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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%.
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.
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).
EUR/USD Price Forecast: Sits near weekly top around 1.1450 as bulls flirt with 23.6% Fibo.
The EUR/USD pair attracts some buyers for the third consecutive day and touches a fresh weekly high, around the 1.1460 area, during the Asian session on Friday.
Netherlands, The Manufacturing Output (MoM) dipped from previous 1.4%Â to 0.1% in May
Netherlands, The Manufacturing Output (MoM) dipped from previous 1.4%Â to 0.1% in May
Canadian Dollar strengthens as receding Fed rate hike bets weigh US Dollar
The USD/CAD pair loses momentum to near 1.4145 during the early European session on Friday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) on receding expectations of a rate increase from the US Federal Reserve (Fed).
Australian Dollar edges higher to near 0.6950 on RBA hawkish rhetoric
The AUD/USD pair attracts some buyers to near 0.6950 during the Asian trading hours on Friday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) on hawkish rhetoric from the Reserve Bank of Australia (RBA).
New Zealand Dollar extends hawkish RBNZ-inspired rally; hits three-week high vs weaker USD
The NZD/USD pair gains strong follow-through positive traction for the third straight day and rallies to an over three-week top during the Asian session on Friday.