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Euro Bullish Bias Capped by Resistance – UOB
UOB strategists note EUR/USD has eased after Wednesday's surge and is now consolidating between 1.1420 and a resistance level, maintaining a bullish bias but capped.
US Dollar Index Loses Traction near 23.6% Fibonacci at 100.85
The US Dollar Index (DXY) pulls back after Friday's uptick, stalling its recovery from a one-month low near 100.35 as sellers emerge near the 23.6% Fibonacci retracement level.
NZD/USD Falls Below 0.5850 as US Strikes Iran
The New Zealand Dollar weakened against the US Dollar, slipping to around 0.5840 after the US launched a wave of strikes against Iran, fueling risk-off sentiment.
AUD/USD Price Forecast: More Upside Likely as Pair Stabilizes Above 20-Day EMA
The Australian Dollar is hovering near 0.6990 against the US Dollar, edging slightly lower as the greenback strengthens on renewed US inflation fears. However, stabilization above the 20-day EMA suggests further upside potential.
EUR/USD Struggles for Direction, Commerzbank Says
Commerzbank strategist Volkmar Baur notes EUR/USD lacks clear direction, citing the Iran conflict, rising oil prices, and diverging inflation dynamics as clouds on the horizon.
Japan FinMin Katayama: No change in stance that BoJ determines monetary policy
Japan's Finance Minister Satsuki Katayama reaffirmed on Friday that the government's position remains unchanged: specific monetary policy decisions are left to the Bank of Japan.
USD/JPY Holds Steady Near 162.40 After Breaking EMA Resistance
USD/JPY trades around 162.40 during Asian hours on Friday, maintaining a bullish bias after breaking above both the nine- and 50-period exponential moving averages.
Indian Rupee Ticks Up on RBI Intervention, Downside Seen
The Indian Rupee opened slightly higher against the US Dollar, with USD/INR easing to near 96.30 after the Reserve Bank of India intervened. However, analysts favor further downside for the INR.
US Inflation Data Shows Decline in June, Producer Prices Also Fall
US consumer prices declined in June, and producer prices also fell, according to recent data. Underlying inflation showed signs of easing, offering encouragement to financial markets.
EUR/USD Stays Pressured Below Mid-1.1400s After Failing at 200-SMA
EUR/USD edges lower for a second straight day as energy-driven inflation fears revive Fed rate hike bets, supporting the US dollar. The pair remains pressured below mid-1.1400s after failing near the 200-SMA on the 4-hour chart.
AUD/JPY Dips Below 113.50 on Intervention Fears, Bullish Trend Intact
AUD/JPY softened to around 113.35 during European trading amid fresh intervention rhetoric from Japanese officials, but the broader bullish outlook remains intact.
Canadian Dollar Holds Near One-Month High as Oil Gains Counter Fed Rate Hike Bets
The USD/CAD pair struggles to extend an overnight bounce from the 1.4000 level, attracting sellers during Asian trade as rising oil prices support the loonie despite firm USD and Fed tightening expectations.
Gold Recovers from Monthly Low as Hawkish Fed, Strong USD Cap Gains
Gold (XAU/USD) edged higher in Asian trade on Friday, rebounding from near the monthly low, but further upside appears limited due to a hawkish Federal Reserve outlook and a firm US dollar.
USD/CHF Holds Near 0.8090 as Middle East Tensions Support Dollar
The Swiss Franc steadied against the Dollar on Friday, with USD/CHF trading around 0.8090. Escalating US-Iran tensions provided support for the greenback, countering shifting expectations for Federal Reserve policy.
Gold Price Forecast: XAU/USD Pulls Back, Sellers Eye Next Leg Down
Gold is licking its wounds near two-week lows in Friday's Asian session, as sellers remain hopeful of clinching the biggest weekly loss in six weeks.
EUR/JPY Holds Below Ascending Triangle Resistance Near 186.00
EUR/JPY extends losses for a second day, trading around 185.70 during Asian hours, remaining below the ascending triangle top near 186.00 despite holding above key EMAs.
USD/CNH Rises for Second Day as Safe-Haven Demand Boosts US Dollar
USD/CNH extended gains for a second consecutive session on Friday, trading near 6.7760, as safe-haven flows supported the US dollar amid escalating Middle East tensions.
Yen Weakens on US-Iran Strikes, Intervention Warning
USD/JPY trades near 162.40 as the US launches a sixth night of strikes against Iran, boosting the dollar against the yen. Japan raises intervention risk concerns.
AUD/USD Slides to 0.7980 as USD Strengthens on Geopolitical and Rate-Hike Bets
The Australian dollar fell for a second straight day, dropping to the 0.7980 area in Asian trading, as geopolitical tensions and rising expectations of a Federal Reserve rate hike boosted the US dollar.
GBP/USD Slips Below 1.3500 as US Strikes Iran, Risk Aversion Mounts
The British pound weakened below 1.3500 against the US dollar during Asian trading on Friday, pressured by heightened geopolitical tensions after the US launched a new wave of strikes against Iran.
Silver Price Falls to Near $55.50 on Rate Concerns
Silver (XAG/USD) slid for a third consecutive day, trading around $55.50 per troy ounce during Asian hours Thursday, on track for a weekly drop of over 7% as rising interest rate fears and Middle East tensions weighed on the metal.
PBOC sets USD/CNY reference rate at 6.7934 vs 6.7909 previous
The People's Bank of China set the USD/CNY central rate at 6.7934 for the upcoming trading session, compared to the previous fix of 6.7909 and the Reuters estimate of 6.7734.
Japan's Katayama says ready to act on currency moves
Finance Minister Satsuki Katayama stated that authorities are prepared to intervene in currency markets as needed.
New Zealand Dollar Rises Amid Sticky Inflation Fears, Middle East Tensions
NZD/USD inches higher to around 0.5840 in Asian trade, supported by persistent inflation concerns and escalating geopolitical tensions in the Middle East.