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GBP/USD remains on the defensive below 1.3500 on firmer USD; downside seems limited
The GBP/USD pair kicks off the new week on a softer note and slips back below the 1.3500 psychological mark during the Asian session.
SNB's Schlegel says he has high bar for next rate cut -- Bloomberg
The Swiss National Bank (SNB) President Martin Schlegel said that the bar is very high for a return to negative borrowing costs because of their adverse impact on savers and pension funds, Bloomberg reported on Monday.
China to reopen bond market to Russian energy firms amid deepening ties -- FT
China is resuming its domestic bond market with top Russian energy companies, indicating deeper economic and political relations with Moscow, the Financial Times reported on Monday, citing two people familiar with the matter.
US President Donald Trump says not happy with Russia-Ukraine situation -- Reuters
US President Donald Trump said on Sunday that European leaders would visit the United States (US) on Monday or Tuesday to discuss how to resolve the Russia-Ukraine war, Reuters reported.
Gold Price Forecast: XAU/USD edges higher to near $3,600 as weak NFP data fuel Fed rate cut bets
The Gold price (XAU/USD) extends the rally to near $3,590 during the early Asian session on Monday. The precious metal edges higher near an all-time high as soft US jobs data further cemented expectations for a US Federal Reserve (Fed) rate cut later this month.
Japan's GDP rises 0.5% QoQ in Q2 2025 vs 0.3% expected
The Japanese economy grew 0.5% over the quarter in the second quarter (Q2) of 2025, the final reading released by Japan's Cabinet Office showed on Monday.
OPEC+ agrees on a further oil output boost in October
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) said on Sunday that they have agreed to further raise oil production from October as its leader, Saudi Arabia, pushes to regain market share, Bloomberg reported.
PBoC buys gold in August for 10th consecutive month
The People's Bank of China (PBoC) added gold to its reserves in August, extending purchases of bullion into a 10th straight month, official data showed on Sunday.
USD/JPY gains traction above 148.00 as Japan's PM Ishiba to step down
The USD/JPY pair gains momentum to around 148.30 during the early Asian session on Monday. The Japanese Yen (JPY) weakens against the US Dollar (USD) after Japan's Prime Minister Shigeru Ishiba's resignation raised worries over political uncertainty in Japan.
Japan's Ishiba to step down after election setback -- Bloomberg
Japanese Prime Minister Shigeru Ishiba stated that he will step down, following weeks of calls for his departure in the aftermath of a second national election setback, Bloomberg reported on Sunday. Ishiba added that he would serve as prime minister until his replacement comes up.
USD/CHF Price Forecast: Sinks below 0.80 on weak NFP data
The USD/CHF extended its losses on Friday, tumbling below the 50-day Simple Moving Average (SMA) at 0.8020. The release of a worse than expected US Nonfarm Payrolls report, cemented the case for a Fed rate cut at the September meeting. At the time of writing, the pair trades at 0.7980, down 0.94%.
EUR/USD jumps to 1.1714 as weak US jobs data sinks Dollar
The EUR/USD advanced during the North American session after the latest employment report in the United Sates (US) showed the labor market is deteriorating. Consequently, investors ditched the US Dollar as the first rate cut by the Federal Reserve in 2025 looms.
Canadian Dollar reverse bullish momentum, backslides further on Friday
The Canadian Dollar (CAD) soured on Friday, skidding into a fifth consecutive losing day against the US Dollar (USD) after employment figures from both Canada and the United States (US) showed both countries are failing to absorb the negative impacts of US President Donald Trump's trade war with the
Fed's Goolsbee remains undecided on September rate decision
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Friday that while sinking employment data is typically a cause for interest rate cuts, still-high inflation data is still cause for concern, and key Fed officials may not be fully sold on a September rate cut.
USD/CHF plunges below 0.8000 as weak NFP boosts odds of deeper Fed cuts
The Swiss Franc (CHF) gains ground against the US Dollar (USD) on Friday, with USD/CHF sliding below the 0.8000 psychological mark to touch its lowest level since July 28.
Gold blasts to record $3,600 as weak NFP ignite Fed cut frenzy
Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate cuts. XAU/USD trades at $3,594, up 1.30% at the time of writing.
Dow Jones Industrial Average tumbles 250 points as NFP figures dip faster than expected
The Dow Jones Industrial Average (DJIA) sank on Friday, falling nearly 500 points at its lowest after United States (US) Nonfarm Payrolls (NFP) data showed the US added far fewer jobs than expected, pinning expectations of a Federal Reserve (Fed) interest rate cut on September 17.
WTI hits three-month low as OPEC+ meeting looms
West Texas Intermediate (WTI) Crude Oil is heading into the weekend under heavy pressure, extending its losing streak to a third straight day as traders brace for the Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting on Sunday, September 7.
US Treasury Secretary Scott Bessent says the Fed must re-establish its credibility
United States (US) Treasury Secretary Scott Bessent warned that the Federal Reserve (Fed) must re-establish its crediblity and trust with the American people during an interview with the Wall Street Journal, published on Friday.
US: We now expect a 50bps Fed cut in September - Standard Chartered
August non-farm payrolls rose just 22k, well below the 75k consensus; three-month average is now 29k.
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