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Moody’s Flags South32 Downgrade Risk After Alcoa Deal

July 3, 2026 7:50 am
Key Moments Moody’s Ratings placed South32’s Baa1/P-2 issuer and commercial paper ratings on review for downgrade after the miner agreed to sell key aluminium assets to Alcoa for up to $5.6 billion. The divestment covers operations that delivered about 37% of South32’s underlying earnings, on average, over the five fiscal years through 2025, which Moody’s […] Read more

Swiss Franc Advances Weak U.S. Jobs Data Weighs Dollar

July 3, 2026 7:19 am
Key Moments USD/CHF traded near 0.8020 in Asian hours on Friday, marking a second straight session of declines. June U.S. Nonfarm Payrolls added 57,000 jobs versus expectations of 110,000, prompting markets to cut September Fed rate-hike odds to 52% from 66%. Swiss CPI rose 0.5% year-on-year in June, its lowest reading since March, while monthly […] Read more

Sterling Advances vs Dollar as 100-Day Average Caps Gains

July 3, 2026 7:15 am
Key Moments GBP/USD trades near 1.3360 in early European dealings on Friday after a weaker-than-expected US Nonfarm Payrolls report. Market-implied probability of a US Federal Reserve rate hike by September eases to about 52% from 66% before the jobs release. The pair holds above 1.3300 support but remains constrained below the 100-day simple moving average […] Read more

Euro Holds Firm vs Dollar as Bulls Test Key Resistance

July 3, 2026 7:09 am
Key Moments EUR/USD has advanced for a second consecutive session, trading just below the mid-1.1400s after buyers emerged in Asia. Reduced expectations for a Federal Reserve rate hike have pressured the US Dollar, offering support to the euro. Technical signals are mixed, with a bearish flag pattern and key resistance levels suggesting caution before targeting […] Read more

Gold Extends Three-Day Rally as Softer Fed Weighs on Dollar

July 3, 2026 6:52 am
Key Moments Gold (XAU/USD) advanced for a third straight session and approached a one-and-a-half-week high, staying on course for its first weekly gain in five weeks. Weaker-than-expected US Nonfarm Payrolls and a downward revision to prior jobs data dampened expectations for Fed rate hikes in 2026, pressuring the US Dollar. Geopolitical tensions around US-Iran dynamics […] Read more

PBOC Sets Stronger Yuan Fix as Daily Rate Edges Lower

July 3, 2026 5:50 am
Key Moments The People’s Bank of China set the USD/CNY central parity at 6.8047 for Friday’s session. The new fixing compared with the prior day’s reference rate of 6.8088. The 6.8047 setting contrasted with a 6.7808 estimate reported by Reuters. Latest USD/CNY Central Parity Fix On Friday, the People’s Bank of China (PBoC) set the […] Read more

Euro Slides vs Yen as Intervention Fears Rise

July 2, 2026 2:13 pm
Key Moments EUR/JPY dropped more than 100 pips as the Yen strengthened sharply amid speculation of Japanese intervention. The pair found support near 183.75, with intraday momentum indicators still signaling a bearish bias. JPY outperformed major peers, registering its strongest move against the Australian Dollar in today’s trading. Euro Under Pressure as Yen Stages Broad […] Read more

Ouster Falls Pre-Market After Discounted Equity Sale

July 2, 2026 1:35 pm
Key Moments Ouster shares declined 6.0% in pre-market trading after the company priced an underwritten public offering of approximately 3.6 million shares at $55.22 each. The offering price sat below the prior close of $60.02 and near the 52-week high of $63.79, underscoring the immediate dilutive impact for existing shareholders. Additional SEC filings and a […] Read more

U.S. Cattle Futures Steady on Holiday Demand Worries

July 2, 2026 1:10 pm
Key Moments August live cattle on CME settled at 241.825 cents per pound, down 0.600 cent while remaining within the prior day’s trading range USDA priced choice beef at $391.26 per hundredweight, a decline of $1.90, as hot weather contributed to expectations of softer seasonal demand HedgersEdge estimated beef packer margins at a loss of […] Read more

Euro Outperforms Canadian Dollar as Jobs Data and Oils

July 2, 2026 10:20 am
Key Moments EUR/CAD trades near 1.6200 after Eurozone unemployment declined to 6.2% in May, beating expectations of 6.3% ECB officials signal mixed views on the next policy step, with Pierre Wunsch arguing against more tightening and Martin Kocher warning wage growth may warrant a hike or pause Canadian Dollar faces headwinds as oil prices retreat […] Read more