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Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $60.41 per barrel, down from Thursday's close at $60.61.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.08 after its previous daily close at $63.30.
US core PCE inflation likely steady in April as markets price Federal Reserve rate cut for September
The United States (US) Bureau of Economic Analysis (BEA) is set to release the Personal Consumption Expenditures (PCE) Price Index data for April on Friday at 12:30 GMT. This index is the Federal Reserve's (Fed) preferred measure of inflation.
EUR/JPY Price Forecast: Bullish tone remains in play above 163.00
The EUR/JPY cross attracts some sellers to around 163.25 during the early European session on Thursday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid rising expectations that the Bank of Japan (BoJ) will continue raising interest rates this year.
Silver Price Forecast: XAG/USD hovers around $33.00 after breaking below nine-day EMA
Silver price (XAG/USD) offers its recent gains registered in the previous session, trading around $33.00 per troy ounce during the Asian hours on Friday.
GBP/USD price Forecast: Trade below 1.3500; bullish bias remains ahead of US PCE data
The GBP/USD pair attracts fresh sellers following the previous day's goodish rebound from the 1.3415 area, or the weekly low amid a modest US Dollar (USD) uptick.
Gold price slides below $3,300 amid a mildly positive USD; focus remains on US PCE
Gold price (XAU/USD) struggles to capitalize on the previous day's strong recovery move from the $3,246-3,245 region, or over a one-week low, and attracts fresh sellers during the Asian session on Friday.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
US Dollar Index holds positive ground near 99.50 ahead of US PCE inflation data
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, edges higher to near 99.40 during the Asian trading hours on Friday.
BoE's Taylor: I thought we needed to be on a lower monetary policy path
Bank of England (BoE) policymaker Alan Taylor told the Financial Times (FT) on Friday, "I thought we needed to be on a lower [monetary] policy path."
WTI remains below $60.50 as US federal appeals court temporarily reinstates Trump tariffs
West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $60.30 per barrel during the Asian hours on Friday.
RBNZ's Silk: Interest rates are in 2.5%-3.5% neutral band
In a Reuters interview on Friday, Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk said that "interest rates are in 2.5%-3.5% neutral band."
NZD/USD maintains position above 0.5950 after trimming recent gains, US PCE inflation eyed
NZD/USD has trimmed its recent gains following weaker data from New Zealand released on Friday.
EUR/USD edges lower to mid-1.1300s; looks to US PCE Price Index for fresh impetus
The EUR/USD pair struggles to capitalize on the previous day's solid bounce from the 1.1200 neighborhood, or a one-and-a-half week low, and trades with a mild negative bias during the Asian session on Friday.
USD/INR trades with mild losses ahead of India GDP, US PCE releases
The Indian Rupee (INR) gains ground on Friday, snapping the three-day losing streak. The downbeat US economic data and concerns that a US court ruling would change the outlook for US tariffs undermine the US Dollar (USD).
Japanese Yen bulls regain control as strong Tokyo CPI reaffirms BoJ rate hike bets
The Japanese Yen (JPY) attracts strong follow-through buying for the second straight day on Friday and recovers further from a two-week low touched against its American counterpart the previous day.
Trump administration considers allowing tariffs of up to 15% for 150 days - WSJ
Citing people familiar with the matter, the Wall Street Journal (WSJ) reported late Thursday, "US President Donald Trump's administration is considering an existing law that includes language allowing for tariffs of up to 15% for 150 days."
Australian Dollar remains subdued as monthly Retail Sales fall in April
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday, retracing its recent gains from the previous session. The AUD/USD pair remains subdued following the release of disappointing economic data from Australia.
Japan's Trade Negotiator Akazawa plans to meet Bessent for trade talks
Japan's Chief Trade Negotiator and Economy Minister Ryosei Akazawa said on Friday that he "plans to meet US Treasury Secretary Scott Bessent and others for Japan-US tariff talks."
Australia's Retail Sales decline 0.1% MoM in April vs. 0.3% expected
Australia's Retail Sales, a measure of the country's consumer spending, declined 0.1% MoM in April, compared to a rise of 0.3% in March, the official data published by the Australian Bureau of Statistics (ABS) showed on Friday.
PBOC sets USD/CNY reference rate at 7.1848 vs. 7.1907 previous
On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1848 as compared to the previous day's fix of 7.1907 and 7.1859 Reuters estimate.
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