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Sweden Producer Price Index (YoY) up to 6.8% in August from previous 6.4%
Sweden Producer Price Index (YoY) up to 6.8% in August from previous 6.4%
Denmark Retail Sales (YoY): 3.7% (August) vs previous 6.7%
Denmark Retail Sales (YoY): 3.7% (August) vs previous 6.7%
Germany GfK Consumer Confidence Survey registered at -30.6, below expectations (-27.4) in October
Germany GfK Consumer Confidence Survey registered at -30.6, below expectations (-27.4) in October
EUR/USD Price Forecast: At make or a break near 1.1350
The Euro (EUR) trades marginally lower at around 1.1375 against the US Dollar (USD) in the early European trade on Friday, but is inside Thursday’s trading range. The major currency pair is broadly under pressure as the US Dollar (USD) outperforms across the board.
Swiss Franc trades near 16-month lows as US Dollar surges on hawkish Fed expectations
USD/CHF extends its gains for the third consecutive day, trading around nearly 16-month highs of 0.8296 during Asian hours on Friday. The currency pair appreciates as the US Dollar (USD) strengthens, driven primarily by hawkish signals from Federal Reserve officials.
New Zealand Dollar remains depressed around 0.5650, near June lows vs bullish USD
The NZD/USD pair attracts sellers for the third straight day, flirting with its lowest level since late June, around mid-0.5600s during the Asian session on Friday. Spot prices remain on track to register losses for the fifth straight week and seem vulnerable amid a bullish US Dollar (USD).
GBP/USD Price Forecast: Softens to near 1.3200, staying bearish under 100-day SMA
The GBP/USD pair trades in negative territory around 1.3210 during the early European session on Friday. The British Pound (GBP) weakens against the US Dollar (USD) amid growing domestic fiscal concerns ahead of the upcoming UK budget.
AUD/JPY Price Forecast: Weakens to near 111.00 as bearish technical bias holds below 100-day SMA
The AUD/JPY cross attracts some sellers to around 111.10 during the early European session on Friday. The Japanese Yen (JPY) edges higher against the Australian Dollar (AUD) as traders remain on high alert for currency intervention from Japanese authorities.
EUR/JPY Price Forecast: Tests nine-day EMA support near 180.00
EUR/JPY has pared back its recent gains from the previous day, trading around 180.10 during Asian hours on Friday. Technical analysis of the daily chart shows that the currency cross continues to trade within a descending channel pattern, pointing to a persistent bearish outlook.
Japanese Yen recovers from three-week low vs USD amid looming intervention risk
The USD/JPY pair drifts lower during the Asian session on Friday, stalling its recent strong move up to a three-week high, near the 159.00 mark, touched the previous day.
Australian Dollar flatlines near 0.7000 as traders assess Trump-Xi summit
The AUD/USD pair holds steady around 0.7010 during the early Asian trading hours on Friday. Traders continue to assess the developments surrounding the US President Donald Trump and Chinese President Xi Jinping summit at the White House.
Japan’s Katayama says BoJ's latest rate hike was done to achieve inflation target
Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the latest rate hike from the Bank of Japan (BoJ) was done to achieve the inflation target. Katayama added that she expects the central bank to conduct appropriate monetary policy while coordinating with the government.
British Pound consolidates above 1.3200, its lowest since late June against a bullish USD
The GBP/USD pair edges higher during the Asian session on Friday, trading above its lowest level since June 29, around the 1.3200 neighborhood, touched the previous day.