News

Gold prices are extending losses against the US Dollar (USD) on Friday, falling below prior psychological support, now resistance, at $3,350, after the US Nonfarm Payrolls (NFP) report showed a resilient labour market.

President Donald Trump also said that he thinks his relationship with Elon Musk is done after their public feud erupted this week.

Japan CFTC JPY NC Net Positions dipped from previous ¥164K to ¥151.1K

United States CFTC S&P 500 NC Net Positions fell from previous $-53K to $-69.4K

Australia CFTC AUD NC Net Positions down to $-63.2K from previous $-61.2K

The Dow Jones Industrial Average (DJIA) briefly tested fresh 13-week peaks on Friday, with equities taking a step higher after Nonfarm Payrolls (NFP) jobs data came in stronger than expected.

United States Consumer Credit Change above expectations ($10.85B) in April: Actual ($17.87B)

Some workers unknowingly pay fees when they leave a job but don’t take their 401(k) with them. Those can eat into their retirement savings.

Nonfarm payrolls were expected to increase 125,000 in May while the unemployment rate stayed at 4.2%.

USD/JPY extended its uptrend for two consecutive days, with the major currency pair reaching a new weekly high of 145.09, driven by solid US economic data on Friday.