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Silver Price Forecast: range-bound near $38.00, eyes on Trump-Putin talks

Silver (XAG/USD) is attempting a mild recovery on Friday after sliding to a four-day low of $37.69. The rebound comes amid some softness in the US Dollar, which is losing traction following mixed US economic data this week.

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Dow Jones Industrial Average flubs another record high as consumer sentiment sours

The Dow Jones Industrial Average (DJIA) surged to record highs early on Friday, touching chart territory north of 45,250 for the first time ever.

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Gold steadies ahead of Trump-Putin summit as US Dollar slips

Gold price (XAU/USD) holds firm during the North American session as market participants await the outcome of the meeting between US President Donald Trump and his counterpart, Russian President Vladimir Putin.

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USD/JPY slides toward 147.00 as Japan GDP beats forecasts, US data disappoints

The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Friday, with USD/JPY extending its intraday decline during the American session, supported by stronger domestic growth data and signs of softening momentum in the US economy.

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USD/CHF weakens as US data disappoints, Swiss GDP slows on tariff drag

The Swiss Franc (CHF) gains ground against the US Dollar (USD) on Friday, with the USD/CHF pair easing toward the key 0.8050 level during the American session, as the latest round of US economic data reveals growing cracks in domestic demand, keeping the Greenback under pressure.

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AUD/USD firms as DXY slips despite solid US Retail Sales

AUD/USD advances earlier during the North American session as the Greenback trims some of its gains achieved post-hot PPI figures, even though Retail Sales hint that the US economy is solid. The pair trades at 0.6519 after bouncing off daily lows of 0.6488.

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GBP/USD edges higher as mixed US data weighs on Greenback

The British Pound (GBP) gains traction against the US Dollar (USD)on Friday as the Greenback came under pressure following mixed US economic data, with GBP/USD paring most of Thursday's losses. At the time of writing, the pair is trading near 1.1356 during the American trading hours.

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US Industrial Production contracts by 0.1% in July

Industrial Production in the United States (US) contracted by 0.1% on a monthly basis in July, the data published by the Federal Reserve (Fed) showed on Friday. This reading followed the 0.4% increase recorded in June and came in worse than the market expectation for a no change.

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Fed's Goolsbee: Don't need to hold rates for ever

In a CNBC interview, Austan Goolsbee, President of the Federal Reserve Bank of Chicago, said rates do not need to be kept "forever" and that if inflation returns to its earlier benign trend, it would be appropriate to lower rates toward their long-term level.

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EUR/USD rebounds as US Retail Sales miss trims Fed rate cut expectations

The Euro (EUR) edges higher against the US Dollar (USD) on Friday, with EUR/USD rebounding toward the 1.1700 mark as mixed US macroeconomic data weighs on the Greenback.

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GBP/JPY retreats as strong Japan GDP boosts Yen and fuels BoJ tightening bets

The GBP/JPY cross is edging lower on Friday, with the cross weakening toward the 199.50 handle after briefly touching the 200.00 psychological level on Thursday.

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Chile revises Copper production forecast downward - Commerzbank

Chile's state-owned Copper producer estimates production losses at its El Teniente mine due to the tunnel collapse and the resulting production stoppage lasting several days at 20-30 thousand tons, Commerzbank's commodity analyst Carsten Fritsch notes.

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The IEA forecasts suggest a massive oversupply next year - Commerzbank

The International Energy Agency has left its forecast for Oil demand virtually unchanged and continues to expect increases of just under 700,000 barrels per day for this year and next.

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US EIA expects an oversupply, lower oil prices, and falling US oil production - Commerzbank

The US Energy Information Administration (EIA), in contrast, has significantly revised its estimate of the supply surplus on the oil market upwards and now expects inventories to build by more than 2 million barrels per day in the fourth quarter of 2025 and the first quarter of 2026.

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Gold holds near two-week low ahead of US Retail Sales data

Gold (XAU/USD) rebounds modestly on Friday, supported by a softer US Dollar (USD), though the recovery remains shallow with prices pinned near a two-week low.

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OPEC predicts tight Oil market - Commerzbank

In its monthly report, OPEC has slightly raised its forecast for Oil demand next year, Commerzbank's commodity analyst Carsten Fritsch notes.

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USD/CNH is expected to trade in a sideways range of 7.1750/7.1880 - UOB Group

Momentum indicators are turning flat; US Dollar (USD) is expected to trade in a sideways range of 7.1750/7.1880. In the longer run, downward momentum is building; for a continued decline, USD must first close below 7.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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Gold price falls after unexpectedly strong US producer price data - Commerzbank

The Gold price came under pressure yesterday following the publication of US producer prices. These rose significantly more than expected in July, which is likely to be attributable to the impact of tariffs.

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USD/JPY: Any advance may be limited to a test of 148.20 - UOB Group

US Dollar (USD) could rebound further; overbought conditions suggest any advance may be limited to a test of 148.20. In the longer run, USD has likely moved back into a range-trading phase between 146.50 and 148.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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GBP holds a solid gain on the week - Scotiabank

With no local developments or data of note to drive markets, the GBP's rebound today reflects the still soft undertone of the USD and a recovery from yesterday's PPI-driven volatility, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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