Show:
US natural Gas prices rebound on storage surprise - ING
US natural Gas prices rebounded after three days of losses, supported by a smaller-than-expected storage build. Lower inventory growth may signal tighter supply dynamics in the weeks ahead, ING's commodity experts Ewa Manthey and Warren Patterson note.
DXY: Likely to face a range-trade for now - OCBC
US Dollar (USD) snapped decline overnight as US data - initial jobless claims, prelim services PMI surprised to the upside while UST yields drifted higher. DXY was last at 97.71 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Dollar environment remains mixed - ING
After a torrid few days, the dollar managed to find a little support yesterday. The domestic data was mildly encouraging in that weekly jobless claims fell again, the service sector pushed the US composite PMI to the highest levels since last December, and June new home sales were not too weak.
EUR/USD: Consolidation on the daily chart - OCBC
Euro (EUR) consolidated overnight after 4 days of rally. Pause comes as markets re-evaluate prospects of trade deals. EU believe a trade deal with US is within reach ahead of 1 August deadline. Pair was last seen at 1.1740 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/JPY rises further and approaches 148.00 as the US Dollar firms up
The US Dollar extends its rally against the Japanese Yen for the second consecutive day on Friday: The pair has erased weekly losses and is nearing 148.00 from Thursday's lows below 146.00 as US Treasury yields pick up with enthusiasm about this week's trade deals fading.Previous market optimism is
ECB's Villeroy: important to remain completely open about future monetary policy decisions
European Central Bank (ECB) policymaker Francois Villeroy de Galhau made some comments on the monetary policy and inflation outlook on Friday.
EUR: Resilient economy helps the Euro - ING
EUR/USD had a good rally during yesterday's European Central Bank press conference after President Christine Lagarde described the economy as resilient and a little better than expected, ING's FX analyst Chris Turner notes.
ECB survey: Inflation seen falling to 2.0% in 2025
The European Central Bank's (ECB) Survey of Professional Forecasters showed on Friday that inflation in the Eurozone is expected to fall to 2.0% this year.
USD/CHF eases from 0.7965 intra-day highs as US Dollar's recovery loses momentum
The US Dollar's recovery from multi-week lows against the Swiss Franc, at 0.7910, has failed to gain significant acceptance above 0.7965 and pulled back in the early European market session, leaving the pair practically unchanged in the daily chart.The Grenback rallied on Thursday after US business
German IFO Business Climate Index advances to 88.6 in July vs. 89 expected
The headline German IFO Business Climate Index rose to 88.6 in July from 88.4 in June. The data came in below the market consensus of 89.
EUR/USD wavers in calm markets, following strong US data, a hawkish ECB
The EUR/USD pair remains practically flat on Friday, consolidating gains near the three-week highs hit on the previous day.
ECB's Simkus: Inflation is expected to stay at 2% level in the medium term
European Central Bank (ECB) Governing Council member Gediminas Šimkus commented on the inflation outlook, following the central bank's no interest rate change decision on Thursday.
EUR/JPY hover right below yearly highs at 173.25 supported by ECB's hawkishness
The Euro downside attempts found buyers at the 172.50 area earlier on Friday, which sent the pair back to the 172.90 area, at a short distance to the one-year highs of 173.25. The pair is on track for a nine-week rally, which is starting to give signs of exhaustion.
EUR/CAD surges above 1.6050 due to cautious tone surrounding ECB's policy stance
EUR/CAD extends its winning streak for the third successive day, trading around 1.6070 during the European hours on Friday.
US Dollar Index (DXY) sticks to mild positive bias around mid-97.00s, lacks follow-through
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, ticks higher for the second straight day on Friday, though it lacks bullish conviction.
Pound Sterling slumps as UK Retail Sales missed estimates
The Pound Sterling (GBP) weakens against its major peers on Friday as the United Kingdom (UK) Office for National Statistics (ONS) has reported that Retail Sales grew at a slower-than-projected pace in June.
NZD/USD inches lower to near 0.6000 ahead of US Durable Goods Orders data
NZD/USD loses ground for the second successive day, trading around 0.6020 during the early European hours on Friday.
ECB's Kazaks: There's no urgent need to adjust rates
The European Central Bank (ECB) Governing Council member Martins Kazaks said on Friday that there's little reason for the central bank to lower interest rates further unless the economy suffers a major blow, per Bloomberg.
Forex Today: US Dollar shakes off bearish pressure ahead of mid-tier data
Here is what you need to know on Friday, July 25:
GBP/JPY falls below 198.50 as UK Retail Sales rise below market expectations
GBP/JPY continues to lose ground for the second successive day, trading around 198.30 during the Asian hours on Friday. The currency cross depreciates as the Pound Sterling (GBP) struggles following the key economic data from the United Kingdom (UK).
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy