FX MARKET DISAGREES WITH FIXED INCOME MARKET POST-NFP DATA
The US dollar is falling after the mixed Nonfarm Payrolls report.
The data showed softer headline growth, lower unemployment, and wage increases due to benchmark revisions.
US bond yields rose by 4-5 basis points, signaling bearish sentiment.
Despite rising yields, the US dollar is weakening, with AUD/USD rising.
GOLD SEES RECOVERY RALLY HALT NEAR $2,912 Gold’s rally paused near $2,912 after a surge in the European session on Tuesday. A possible German defense spending deal weakened the US Dollar, supporting Gold. Traders are reversing weekly losses, sending Gold into positive territory for the week. Gold
VOLKSWAGEN SEES LIMITED GROWTH IN 2025 AMID GLOBAL TRADE TENSIONS Volkswagen expects only modest growth in 2025 due to global trade tensions and competition. The company anticipates a maximum sales revenue increase of 5% compared to 2024. Expected operating return on sales to be between 5.5% and 6.5%
Gold prices increased on Tuesday. The U.S. dollar became weaker. Investors bought gold as a safe investment. They are waiting for U.S. inflation data. The data will help understand the Federal Reserve’s next moves. There are concerns about trade tensions and slow economic growth. This follows tariffs
Gold price rises above $2,900 in the European session. Investors are buying gold as a safe-haven asset. Concerns over Trump’s trade tariffs and geopolitical risks support gold’s rise.