Market news
Crypto, stocks, forex and macro, aggregated for traders.
EUR/USD Gains but 100-Day SMA at 1.1567 Caps Rally
EUR/USD rose more than 0.32% and bounced from daily lows, but the 100-day simple moving average near 1.1567 is limiting further upside.
China July Activity Data to Guide Yuan, MUFG Says
MUFG’s Asia FX Weekly notes that China’s July activity indicators, after weak second-quarter GDP, will be key for the yuan and regional currencies.
USD/JPY Steady Near 159.40 as Soft US Sentiment Meets Weak Yen
USD/JPY is little changed around 159.40 after a weak U.S. consumer sentiment reading pressured the dollar while persistent yen weakness kept the pair supported.
US Dollar Weekly Outlook: Weak Data Undermines Fed Hawkishness
Disappointing US data reduced expectations of Federal Reserve tightening, leaving the dollar under pressure while geopolitical tensions remained largely unchanged.
USD/CAD Extends Decline Below 1.4000 as Bears Eye 200-Day SMA
USD/CAD is trading around 1.3877 on Friday, extending its move below 1.4000 and heading for a third consecutive weekly loss as sellers target the 200-day SMA.
Dollar Index breaks range after fourth soft US data print
The Dollar Index held its range through three soft US releases, but Friday’s fourth consecutive soft print finally forced a downside break.
USD/SGD Consolidates Near 1.28 as Soft US PPI Tempers Fed Bets
OCBC analysts note USD/SGD is holding around 1.28 after softer US producer prices trimmed Federal Reserve hike expectations but failed to trigger a fresh dollar move.
USD/CHF snaps four-day winning streak, holds above 0.8100
USD/CHF turned negative on the day, ending a four-day run of gains while staying supported above 0.8100. Bulls are watching key resistance near 0.8150.
Gold climbs as weak US data trims Fed hike bets
Gold gained nearly 0.90% on Friday as the US dollar weakened after softer inflation data reduced expectations for a Federal Reserve rate hike.
Societe Generale Sees USD/KRW Targeting 1407 as Won Gains
Societe Generale analysts note USD/KRW has corrected below its 200-day moving average near 1478 and is now testing a 2023 ascending trend line, with 1407 seen as the next target.
USD/CNH Stays Range-Bound Near 6.7450, UOB Says
UOB analysts see USD/CNH remaining in a tight intraday range near 6.7450 as momentum indicators stay flat.
NZD/USD Gains 0.75%, Approaches 0.5900 as Dollar Slides
NZD/USD is up 0.75% on Friday, trading around 0.5895, though momentum is fading as it nears the 0.5900 level.
Silver Holds Gains but Lacks Fresh Momentum
Silver (XAG/USD) is trading higher on Friday but remains within this week's narrow range, with no strong follow-through.
Scotiabank sees euro upside bias against dollar on spreads
Scotiabank strategists say EUR/USD is trading in the mid-1.15s with modest gains, supported by euro-area GDP and a return to trade.
EUR/GBP Holds Tight Range Around Mid-0.8500s
EUR/GBP was little changed on Friday, stuck in a narrow range around the mid-0.8500s as Eurozone data landed close to forecasts.
MUFG highlights ASEAN FX data and growth concerns
MUFG analysts are watching Singapore export data and Malaysia inflation figures as regional growth concerns weigh on ASEAN currencies.
Canada Core Softness to Guide BoC Path, TD Securities Says
TD Securities expects Canadian headline CPI to rise to 2.9% year-on-year in July, while soft core inflation is seen steering the Bank of Canada.
Indonesia policy continuity expected to support rupiah
ING’s Lynn Song expects Bank Indonesia to keep its benchmark rate unchanged at 5.75% this week, with rupiah stability remaining the priority.
Pound Climbs as Soft US Sales Deepen Dollar Weakness
Sterling gained about 0.40% on Friday after US data supported a dovish Federal Reserve stance, pushing GBP/USD to 1.3545.
Scotiabank Sees Policy Risks Supporting Yen Gains vs Dollar
Scotiabank strategists say USD/JPY is trading near 159, with modest yen gains providing reassurance to Japan's Ministry of Finance.
EUR/USD Weekly Forecast: War Escalation Could Revive Dollar Demand
EUR/USD ended the week marginally higher around 1.1580 but lacks clear direction, with the market watching whether renewed geopolitical escalation revives U.S. dollar demand.
Euro erases weekly decline as dollar weakens on Fed outlook
EUR/USD climbed Friday to around 1.1580, reversing the week's earlier losses as fading Fed rate-hike expectations pressured the US dollar.
Gold hits two-month high as Fed rate-hike bets fade
Gold extended its rally to a fresh two-month peak as markets scaled back expectations for another Federal Reserve rate increase, though Middle East stalemate kept bullish potential in check.
UK Inflation Risks Tilt Higher, TD Securities Says
TD Securities expects UK headline CPI to rise to 2.9% year-on-year in July, driven by the Ofgem energy price cap adjustment, while services inflation is seen easing.