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Swiss Gold exports reflect weak demand for Gold in Asia - Commerzbank
The Swiss Federal Customs Authority published data on Gold exports in October this week, Commerzbank's commodity analyst Carsten Fritsch notes.
Concerns about supply disruptions cause oil prices to rise - Commerzbank
Oil prices have risen noticeably over the past few days. Brent climbed to $74.8 per barrel in the morning, gaining almost 5% since the beginning of the week, Commerzbank's commodity analyst Carsten Fritsch notes.
USD/CNH: The major resistance at 7.2800 is likely out of reach - UOB Group
The US Dollar (USD) could to rise to 7.2630; the major resistance at 7.2800 is likely out of reach.
TRY: Unexpectedly dovish - Commerzbank
The Turkish central bank (CBT) held rates unchanged yesterday, as had been unanimously expected, but turned somewhat dovish in its language, contrary to our expectation.
JPY: The price of rice - Commerzbank
The statistics on Japanese inflation have a peculiarity. In most countries, the categories of food and energy are excluded when calculating core inflation.
USD/JPY: Decline is unlikely to threaten the major support at 153.30 - UOB Group
Bias for the US Dollar (USD) is tilted to the downside; any decline is unlikely to threaten the major support at 153.30.
RUB: US sanctions more systemic banks - Commerzbank
US OFAC announced additional sanctions on Russia yesterday, including on systemic banks which had hitherto been exempt because of the energy trade.
AUD/USD bounces back to near 0.6500 as USD gives up majority of gains
The AUD/USD pair recovers more than half of its intraday losses and rebounds to near the psychological figure of 0.6500 in Friday's European session.
NZD/USD: Likely to edge lower - UOB Group
The New Zealand Dollar (NZD) is under mild downward pressure; it is likely to edge lower, possibly testing 0.5835 before the risk of a rebound increases.
USD/SGD: 2-way trades - OCBC
USD/SGD rebounded as markets continue to trade 2-way, caught between the forces of heightened geopolitical tensions and policy uncertainties associated with Trump presidency.
Silver Price Forecast: XAG/USD aims to stabilize above $31 amid firm safe-haven bid
Silver price (XAG/USD) strives to establish above $31.00 in Friday's European session.
AUD/USD: To trade in a range of 0.6490/0.6535 - UOB Group
The Australian Dollar (AUD) is expected to trade in a range of 0.6490/0.6535.
Gold rallies back above $2,700 on inflaming Russia-Ukraine tensions
Gold (XAU/USD) rallies for the fifth day in a row, making it a clean-sweep of green daily candlesticks for the week so far.
DXY: Prelim PMIs on tap today - OCBC
The US Dollar (USD) remains better bid overnight. DXY was last above 107, OCBC's FX analysts Frances Cheung and Christopher Wong note.
GBP/USD: the next significant support at 1.2490 is out of reach - UOB Group
A break of 1.2565 will not be surprising; the next significant support at 1.2490 is not expected to come into view for now.
US Dollar surges to two-year high as Eurozone PMIs disappoint
The US Dollar (USD) jumps on Friday to its highest level in two years, with the DXY US Dollar Index popping above 108.00, as Purchasing Managers Index (PMI) data for the Eurozone signaled that the region's economy fell back into contraction in November.
USD: Moderately hawkish remarks from Williams - ING
Yesterday's US Dollar (USD) rally led to a break below the key psychological 1.05 EUR/USD support and an exploration above 107.0 in DXY.
USD/JPY: Bias for downside play - OCBC
USD/JPY fell overnight as the pair traded sideways this week.
EUR/USD sinks to near two-year lows as preliminary Eurozone PMI contracts
EUR/USD sinks to near two-year lows below 1.0400 in European trading hours on Friday after the release of the preliminary HCOB Eurozone Purchasing Managers Index (PMI) report for November, which showed that the overall business activity surprisingly contracted.
UK S&P Global/CIPS Composite PMI declines to 49.9 in November vs. 51.8 expected
Business activity in the UK private sector contracted in early November, with the preliminary S&P Global/CIPS Composite Purchasing Managers Index (PMI) falling to 49.9 from 51.8 in October.
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