Eurozone CFTC EUR NC Net Positions up to €118.7K from previous €115.4K
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Editors’ Picks
EUR/USD rallies above 1.1700 on dovish Powell remarks
EUR/USD gathers bullish momentum and climbs above 1.1700 in the American session on Friday. The US Buck weakens against its peers following Fed Chair Jerome Powell’s dovish remarks on the Jackson Hole Symposium, fuelling the pair’s rally.
GBP/USD climbs above 1.3500 on vast USD weakness
GBP/USD turns north in the 2nd half of the day on Friday and trades above 1.3500. Fed Chair Jerome Powell acknowledged worsening prerequisites in the labor market and launched a brand recent policy framework of versatile inflation focusing on, triggering a USD selloff.
Gold advances to current weekly excessive above $3,370
Gold makes a provocative U-turn following an earlier tumble and trades at a current weekly excessive above $3,370 on Friday. The benchmark 10-year US Treasury bond yield declines sharply on Fed Chair Jerome Powell’s dovish tone on the Jackson Hole Symposium, serving to XAU/USD push higher.
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