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US ISM Services PMI fell to 50.1 in July
📊 Key Data Highlights ISM Services PMI (July): 50.1 Down from June’s 50.8. Below expectations of 51.5 Indicates marginal expansion in the services sector Prices Paid Index: 69.9 Up from 67.5 in June. Highest level since October 2022 Signals intensifying inflationary pressures 📉 Market Reacti
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Canadian Dollar recovers as solid jobs data offsets Trump tariff fears
The Canadian Dollar (CAD) rebounded after hitting a two-week low, following upbeat domestic labour market data.Canada added 83,100 jobs in June, sharply above expectations, while the Unemployment Rate ticked down to 6.9%.Trump targets Canada with 35% tariff starting August 1, citing fentanyl concern
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Gold Price Forecast: XAU/USD extends winning streak on renewed global trade tensions
Gold price rises to near $3,340 as Trump’s fresh tariff threats have increased demand for safe-haven assets.US President Trump imposes 35% tariffs on Canada and prepares to announce additional duties on the EU.Investors shift their focus to the US inflation data for June. Gold price (XAU/USD) extend
