United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD has stalled after a six-day advance, with the pair easing to 1.2950 before closing near 1.2970.
The upcoming week will bring a fresh test for major currency pairs as investors look ahead to key United States (US) labor market data, ISM Manufacturing figures, Eurozone inflation releases, and central bank commentary from the Federal Reserve (Fed), European Central Bank (ECB), Bank of England (Bo
United States CFTC Oil NC Net Positions dipped from previous 124.5K to 114.6K
United Kingdom CFTC GBP NC Net Positions dipped from previous £-71.6K to £-105.7K
United States CFTC Gold NC Net Positions climbed from previous $180.2K to $181.3K
Japan CFTC JPY NC Net Positions up to ¥-146.1K from previous ¥-150.1K
Australia CFTC AUD NC Net Positions dipped from previous $-4.1K to $-13K
Eurozone CFTC EUR NC Net Positions declined to €30.2K from previous €34.4K
United States CFTC S&P 500 NC Net Positions increased to $-35.4K from previous $-194K
Gold (XAU/USD) price recovers some ground on Friday, hitting a two-day high of $4,096 as the Greenback edges lower alongside Treasury yields after investors trimmed hawkish bets on the Federal Reserve (Fed). The XAU/USD pair trades at $4,076, up 1.24%.
OCBC’s FX strategists Sim Moh Siong and Christopher Wong note USD/CNH’s recent run-up has stalled, with the pair around 6.8020 and daily bullish momentum intact but RSI turning lower from overbought.
Silver (XAG/USD) price registers gains of nearly 2% on Friday but is poised to finish the week with losses of nearly 10%, as the white metal falls below the $60.00 threshold for the first time since the rally that began at the beginning of December 2025.
