Italy Consumer Confidence registered at 92.4, below expectations (94.5) in June
Italy Consumer Confidence registered at 92.4, below expectations (94.5) in June
Euro: Seen holding 1.1300 against US Dollar before recovery – ING
Francesco Pesole at ING highlights that EUR/USD is seeking stabilisation around 1.1350–1.1400, with Eurozone-specific inputs secondary in the short term.
Gold flat lines below $4,050 as Fed hike bets counter softer USD
Gold (XAU/USD) struggles to build on its intraday bounce of around $50 from the $3,983-$3982 region and flat lines below the $4,050 level during the first half of the European session on Friday.
162.00: Why the Japanese Yen is still trading near intervention levels despite inflation closing in on the BoJ target
The Japanese Yen (JPY) is finding a firmer fundamental floor as inflation in the Greater Tokyo Area edges closer to the Bank of Japan’s (BoJ) 2% target. While the Yen has shown recent stability against the US Dollar, it remains locked in a high-stakes tug-of-war.
Gold: Steadies after sharp correction – ING
ING strategists Warren Patterson and Ewa Manthey observe that Gold stabilized after dropping below the $4,000/oz mark earlier in the week, supported by lower US Treasury yields following softer US inflation data.
Iran’s Foreign Ministry: US military presence in Gulf is source of insecurity and division in region
Iranian Foreign Ministry said during the European trading session on Friday that the joint statement by the United States (US) and Gulf Cooperation Council (GCC) contains 'interventionist, irresponsible and provocative positions'.
Australian Dollar: Still in weak phase against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note AUD/USD remains under pressure after an impulsive decline, though oversold conditions have prompted near-term consolidation between 0.6880 and 0.6920.
Eurozone consumer one-year inflation expectations cool down to 3.5% – ECB survey shows
According to the latest European Central Bank (ECB) survey, one-year forward Eurozone inflation expectations are expected to cool down, but longer-term projections remain steady, Reuters reports.
Brent Oil: Supply risks offset by strong flows – Danske Bank
Danske Research Team notes that Brent Oil initially spiked after reports of an Iranian attack on a cargo ship near Oman and a pause in U.N. escort operations in the Strait of Hormuz.
GBP/USD Price Forecast: Struggles to build on move beyond 1.3200 amid bearish setup
The GBP/USD pair sticks to its positive bias for the second straight day, though it lacks bullish conviction and trades just above the 1.3200 mark during the early European session on Friday.
Austria UniCredit Bank Manufacturing PMI down to 50.9 in June from previous 51.7
Austria UniCredit Bank Manufacturing PMI down to 50.9 in June from previous 51.7
US Dollar: Strength extends as growth holds – Commerzbank
Commerzbank’s Volkmar Baur notes that despite easing Oil prices and lower inflation expectations, market pricing still anticipates at least one more Federal Reserve rate hike by year-end, while the ECB is seen delivering only one further move to 2.5%.