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Strong rise in LNG supply provides relief for Gas market - Commerzbank

European Gas prices have fallen significantly following the de-escalation of the situation in the Middle East: at just over EUR 32 per MWh, the TTF reference price is now only slightly above this year's low at the end of April, Commerzbank's commodity analyst Barbara Lambrecht notes.

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AUD/USD: Short-term momentum has eased slightly - UOB Group

The current price movements are likely part of a 0.6570/0.6615 consolidation phase. In the longer run, short-term momentum has eased slightly; AUD may still move to 0.6645, but the odds are not high, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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Temporary reduction in Oil exports from Kazakhstan - Commerzbank

There was uncertainty once again this week about Oil supplies from Kazakhstan. This time, however, it was not about production levels, which are significantly higher than those agreed under the OPEC+ agreement, but about Oil exports.

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GBP/USD: Upward momentum has largely faded - UOB Group

Pullback in Pound Sterling (GBP) could extend but is unlikely to threaten 1.3450 (there is another support level at 1.3490). In the longer run, upward momentum has largely faded; GBP is expected to trade in a range of 1.3450/1.3590, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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EUR/CHF stabilizes near key support - Société Générale

EUR/CHF is stabilizing after defending key support levels, with recent price action suggesting a potential base formation. A hold above 0.9290 could open the door to further gains, Société Générale's FX analysts note.

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EUR/GBP Price Forecast: Rallies to fresh highs and looks to the 0.8735 level

The Euro extends its gains for the second consecutive day against the Pound Sterling, reaching fresh three-week highs above 0.8700, with bulls targeting the year-to-date high of 0.8740.UK data released earlier on Friday revealed that Retail Sales increased by a softer-than-expected 0.9% rate in June

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EUR/USD: Any decline is likely part of a lower range of 1.1715/1.1775 - UOB Group

Euro (EUR) could pull back further against US Dollar (USD), but any decline is likely part of a lower range of 1.1715/1.1775. In the longer run, price action indicates further EUR strength, likely toward 1.1795, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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RBA: Interest rate cut in August depends on inflation - Commerzbank

There are still three weeks to go until the next central bank meeting in Australia, but the market is already relatively certain.

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JPY: Signs of easing inflation - Commerzbank

The inflation rate for the Greater Tokyo Area fell back below 3% in July, remaining below the expectations of most analysts surveyed by Bloomberg. The situation regarding rice prices appears to be easing somewhat.

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EUR/GBP: Less dovish ECB helps EUR/GBP - ING

A less dovish ECB has sent EUR/GBP close to 0.87. Some more optimism from the German Ifo today could send EUR/GBP back to the 0.8735 high seen in April, ING's FX analyst Chris Turner notes.

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USD: Lots of news, but little that's new - Commerzbank

There was plenty of news yesterday, but nothing really new, which is why EUR/USD ended the day virtually unchanged.

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USD/JPY: Interim upside risk - OCBC

USD/JPY took a turn higher as Tokyo core CPI surprised to the downside (2.9% vs 3% exp), further pushing back expectations of BoJ policy normalisation - in terms of the timing of the next rate hike. Pair was last at 147.87 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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AUD/USD slumps to near 0.6560 as US Dollar gains ground

The AUD/USD pair trades 0.45% lower to near 0.6560 during the European trading session on Friday.

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US natural Gas prices rebound on storage surprise - ING

US natural Gas prices rebounded after three days of losses, supported by a smaller-than-expected storage build. Lower inventory growth may signal tighter supply dynamics in the weeks ahead, ING's commodity experts Ewa Manthey and Warren Patterson note.

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DXY: Likely to face a range-trade for now - OCBC

US Dollar (USD) snapped decline overnight as US data - initial jobless claims, prelim services PMI surprised to the upside while UST yields drifted higher. DXY was last at 97.71 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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USD: Dollar environment remains mixed - ING

After a torrid few days, the dollar managed to find a little support yesterday. The domestic data was mildly encouraging in that weekly jobless claims fell again, the service sector pushed the US composite PMI to the highest levels since last December, and June new home sales were not too weak.

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Venezuelan Oil supply set to increase - ING

Oil prices firmed yesterday amid optimism over trade talks, despite the Trump administration reportedly allowing Chevron to resume operations in Venezuela. The move continued in early morning trading today. Roughly two months ago, the US government ended Chevron's ability to produce in Venezuela.

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EUR/USD: Consolidation on the daily chart - OCBC

Euro (EUR) consolidated overnight after 4 days of rally. Pause comes as markets re-evaluate prospects of trade deals. EU believe a trade deal with US is within reach ahead of 1 August deadline. Pair was last seen at 1.1740 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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 USD/JPY rises further and approaches 148.00 as the US Dollar firms up

The US Dollar extends its rally against the Japanese Yen for the second consecutive day on Friday: The pair has erased weekly losses and is nearing 148.00 from Thursday's lows below 146.00 as US Treasury yields pick up with enthusiasm about this week's trade deals fading.Previous market optimism is

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ECB's Villeroy: important to remain completely open about future monetary policy decisions

European Central Bank (ECB) policymaker Francois Villeroy de Galhau made some comments on the monetary policy and inflation outlook on Friday.

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