Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Copper: Tariff risks keep prices vulnerable ā ING
INGās Commodities Strategist Ewa Manthey notes that Copper has dropped sharply after a Reuters report suggested a US decision on refined Copper tariffs is still pending, highlighting how a tariff premium has driven prices beyond fundamentals.
Forex Today: US Dollar consolidates gains as focus shifts to cricital inflation report
Here is what you need to know on Friday, September 11:
Dow Jones futures rise ahead of US CPI inflation data
Dow Jones futures advance by 0.46% to trade near 52,350 during European hours on Friday. Meanwhile, S&P 500 futures gain by 0.44% to trade around 7,630, while Nasdaq 100 futures inch lower by 0.45% to trade near 29,260.
Silver Price Forecast: XAG/USD bounces off 38.2% Fibo. near $63.00; bearish bias remains
Silver (XAG/USD) finds some support near the $63.00 mark and stages a modest intraday recovery from an over three-week low, touched earlier this Friday.
UK Chancellor Healey: Economy demonstrates welcome resilience despite global uncertainty
United Kingdom (UK) Chancellor of the Exchequer John Healey said during the European trading session on Friday, āBritainās economy is demonstrating a welcome resilience, despite serious global uncertainty.ā
Norwegian Krone: Softer inflation clouds September hike odds ā Danske Bank
Danske Research Team reports that Norwegian core inflation rose to 3.0% year-on-year in August, below Norges Bankās June projection of 3.3%.
USD/JPY Price Forecast: US Dollar recovery, likely to be tested at 155.20
The Japanese Yen (JPY) ticks up against the US Dollar (USD) on Friday, trimming some losses after a moderate reversal on Thursday.
Swiss Franc: Downtrend eyes 0.8155ā0.8175 zone against US Dollar ā UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF has broken higher toward 0.8147, with overbought but still constructive momentum suggesting scope to test 0.8155 intraday.
Turkey Current Account Balance came in at $0.036B below forecasts ($0.65B) in July
Turkey Current Account Balance came in at $0.036B below forecasts ($0.65B) in July
Russian Ruble: CBR pause expected as inflation risks build ā Commerzbank
Commerzbankās Tatha Ghose expects the Russian central bank to keep its key rate at 14.0%, arguing inflation fundamentals do not justify further easing despite weak growth.
British Pound remains weaker against Japanese Yen following UK economic data
GBP/JPY depreciates after registering gains in the previous day, trading around 208.30 during Asian hours on Friday. The currency cross loses ground as the British Pound (GBP) remains subdued against the Japanese Yen (JPY) following the release of key economic data from the United Kingdom (UK).
New Zealand Dollar gathers strength above 0.5800, all eyes on US CPI inflation data
The NZD/USD pair rises to around 0.5835, snapping the four-day losing streak during the early European trading hours on Friday. However, the potential upside for the pair might be limited as markets turn cautious ahead of the key US Consumer Price Index (CPI) inflation data later on Friday.Ā
AUD/USD Price Forecast: Positive Divergence with RSI backs further recovery
The Australian Dollar (AUD) is up 0.22% at around 0.7175 against the US Dollar (USD) during the European trading session on Friday.