The US Dollar Index (DXY) is visiting the 105 level with sharp losses at the end of the trading week.

At the end of the week, the NZD/USD rallied to around 0.6050, up by 0.80%.

EUR/USD drove into a fresh weekly high on Friday, breaking above recent congestion after a broad miss in US Nonfarm Payrolls (NFP) labor and wages figures that reignited broad-market hopes for an accelerated path towards Federal Reserve (Fed) rate cuts.

The Dow Jones Industrial Average (DJIA) climbed 1.15% on Friday after a broad miss from US Nonfarm Payrolls (NFP) and other key labor data revealed a steep weakening in the US domestic economy, sparking increased bets of rate cuts from the Federal Reserve.

Gold erased its earlier gains on Friday after the US Bureau of Labor Statistics (BLS) revealed that Nonfarm Payrolls for April missed estimates, depicting a cooling jobs market.

The Canadian Dollar (CAD) fell across the board on Friday after US Nonfarm Payrolls (NFP) and wage data gave a wide miss on forecasts, sending the Canadian Dollar into the low end after an early spark.

Silver price uptrend continued during the week despite registering losses of around 2.40%.

The Mexican Peso failed to hold to earlier gains versus the US Dollar on Friday after a softer-than-expected employment report in the United States (US) reignited speculation that the Federal Reserve (Fed) might lower interest rates as the jobs market weakened.

The USD/NOK pair is trading at 10.861, exhibiting a decline of 1.19% on Friday’s session.

GBP/JPY is trading flat near the 192.00 handle after the Bank of Japan (BoJ) is suspected of directly intervening in FX markets to prop up the battered Japanese Yen (JPY) twice in two days earlier this week.

United States CFTC Gold NC Net Positions increased to $204.2K from previous $202.9K

United Kingdom CFTC GBP NC Net Positions down to £-29K from previous £-26.2K

Eurozone CFTC EUR NC Net Positions increased to €-6.8K from previous €-10K

Japan CFTC JPY NC Net Positions increased to ¥-168.4K from previous ¥-179.9K

Australia CFTC AUD NC Net Positions climbed from previous $-96.2K to $-83.2K

United States CFTC S&P 500 NC Net Positions fell from previous $67.7K to $43.1K

United States CFTC Oil NC Net Positions up to 265.5K from previous 264.8K

The USD/JPY dropped for the third straight day and accumulated losses of more than 3.40% in the week after a suspected intervention by the Bank of Japan (BoJ) on Monday.

The EUR/JPY pair declined to 164.72 on Friday, reflecting subtle bears' influence with daily losses.

United States Baker Hughes US Oil Rig Count declined to 499 from previous 506

Federal Reserve (Fed) Board of Governors member Michelle W.

Another dreadful week for the Greenback saw the USD Index (DXY) tumble to three-week lows well south of the 105.00 support, mainly in response to the dovish tone at the FOMC event and the softer-than-expected Nonfarm Payrolls in April.

The Pound Sterling holds to gains versus the US Dollar yet retraced from three-week highs reached at 1.2634 following a softer than expected US Nonfarm Payrolls report.

Commenting on April labor market data, Federal Reserve Bank of Chicago President Austan Goolsbee told Bloomberg TV that it was a solid report with 175,000 new jobs.

The Mexican Peso (MXN) edges higher in most pairs on Friday as investor risk appetite remains strong, supporting commodity-related currencies and risk-sensitive FX such as the Mexican Peso.

The Pound Sterling (GBP) reverses gains after rallying to the round-level resistance of 1.2600 against the US Dollar (USD) in Friday’s early New York session.

The Gold price (XAU/USD) edges lower on Friday, trading down to just above $2,300, as safe-haven demand for the precious metal diminishes amid an overall upbeat market mood.

Natural Gas (XNG/USD) prices are heading, in the Nonfarm Payrolls aftermath, higher for a second consecutive day driven by a pickup in demand from the Middle East and some North African countries. The best example is Egypt, where Gas

EUR/USD soars to 1.0800 as the US Dollar weakens in Friday’s early American session.

Silver (XAG/USD) price has broken out of the Bear Flag continuation price pattern it has formed on the 4-hour chart, declined and reached the conservative target for the pattern.