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WTI Price Forecast: At make or a break near $62

West Texas Intermediate (WTI), futures on NYMEX, trades 0.9% lower at around $62.50 during the European trading session on Friday.

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NZD/USD: Any weakness is likely part of a lower range of 0.5905/0.5950 - UOB Group

Further New Zealand Dollar (NZD) declines are not ruled out, but any weakness is likely part of a lower range of 0.5905/0.5950. In the longer run, NZD has likely entered a 0.5880/0.5980 consolidation phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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EUR rebounds through upper 1.16s - Scotiabank

The Euro (EUR) has rebounded firmly from yesterday's dip to the low 1.16s and is threatening a return to a 1.17 handle as out session gets going, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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AUD/USD: Likely to trade between 0.6455 and 0.6555 - UOB Group

Sharp decline could test 0.6475 before stabilisation can be expected. In the longer run, Australian Dollar (AUD) is still trading in a range, probably between 0.6455 and 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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EUR/GBP finds resistance at 0.8625 ahead of the Trump-Putin meeting

The Euro is posting minor gains against the British Pound on Monday, correcting higher after having depreciated nearly 1.4% over the last week.

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CAD lags peers but may be due a modest catch up - Scotiabank

The Canadian Dollar (CAD) has taken advantage of the generally weaker US Dollar (USD) tone this morning but it is doing its usual thing of lagging most of its major currency peers on the day, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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GBP/USD: Likely has entered a 1.3500/1.3585 - UOB Group

Pound Sterling (GBP) has likely entered a 1.3500/1.3585 consolidation phase. In the longer run, outlook for GBP remains positive, and it may rise to 1.3620; the chances of it reaching 1.3660 this time around are more limited, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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USD retreats after PPI-driven gains - Scotiabank

Hot US PPI data yesterday put the brakes on thinking that the Fed will cut interest rates aggressively in the next few months, driving a short, sharp pop in the dollar.

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JPY: Good advice is expensive, unsolicited advice is free - Commerzbank

At the end of the day, the JPY lost ground against the US Dollar (USD) yesterday as the latter reacted to the high PPI figures. Intraday, however, the JPY gained more than half a percent against the US dollar, while the other G10 currencies were already weakening. What supported the JPY?

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Fed to cut funds rate once or twice this year - Reuters Poll

67 out of 100 economists who took part in a recently conducted Reuters poll said that the Federal Reserve (Fed) will cut the policy rate by 25 basis points to the range of 4%-4.25% at the September policy meeting.

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UoM US Consumer Sentiment set to rise slightly as markets focus on inflation expectations

On Friday, the US gets the first look at August's University of Michigan Consumer Sentiment Index. This monthly survey gauges households' perceptions of the economy's trajectory. A final reading follows two weeks later.

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Gold Price Forecast: XAU/USD trades cautiously around $3,340 ahead of Trump-Putin meet

Gold price (XAU/USD) trades with caution around $3,340 during the European trading session on Friday.

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USD/CAD pulls back below 1.3800 ahead of US retail Sales data

The Canadian Dollar is regaining lost ground against the US Dollar on Friday.

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EUR/USD: Likely to trade between 1.1585 and 1.1705 - UOB Group

The current Euro (EUR) price movements are likely part of a consolidation phase between 1.1585 and 1.1705, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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USD: Inflation after all? - Commerzbank

Following the release of the CPI figures on Tuesday, the trade-weighted US dollar lost around half a percent. This weakness continued over the past two days, until yesterday's producer price inflation figures were released.

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TRY: Changes in monetary policy framework but no changes for FX - ING

During a press conference yesterday to present its new inflation report, the Central Bank of Turkey announced several changes to its monetary policy framework, ING's FX analyst Frantisek Taborsky notes.

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USD/JPY: Risks remain skewed to the downside - OCBC

USD/JPY rebounded overnight, tracking the rise in UST yields after US PPI data came in hotter. Pair was last at 146.87, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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USD: Data remains the biggest driver - ING

The much-anticipated Trump-Putin meeting in Alaska is scheduled for 20.30 BST/21.30 CET, so any headlines may just be able to impact late US trading, but it's quite possible that the bulk of the market reaction will only materialise on Monday.

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NZD: Doubts could arise - Commerzbank

In New Zealand, complete inflation figures are only published once a quarter; each month, only a selection of prices is tracked and the inflation rate for these is published, Commerzbank's FX analyst Volkmar Baur notes.

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Japan: BoJ still on track to hike rates in Q4 - Standard Chartered

Q2 GDP growth surprised to the upside, which should allay the BoJ's fears of a sharp growth slowdown. The next 25bps BoJ hike will be in Q4, with risks skewed toward an earlier move in October. Summary of opinions from the July BoJ meeting points to what we think is growing impetus for a hike.

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