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GBP quietly consolidating recent push to multi-year high - Scotiabank
Pound Sterling (GBP) is soft, trading down a modest 0.1% against the US Dollar (USD) and a mid-performer among the G10, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Gold recovers quickly after US court ruling on Trump's tariffs - Commerzbank
The price of Gold briefly fell below the USD 3,250 per troy ounce mark on Thursday after it was announced that a US court had declared most of the tariffs imposed by US President Trump to be illegal, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
CAD steady in quiet trade - Scotiabank
The Canadian Dollar (CAD) is little changed on the session. Broader market sentiment is relatively neutral, with European stocks a little firmer while US equity futures are currently trading lower.
EU carbon surplus rises 3% on RePowerEU supply - Commerzbank
According to figures published on Wednesday, the number of certificates in circulation (TNAC) at the end of 2024 stood at 1.148 billion, which was actually around 3% higher than in the previous year, Commerzbank's commodity analyst Barbara Lambrecht notes.
US gasoline demand strong ahead of summer driving season - Commerzbank
Yesterday's weekly US inventory report halted the slide on the oil market, Commerzbank's commodity analyst Barbara Lambrecht notes.
USD/CAD consolidates within previous ranges, with 1.3835 holding bulls
The US Dollar is clinging to minor gains on Friday, with price action wavering within previous day's ranges and the 4-hour RSI flat around the 50 level, which signals a lack of clear bias.The Dollar whipsawed on Thursday before closing the day with a 0.2% decline, as a federal court paused a previou
EUR soft in quiet trade - Scotiabank
Euro (EUR) is soft, down 0.3% against the US Dollar (USD) and underperforming most of the G10 currencies in generally quiet trade, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD firmer but tariff, fiscal uncertainties persist - Scotiabank
Tariffs were off Tuesday night and were back on again, at least for now, Thursday afternoon after a Federal Appeals Court allowed the president's tariff plans to remain in place pending further rulings, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/CNH: Likely to trade in a range of 7.1800/7.2000 - UOB Group
US Dollar (USD) is likely to trade in a range of 7.1800/7.2000 against Chinese Yuan (CNH). In the longer run, for now, USD is likely to trade in a range between 7.1800 and 7.2300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
No giving in from Kazakhstan: Will other key producers follow suit? - Commerzbank
The press statement following Wednesday's OPEC+ meeting was extremely short.
USD/JPY declines below 144.00 as Japanese Yen strengthens on hot Tokyo CPI data
The USD/JPY pair trades lower slightly below 144.00 during European trading hours on Friday. The asset weakens as the Japanese Yen (JPY) outperforms across the board after the Statistics Bureau of Japan reported a hotter-than-projected Tokyo Consumer Price Index (CPI) data for May.
Gold declines as US Dollar rebounds after Appeals court suspends tariff ban
Gold price (XAU/USD) slides to near $3,290 during European trading hours on Friday, following a strong upside move the previous day.
USD/JPY: Oversold conditions indicate that any decline is unlikely to reach 142.80 - UOB Group
Sharp drop in US Dollar (USD) could extend against Japanese Yen (JPY); oversold conditions indicate that any decline is unlikely to reach 142.80.
Gold is trading firmly amid trade uncertainty - Commerzbank
Gold prices are once again supported by geopolitical uncertainty. While prices dipped slightly after tariff delays, ongoing trade tensions continue to drive demand for the safe-haven meta, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
NZD/USD: Likely to trade between 0.5940 and 0.6000 - UOB Group
New Zealand Dollar (NZD) is likely to trade between 0.5940 and 0.6000. In the longer run, upward momentum has faded; NZD is likely to trade in a range between 0.5900 and 0.6000 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Oil price caught between OPEC and geopolitics - Commerzbank
The Oil market is likely to be eagerly awaiting tomorrow's decision by the eight OPEC+ countries that have voluntarily cut their production.
AUD/USD: Likely to consolidate in a range of 0.6420/0.6470 - UOB Group
Australian Dollar (AUD) is likely to consolidate in a range of 0.6420/0.6470 vs US Dollar (USD). In the longer run, for the time being, AUD is expected to trade in a range of 0.6380/0.6485, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD retreats to levels near 0.6400 ahead with US inflation in the spotlight
The Aussie Dollar is retracing Thursday's gains on Friday, with investors wary of holding large US Dollar shorts ahead of the release of US PCE inflation data.
USD: Trust in the US is shaken - Commerzbank
Yesterday, there was a brief glimmer of hope that US courts might overturn the US government's tariff policy. The resulting recovery of the US dollar was short-lived. After an appeals court blocked a corresponding injunction, the dollar took a significant hit. Of course, the ruling is preliminary.
GBP/USD: Likely to trade in a range of 1.3455/1.3530 - UOB Group
Pound Sterling (GBP) is likely to trade in a range of 1.3455/1.3530. In the longer run, current price movements still appear to be part of a range trading phase, likely between 1.3400 and 1.3600, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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