higher inflation and slower growth, while delivering his prepared speech at the annual conference for the Society for Advancing Business Editing and Writing on