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USD/CAD bounces back strongly to near 1.3500 after US/Canada Employment release
The USD/CAD pair recovers swiftly to near the round-level support of 1.3500 in Friday's American session.
Base Metals: All eyes on China, rather than the US - Commerzbank
The Chinese data to be released over the next two weeks is likely to be decisive for base metals, Commerzbank commodity strategist Barbara Lambrecht notes.
USD/JPY holds losses after weak NFPs from the US
The USD/JPY tallies 0.30% losses on Friday as the USD extends its broad weakness after soft Nonfarm Payrolls figures from the US.
Fed's Williams: Ready to start process of rate cuts
Federal Reserve Bank of New York President John Williams said on Friday that they are ready to start the process of rate cuts, per Reuters.
Choppy supply news: Production increase postponed for the time being - Commerzbank
Supply news made the headlines this week. Libya's production losses initially grew from day to day, peaking at 700 thousand barrels per day.
GBP/USD: Quiet trade for the Sterling - Scotiabank
The Pound Sterling (GBP) is a minor underperformer on the day so far after drifting back from its early London peak just under 1.32, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR/USD: EUR extends gains to the low 1.11s - Scotiabank
Significantly weaker than expected French and German Industrial Production data for July will lift concerns about the lack of momentum in the Eurozone economy but the data barely had an impact on the EUR which touched 1.1120 earlier before edging marginally lower, Scotiabank's Chief FX Strategist Shaun Osborne notes.
ETFs show continued interest in Gold - Commerzbank
The price of Gold climbed back above the $2,500 per troy ounce mark, trading just below its record high, Commerzbank commodity strategist Barbara Lambrecht notes.
USD/CAD: CAD drifts around 1.35 - Scotiabank
Canadian jobs data may not matter all that much for the CAD today.
US Dollar sets forth weekly losing streak but NFP holds key
The US Dollar (USD) trades slightly on the back foot on Friday as markets brace for potentially the most volatile event of the week, Nonfarm Payrolls (NFP). Markets are increasingly considering the possibility that the US Federal Reserve (Fed) could opt
USD: Soft ahead of Payrolls data - Scotiabank
It's payrolls Friday. The USD is soft on the day, but trading off its earlier lows, while stocks are broadly lower and major bond markets are firmer, driving 10Y yields 3-4bps lower.
Crude Oil faces uphill battle with OPEC keeping traders in the dark
Crude Oil consolidates this week's sharp decline to a fresh year-to-date low below $70.00 for a second day in a row on Friday. Crude Oil prices remain subdued mostly because of the sketchy communication from the Organization of the Petroleum
USD/SGD: Watching US data - OCBC
USD/SGD fell further, tracking the broader softness in USD, OCBC Frances Cheung and Christopher Wong note.
NZD/USD rises to near 0.6230 as US Dollar falls ahead of US NFP
The NZD/USD pair moves higher to near 0.6230 in Friday's European session.
EUR/GBP falls back into familiar range after downward revision to Eurozone GDP
EUR/GBP gives back early gains on Friday as traders sell the Euro (EUR) following the release of Eurozone Gross Domestic Product (GDP) data which showed a downward revision in the second quarter from the initial estimate.
The weakest dollars are the antipodes - Commerzbank
So far this week, neither the Australian Dollar (AUD) nor the New Zealand Dollar (NZD) have been able to benefit from the general weakness of the US Dollar (USD), and both currencies have weakened slightly over the course of the week, Commerzbank FX strategist Volkmar Baur notes.
USD/JPY: A death cross is upon us - OCBC
USD/JPY extended its move lower, tracking decline in broad USD, OCBC Frances Cheung and Christopher Wong note.
JPY: Currently more of a USD story - Commerzbank
There is one thing you can count on right now. If you wake up in the morning and USD/JPY is trading lower than the day before, you will have at least three articles in your inbox trying to explain that the unwinding of the Japanese Yen (JPY) carry trade is continuing.
EUR: Barnier can prove to be to a EUR-positive over time - ING
The news of the week in the eurozone is that French President Macron has appointed a prime minister: former Brexit Chief Negotiator Michel Barnier.
USD: Finally non-farm payrolls - Commerzbank
The day of the US employment report has finally arrived. The market seems to have been holding his breath all week to find out how many new jobs the US economy created last month, Commerzbank FX strategist Volkmar Baur notes.
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