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Euro Stoxx 50 builds base after sharp rebound - Société Générale
Euro Stoxx 50 is stabilizing after a strong V-shaped rebound from April lows, with technical signals hinting at renewed upside momentum. Key support at 5265 could pave the way for a climb toward 5435 and possibly retest the March peak, Société Générale's FX analysts note.
AUD/USD: Expected to trade sideways between 0.6540 and 0.6595 - UOB Group
Australian Dollar (AUD) is expected to trade sideways between 0.6540 and 0.6595 against US Dollar (USD). In the longer run, should AUD break clearly above 0.6595, it could trigger a further rise toward 0.6620, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD: Tariff threat keeps the dollar heavy - ING
Dollar gains on the back of a stronger US jobs report proved fleeting. While one can argue that the data perhaps was not as strong as the headlines suggested, the US bond market saw it as a good number and US yields are 10-12bp higher across the curve, ING's FX analyst Chris Turner notes.
US labor market: Good on the inside - Commerzbank
At first glance, the situation seemed clear. With 147,000 new jobs created, the US labour market proved more robust than most analysts had expected - in fact, only one analyst in a Bloomberg survey had predicted even more new jobs. The unemployment rate also fell from 4.2% to 4.1%.
DXY: Temporary boost on the day - OCBC
US Dollar (USD) saw a bump higher overnight after payrolls report came in stronger than expected - NFP +147k (vs. 106k expected) while unemployment rate dipped to 4.1% (vs. 4.3%), initial jobless claims also fell.
USD/JPY slumps to near 144.30 as Yen's safe-haven demand increases
The USD/JPY pair falls over 0.4% to near 144.30 during European trading hours on Friday.
GBP/USD: Expected to continue to range trade - UOB Group
Pound Sterling (GBP) is expected to continue to range trade US Dollar (USD); firmer underlying tone suggests a higher range of 1.3620/1.3715.
EUR/USD: Speed bumps on the road - OCBC
Euro (EUR) slipped overnight, consistent with our caution for slower pace of gains or even some consolidation in the interim. ECB minutes overnight highlighted concerns of EUR's appreciation and higher tariff that may affect exports.
Strong CHF pressures SNB to act - ING
The Swiss Franc (CHF) remains strong, ING's FX analyst Chris Turner notes.
EUR/USD: Expected to trade in a range between 1.1730 and 1.1805 - UOB Group
Euro (EUR) is expected to trade in a range between 1.1730 and 1.1805. In the longer run, upward momentum is slowing rapidly, but there is a slim chance for EUR to rise toward 1.1830 before a more sustained and notable pullback is likely, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR: Strong Euro is getting the ECB's attention - ING
Markets are starting to hear a little more from the European Central Bank about the strength of the Euro (USD), ING's FX analyst Chris Turner notes.
AUD/USD drifts to 0.6550 as concerns about US tariffs resurface
The Australian Dollar is trading lower for the second day in a row, retreating from year-to-date highs, at 0.6590, with risk-sensitive assets weighed by growing tariff uncertainty as the July 9 deadline comes closer.US President Donald Trump affirmed on Thursday that he will start sending letters to
GBP/JPY pulls back to levels near 197.00 as market sentiment sours
The Yen rallies across the board as fears about US tariffs return.Trump will start sending letters to trade partners informing them about tariffs.BoJ-BoE monetary policy divergence is adding pressure on the British Pound.
EUR/GBP rises above 0.8600 following hawkish comments from ECB's Lagarde
EUR/GBP inches higher after registering 0.50% losses in the previous session, trading around 0.8610 during the early European hours on Friday.
EUR/USD bounces up as focus shifts to tariffs, US fiscal health
The EUR/USD pair is trimming some losses on Friday, trading at 1.1785 at the time of writing, after bouncing from lows of 1.1715 on Thursday.
Pound Sterling stabilizes as UK Chancellor Reeves confirms to remain in the role
The Pound Sterling (GBP) trades broadly stable against its peers on Friday, following commitment from the United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves to remain in her role till the next elections.
WTI wobbles around $66 as Trump's tariff deadline looms large
West Texas Intermediate (WTI), futures on NYMEX, trades cautiously near $66.00 during the European trading session on Friday.
NZD/USD trades with positive bias near 0.6075-0.6080 area amid modest USD downtick
The NZD/USD pair builds on the overnight bounce from the 0.6030 region, or the weekly trough, and gains some follow-through positive traction on Friday.
Forex Today: US Dollar retreats after NFP-inspired rally
Here is what you need to know on Friday, July 4:
USD/CHF falls below 0.7950 as expectations for further rate cuts by SNB diminish
USD/CHF loses ground after registering gains in the previous two sessions, trading around 0.7930 during the Asian hours on Friday.
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