The New Zealand Dollar gains over 0.30% against the US Dollar, poised to test key resistance levels, with the 50-day Simple Moving Average (SMA) at 0.5793, slightly below the 0.5800 figure. At the time of writing, the NZD/USD trades at 0.5789, after bouncing off daily lows of 0.5767.

Silver (XAG/USD) edges higher on Friday as a pullback in Oil prices pushes US Treasury yields lower, while the US Dollar (USD) fluctuates near recent highs. At the time of writing, XAG/USD trades around $58.60, up 2.40% on the day.

West Texas Intermediate (WTI) eases on Friday as traders lock in profits following a 6% jump the previous day. However, the widening Middle East war limits the downside as supply risks intensify around two major energy-shipping routes, the Strait of Hormuz and Bab el-Mandeb.

Silver (XAG/USD) trades around $58.55 at the time of writing on Friday, up 2.24% on the day, benefiting from a modest pullback in the US Dollar (USD) following its recent rally.

Here is what you need to know on Friday, July 24:

The Australian Dollar (AUD) trades marginally higher at around 0.6976 against the US Dollar (USD) during the European trading session on Friday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $90.05 during the early European trading hours on Friday. WTI tumbles as traders book some profits.

EUR/JPY extends its gains for the fourth consecutive day, trading around 186.50 during the Asian hours on Friday. The currency cross is maintaining a bullish near-term bias as price holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).

West Texas Intermediate (WTI) oil price halts its three-day winning streak, trading around $90.20 per barrel during the Asian hours on Friday. However, WTI crude price is on track to surge over 10% this week.

AUD/USD edges lower on Thursday as a stronger US Dollar (USD) outweighs support from stronger-than-expected Australian employment data. At the time of writing, the pair trades around 0.6966, down 0.45% on the day.