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EUR/JPY price forecast: Targets 171.50 support after breaking below nine-day EMA

EUR/JPY loses ground for the third consecutive day, trading around 171.80 during the European hours on Friday. The technical analysis of the daily chart suggests a prevailing bullish bias as the currency cross remains within the ascending channel pattern.

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Forex Today: US Dollar struggles to extend rebound ahead of key US data

Here is what you need to know on Friday, August 15:

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WTI tumbles below $63.00 as traders await Trump-Putin talk outcomes

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.85 during the early European trading hours on Friday.

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Pound Sterling recovers against US Dollar after PPI-induced sell-off

The Pound Sterling (GBP) recovers slightly to near 1.3540 against the US Dollar (USD) on Friday, paring back some of the losses seen on Thursday, when the US Dollar (USD) bounced back strongly after the United States (US) Producer Price Index (PPI) report for July showed that wholesale prices rose a

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USD/CAD remains subdued 1.3800 ahead of US economic data

USD/CAD retraces its recent gains registered in the previous session, trading around 1.3800 during the early European hours on Friday. The pair depreciates as the US Dollar (USD) declines amid rising odds of the Federal Reserve (Fed) reducing interest rates in September.

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FX option expiries for Aug 15 NY cut

FX option expiries for Aug 15 NY cut at 10:00 Eastern Time via DTCC can be found below.

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EUR/CHF remains above 0.9400 as as Euro gains on cautious ECB outlook

EUR/CHF holds gains after registering losses in the previous session, trading around 0.9410 during the Asian hours on Friday.

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EUR/GBP edges higher above 0.8600, eyes on Trump and Putin meeting

The EUR/GBP cross gains traction to around 0.8610 during the early European session on Friday. The Euro (EUR) strengthens against the Pound Sterling (GBP) amid hopes that Russia will end the war in Ukraine.

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Crude oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $62.94 per barrel, down from Thursday's close at $63.08.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.30 after its previous daily close at $66.42.

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US Retail Sales are expected to increase further in July, ahead of tariff hikes

The United States Census Bureau will publish the country's Retail Sales report on Friday. Market analysts anticipate a 0.5% monthly growth in the headline Retail Sales in July, following a slightly higher increase in June, suggesting that consumption stayed strong.

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GBP/JPY Price Forecast: Continues to face selling pressure around 200.00

The GBP/JPY pair slides 0.3% to near 199.30 during the Asian trading session on Friday. The cross faces a sharp selling pressure as the Japanese Yen (JPY) has strengthened, following the release of the surprisingly upbeat preliminary Q2 Japan's Gross Domestic Product (GDP) data.

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WTI holds losses below $63.00 ahead of Trump-Putin peace talks

West Texas Intermediate (WTI) Oil price loses ground after registering more than 1.5% gains in the previous session, trading around $62.90 per barrel during the Asian hours on Friday.

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GBP/USD strengthens to near 1.3550 as US Retail Sales data looms

The GBP/USD pair gathers to around 1.3545 during the early European session on Friday, bolstered by a weaker US Dollar (USD). Additionally, the stronger-than-expected UK economic data underpins the Pound Sterling (GBP) against the Greenback.

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India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Friday, according to data compiled by FXStreet.

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USD/CHF clings to gains near 0.8070 as hot US PPI supports US Dollar

The USD/CHF pair trades firmly near Thursday's high around 0.8070 during the Asian trading session on Friday.

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AUD/JPY falls toward 95.50 as Japan's economy expands in Q2

AUD/JPY extends its losses for the second successive session, trading around 95.60 during the Asian hours on Friday. The currency cross depreciates as the Japanese Yen (JPY) advances following stronger-than-expected Japanese Gross Domestic Product (GDP) data for the second quarter.

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Silver Price Forecast: XAG/USD flat lines around $38.00 as traders seem non-committed

Silver (XAG/USD) attracts some dip-buying during the Asian session on Friday and stalls the previous day's retracement slide from the $38.70-$38.75 area, or a three-week high. The white metal climbs back above the $38.00 mark in the last hour, though it lacks bullish conviction.

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EUR/JPY falls to near 171.50 following Japan's Q2 GDP data

EUR/JPY extends its losses for the third successive session, trading around 171.70 during the Asian hours on Friday. The currency cross loses ground as the Japanese Yen (JPY) rises following stronger-than-expected Japanese Gross Domestic Product (GDP) data for the second quarter.

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China warns Western companies against stockpiling rare earths -- FT

China is warning foreign companies against stockpiling rare earths or risk even greater shortages, the Financial Times reported on Friday. This statement came after Beijing tightly controls supplies of the metals vital to electric vehicles and other civilian and defence sectors. 

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USD/CAD Price Forecast: Trades firmly near 1.3800 ahead of US Retail Sales data

The USD/CAD pair holds onto Thursday's gains around 1.3800 during the Asian trading session on Friday. The Loonie pair trades firmly as the US Dollar (USD) has strengthened, following the release of the hotter-than-projected United States (US) Producer Price Index (PPI) data for July.

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