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US indices open higher as AI momentum offsets government shutdown uncertainty
US stocks edge higher at the opening of Wall Street on Friday as investors look ahead to fresh consumer sentiment data and keep a close eye on developments in the Artificial Intelligence (AI) sector.
USD/CAD retreats below 1.4000 as strong Canada jobs data boost the Loonie
The Canadian Dollar (CAD) gains traction against the US Dollar (USD) on Friday, snapping a three-day losing streak after upbeat employment figures boosted investor confidence and helped offset recent Greenback strength.
Are big tech ETFs strong enough to weather AI bubble fears?
Wall Street has been mulling over fears of a bubble in the artificial intelligence (AI) space for quite some time.
Breaking: Canada Unemployment Rate stays unchanged at 7.1% in September
The Unemployment Rate in Canada remained unchanged at 7.1% in September, Statistics Canada reported on Friday. This reading came in better than the market expectation of 7.2%.
Pound Sterling Price News and Forecast: GBP struggles to stabilize against US Dollar
The Pound Sterling (GBP) strives to gain ground against the US Dollar (USD) during Friday's European trading session after posting a fresh two-month low around 1.3280 earlier in the day.
Canada Participation Rate: 65.2% (September) vs 65.1%
Canada Participation Rate: 65.2% (September) vs 65.1%
Canada Net Change in Employment registered at 60.4K above expectations (5K) in September
Canada Net Change in Employment registered at 60.4K above expectations (5K) in September
Canada Unemployment Rate below forecasts (7.2%) in September: Actual (7.1%)
Canada Unemployment Rate below forecasts (7.2%) in September: Actual (7.1%)
Mexico Industrial Output (YoY) registered at -3.6%, below expectations (-2.2%) in August
Mexico Industrial Output (YoY) registered at -3.6%, below expectations (-2.2%) in August
Pound Sterling struggles to stabilize against US Dollar despite dovish Fed remarks
The Pound Sterling (GBP) strives to gain ground against the US Dollar (USD) during Friday's European trading session after posting a fresh two-month low around 1.3280 earlier in the day.
AUD/USD ticks lower as US Dollar trades firmly, US data eyed
The AUD/USD pair edges lower to near 0.6550 during the late European trading session on Friday. The Aussie pair faces a slight selling pressure as the US Dollar holds onto gains driven by recent political developments in Japan and France.
USD/CNH: Likely to trade in a range between 7.1200 and 7.1550 – UOB Group
USD is expected to trade in a range between 7.1200 and 7.1550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
JPY is outperforming with modest gain – Scotiabank
The Japanese Yen (JPY) is up 0.2% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY: Likely to trade in a range of 152.40/153.40 – UOB Group
US Dollar (USD) is likely to trade in a range of 152.40/153.40. In the longer run, further USD strength is likely; the level to watch is 153.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP weak and underperforming most G10 currencies – Scotiabank
The Pound Sterling (GBP) is weak, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies with the exception of NOK, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Philippines Gold price today: Gold falls, according to FXStreet data
Gold prices fell in Philippines on Friday, according to data compiled by FXStreet.
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Gold prices fell in United Arab Emirates on Friday, according to data compiled by FXStreet.
GBP/JP retreats further from YTD peak as verbal intervention aids JPY; holds above 203.00
The GBP/JPY cross attracts some follow-through selling for the second consecutive day on Friday and retreats further from its highest level since July 2024, around the 205.30 region touched earlier this week.
GBP/USD holds ground above 1.3300 due to BoE's cautious outlook
GBP/USD inches higher after three days of losses, trading around 1.3310 during the Asian hours on Friday. The pair may appreciate as the Pound Sterling (GBP) may gain ground amid cautious sentiment surrounding the Bank of England’s (BoE) monetary policy stance.
Pakistan Gold price today: Gold falls, according to FXStreet data
Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet.
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