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Asia's physical Gold demand likely weak in June, demand strong in Europe - Commerzbank
High prices are leaving their mark, Commerzbank's commodity analyst Barbara Lambrecht notes.
WTI rises on Middle East tensions and softer US Dollar
West Texas Intermediate (WTI), the US Crude Oil benchmark, extends gains for the second straight day on Friday, with spot prices hovering around $66.90 during the American trading hours, up nearly 1% on the day.
Gold recovers as focus shifts to US consumer sentiment data
Gold (XAU/USD) is trading higher on Friday as investors remain focused on Fed expectations and look ahead to key US economic data. At the time of writing, XAU/USD recovers above $3,350, pushing the price closer toward the upper boundary of a symmetrical triangle pattern.
US Housing Starts rise 4.6% in June, Building Permits up 0.2%
Housing Starts in the United States (US) rose by 4.6% in June to a seasonally adjusted annual rate of 1,321,000, the US Census Bureau reported on Friday. This reading followed the 9.7% decline reported in May.
OPEC does not correct, but clarifies - Commerzbank
OPEC was the last of the three agencies to present its monthly update of its forecasts this week, Commerzbank's commodity analyst Barbara Lambrecht notes.
Fed's Waller: Private sector is not doing as well as it seems
In an interview with Bloomberg on Friday, Federal Reserve (Fed) Governor Christopher Waller said that the private sector is not doing as well as it seems, per Reuters.
Oil market in wait-and-see mode - Commerzbank
Oil prices have largely remained unchanged in recent days, Commerzbank's commodity analyst Barbara Lambrecht notes.
The Gold price has run out of steam - Commerzbank
The Gold price seems to be increasingly running out of steam.
JPY flat and underperforming G10 into weekend elections - Scotiabank
The Japanese Yen (JPY) is flat against the US Dollar (USD) and but losing ground against all of the G10 currencies in an environment of broad-based USD weakness as we head into Friday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USD/CNH: Likely to trade in a range of 7.1740/7.1880 - UOB Group
US Dollar (USD) is likely to trade in a range of 7.1740/7.1880. In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US Dollar retreats after data-driven rally, eyes on Consumer Sentiment
The US Dollar (USD) is losing steam on Friday, pulling back from three-week highs as momentum cools. Still, the Greenback remains supported by robust US economic data released this week, which has reduced the likelihood of immediate interest rate cuts by the Federal Reserve (Fed).
GBP recoverys post CPI/jobs data with fundamental support via spreads - Scotiabank
The Pound Sterling (GBP) is up a modest 0.2% against US Dollar (USD) as it mildly underperforms its G10 peers heading into Friday's NA open, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USD/JPY strength has paused for now - UOB Group
The current price action appears to be part of a 147.65/148.85 range trading phase. In the longer run, USD strength has paused for now; it is expected to trade in a range of 146.90/149.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR up modestly with focus on next week's ECB - Scotiabank
The Euro (EUR) is up 0.3% against the US Dollar (USD) and a mid-performer among the G10 as we head into Friday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
EUR up modestly with focus on next week's ECB - Scotiabank
The Canadian Dollar (CAD) is up modestly on the softer US Dollar (USD) on the session but is mixed against the core majors, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Positive USD sentiment fades - Scotiabank
Positive US Dollar (USD) sentiment seen so far in July (which largely reflects short-covering demand after the USD's rapid slide in the first half of the year) may be stalling out, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
AUD/USD: Likely to consolidate in a range of 0.6475/0.6535 - UOB Group
Australian Dollar (AUD) is likely to consolidate in a range of 0.6475/0.6535 against US Dollar (USD). In the longer run, downward momentum has built further, but AUD may consolidate first before attempting to break below 0.6455, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD: Was that it? - Commerzbank
The trade-weighted US Dollar (USD) has been up 1.6% since the beginning of the month. Against the Euro (EUR), it is slightly less, but yesterday it did manage to temporarily reach 1.15 again.
USD/CHF retreats to levels near 0.8000 on broad-based Dollar weakness
The US Dollar is paring previous gains against the Swiss Franc on Friday, retreating from three-week highs at 0.8060 and approaching the 0.8000 psychological level.
Dow Jones futures edge higher on upbeat Netflix's earnings, Michigan sentiment data eyed
Dow Jones futures trade marginally higher during the European trading session, extend its winning streak for the third trading day on Friday. United States (US) equities are buoyed by strong second-quarter earnings show from the streaming platform company Netflix.
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