GERMAN FACTORY ORDERS SHRINK AT WORST PACE IN A YEAR German factory orders dropped 7% in February, the worst decline in a year. The contraction highlights significant damage to the manufacturing sector. The drop raises concerns about Germany's economic growth.
Oil prices did not change much on Friday. This week, oil prices fell the most since October. People are worried because the U.S. may change its trade tariffs. If tariffs change, oil demand might go down. At the same time, big oil producers are planning to pump more oil.
Stock futures went up on Friday morning after a big drop on Thursday. Investors are waiting for an important jobs report coming later in the day. Dow Jones futures rose by 63 points (0.15%). S&P 500 futures increased by 0.28%. Nasdaq 100 futures climbed by 0.
The GBP/USD currency pair is rising above 1.2900. It first stayed steady during the Asian trading session. In the European session, it started gaining strength again. The US dollar is weakening because US bond yields are falling. Traders are waiting for important US job data.
Gold price is going down for the second day in a row. Some factors are still supporting the price. A key US jobs report (NFP) is coming on Friday. Trade tensions are making investors worried.
GOLD PRICE EXTENDS CONSOLIDATION ABOVE $2,900 AHEAD OF US NFP Gold price remains range-bound above $2,900 as traders await the US NFP release. Rising trade tensions, a weaker USD, and risk-off sentiment support gold. Expectations of more Fed rate cuts help limit losses for XAU/USD.
TOP 3 PRICE PREDICTION: BTC, ETH, AND XRP STRUGGLE DESPITE TRUMP’S BITCOIN RESERVE ORDER Bitcoin (BTC) declines to $87,000, down 7% this week. Ethereum (ETH) tests key support at $2,125; further decline possible. Ripple (XRP) falls 4.7% on Friday, down nearly 16% this week. Trump’s
EUR/USD MAINTAINS POSITION ABOVE 1.0800 NEAR FOUR-MONTH HIGHS EUR/USD near 1.0853, a four-month high. US Dollar weakens as Treasury yields drop, signaling dovish Fed outlook. ECB's Lagarde warns of downside growth risks. EUR/USD rises as markets anticipate aggressive Fed rate cuts amid US
The Japanese Yen is strong and near its highest level in months. Investors expect the Bank of Japan (BoJ) to raise interest rates further. Worries about trade tariffs and a weak market make the Yen more attractive as a safe-haven currency. The US Dollar is weaker because people think the
GOLD PRICE FORECAST: XAU/USD EXTENDS CONSOLIDATIVE PHASE ABOVE $2,900 XAU/USD trading at $2,916.91. Ongoing US tariff uncertainties keeping investors cautious. February Nonfarm Payrolls report set for release on Friday. XAU/USD losing bullish momentum, but sellers remain inactive.
US FEDERAL RESERVE OFFICIAL WARNS: NEW RISKS THREATEN THE ECONOMY! highlighted risks to the US dollar’s reserve status. Concerned about declining business and consumer confidence. Warned that reduced confidence could lead to slower spending, investment, and economic growth.
US JOB GROWTH EXPECTED TO REBOUND IN FEBRUARY Nonfarm Payrolls expected to rise by 160K, up from 143K in January. Unemployment rate forecast to remain at 4%. Employment data may prompt markets to reconsider a May Fed rate cut.