Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Euro consolidates near 1.1450 as German data confirms easing inflationary pressures
The Euro (EUR) holds minor gains against a somewhat softer US Dollar (USD) on Friday. The pair edged up to the mid-range of the 1.1400s, but it has failed to find acceptance above the top of the last two weeks' trading range, in the area of 1.1475, and is set to close the week practically unchanged.
Japanese Yen rises as Japan urges pension funds to invest in domestic assets
The USD/JPY pair tumbles to around 161.50 during the early European trading hours on Friday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) after the reports that Japan plans to encourage pension funds to increase their holdings of domestic financial assets.
Euro: Range trade bias intact against US Dollar – UOB
UOB’s Quek Ser Leang highlights a modest uptick in EUR/USD momentum, with scope to retest 1.1450 but limited prospects for a sustained break higher. Intraday support is seen at 1.1420 and 1.1405.
Germany Harmonized Index of Consumer Prices (YoY) meets forecasts (2.4%) in June
Germany Harmonized Index of Consumer Prices (YoY) meets forecasts (2.4%) in June
Germany Consumer Price Index (MoM) meets forecasts (-0.3%) in June
Germany Consumer Price Index (MoM) meets forecasts (-0.3%) in June
Germany Harmonized Index of Consumer Prices (MoM) meets forecasts (-0.2%) in June
Germany Harmonized Index of Consumer Prices (MoM) meets forecasts (-0.2%) in June
Germany Consumer Price Index (YoY) meets forecasts (2.3%) in June
Germany Consumer Price Index (YoY) meets forecasts (2.3%) in June
Breaking: Canada's Unemployment Rate declined to 6.5% in June
Statistics Canada reported on Friday that the Unemployment Rate decreased to 6.5% in June, below market expectations and the previous print of 6.6%.
Swiss Franc gives back some early gains against US Dollar, US CPI in focus
The Swiss Franc (CHF) pares some of its early gains against the US Dollar (USD) during the early European trading session on Friday. The USD/CHF pair is 0.26% lower at around 0.8048 even after a slight recovery move.
Australian Dollar retreats from over two-week high, up a little around 0.6950 vs USD
The AUD/USD pair attracts buyers for the second straight day and climbs to a two-and-a-half-week top, around the 0.6970 area, during the Asian session on Friday. Spot prices, however, retreat a few pips in the last hour and currently trade around mid-0.6900s, still up 0.10% for the day.
Indian Rupee gives back gains as US Dollar recovers
The Indian Rupee (INR) gives back its early gains against the US Dollar (USD) in India's afternoon trading hours on Friday.
GBP/USD Price Forecast: Edges higher above 1.3400, bullish outlook remains intact
The GBP/USD pair trades in positive territory around 1.3430 during the early European trading hours on Friday. The UK government leadership transition and growing expectations of further Bank of England (BoE) interest rate hikes underpin the British Pound (GBP) against the US Dollar (USD).
WTI Price Forecast: Retakes $72.00; 23.6% Fibo./200-day EMA holds the key for bulls
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges higher during the Asian session on Friday, stalling the previous day's retracement slide from the vicinity of a three-week high.