It’s been a week of softer data out of the Eurozone, softer data out of the UK, ongoing stress around the French election, and what is expected to be a massive defeat for the Tories in the UK. Yet with all that going on, the Euro and Pound have been rallying along with the rest of the currency market.

 

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GBP/USD tepid as UK election results poised to match early polls, US NFP looms ahead

GBP/USD tepid as UK election results poised to match early polls, US NFP looms ahead

GBP/USD traded in a tight range on Thursday as Cable traders await final results from the UK’s Parliamentary Election, and markets gear up for a fresh round of US Nonfarm Payrolls slated for Friday. US markets were dark on Thursday, crimping overall market flows during the American trading window, but are slated to return on Friday.

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AUD/USD holds its ground, markets eye key NFPs from the US from June

AUD/USD holds its ground, markets eye key NFPs from the US from June

The Australian Dollar held its ground against the USD, maintaining itself in highs since January. This is despite the weaker-than-expected Trade Surplus figures reported during the Asian session as the USD remains weak following Wednesday’s set of soft economic figures reported.

AUD/USD News

Gold price consolidates amid choppy trading ahead US NFP

Gold price consolidates amid choppy trading ahead US NFP

Gold price edge up 0.15% amid thin trading on US Independence Day. XAU/USD reached a two-week high of $2,365 Wednesday, driven by weak US jobs data and heightened Fed rate cut expectations. Traders shift focus to Friday's NFP report.

Gold News

Ethereum bears gain momentum after ETH breaches key support level

Ethereum bears gain momentum after ETH breaches key support level

Ethereum is down more than 5% on Thursday following the US SEC failure to approve ETH ETF issuers' S-1 drafts. Meanwhile, the recent decline has strengthened the bearish outlook after ETH moved below a key support level, sparking $90 million in long liquidations.

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Labour wins a landslide, as Pound is unconcerned by Starmer government

Labour wins a landslide, as Pound is unconcerned by Starmer government

What a difference five years makes, Labour have turned themselves around and are on course to win 410 seats and a 170-seat majority, according to the exit polls conducted by the main UK broadcasters.

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