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Gold: Breakout holds as US payrolls loom – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note Gold has retained most recent gains after breaking key resistance, supported by lower Oil, softer yields, central bank and ETF buying and technical factors.
Equities: Sector rotation dominates risk-off – Danske Bank
Danske Research Team reports equities closed lower in a 2026-style risk-off session driven by sentiment rather than macro or earnings. Higher Oil prices weighed, but the key feature was pronounced rotation from cyclicals into defensives such as energy, consumer staples and health care.
France Current Account fell from previous €-0.1B to €-1.4B in June
France Current Account fell from previous €-0.1B to €-1.4B in June
France Exports, EUR: €54.537B (June) vs €53.581B
France Exports, EUR: €54.537B (June) vs €53.581B
France Imports, EUR: €60.384B (June) vs previous €60.509B
France Imports, EUR: €60.384B (June) vs previous €60.509B
France Trade Balance EUR came in at €-5.847B, above expectations (€-6.5B) in June
France Trade Balance EUR came in at €-5.847B, above expectations (€-6.5B) in June
Brent: US-Iran tensions support prices – ING
ING analysts Warren Patterson and Ewa Manthey note renewed strength in Oil, with ICE Brent rallying back above $82/bbl as obstacles to a US-Iran deal persist. They highlight Iranian demands around the Strait of Hormuz and limited signs of compromise.
Euro clings to gains near three-week highs ahead of the US Nonfarm Payrolls report
The Euro (EUR) is trading flat, a handful of pips below 1.1530 against the US Dollar (USD) on Friday, following a mild pullback from three-week highs at 1.1560 earlier on the week.
WTI Price Forecast: Growing internal war risks in Middle East support recovery to near $78
West Texas Intermediate (WTI), futures on NYMEX, extends Thursday’s recovery move slightly to near $77.80 during the day. The Oil price underperformed in the last two weeks on hopes of the Strait of Hormuz reopening, a critical chokepoint to almost 20% of global energy supply.
Euro: Rebound against US Dollar faces key cloud barrier – UOB
UOB Group’s Quek Ser Leang highlights that EUR/USD has staged a sharp rebound after drifting sideways, following a decline from January’s high to mid-June’s low.
Indonesian Rupiah strengthens as foreign inflows surge into domestic assets
USD/IDR has pared its recent gains from the previous day, trading around 17,940 during the Asian hours on Friday.
United Kingdom Lloyds House Price Index (MoM) came in at 0%, below expectations (0.1%) in July
United Kingdom Lloyds House Price Index (MoM) came in at 0%, below expectations (0.1%) in July
United Kingdom Lloyds House Price Index (YoY) came in at 0.1%, below expectations (0.4%) in July
United Kingdom Lloyds House Price Index (YoY) came in at 0.1%, below expectations (0.4%) in July