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US Dollar Weakens as June Employment Report Shows Cooling Beyond Expectations
The US dollar declined broadly after the June employment report indicated a greater-than-expected slowdown in the labor market.
EUR/USD Rally Likely to Stall Below 1.16, ING Says
ING strategist Francesco Pesole warns that EUR/USD rallies are likely to fade below 1.16, citing a lack of strong bullish drivers for the euro, ongoing doubts about further ECB rate hikes, and headwinds from softer inflation and low oil prices.
Silver Rises to $62.60, Up 2.72% on Friday
Silver prices (XAG/USD) rose on Friday, trading at $62.60 per troy ounce, a 2.72% increase from the previous close of $60.94.
Wells Fargo: Mexico Disinflation Keeps Banxico on Hold
Wells Fargo Economics expects Mexico’s June CPI to confirm gradual disinflation, with headline and core inflation easing but services prices still elevated, keeping Banxico on hold.
Euro Approaches 1.145 as ECB Tightening Case Weakens
The euro edged toward 1.145 against the dollar on Thursday, lagging the pound, after softer-than-expected Euro Area inflation data reduced the case for further ECB tightening.
JPY Intervention Risk High After Soft US Jobs Data
The dollar weakened after softer US jobs data, but analysts see limited room for further USD losses. Focus remains on potential Japanese yen intervention as the yen strengthens.
USD/CAD Correction to 20-Day EMA May Offer Buying Opportunity
USD/CAD edged lower near 1.4175 during European trading as the US Dollar weakened on easing hawkish Fed expectations. A further correction to the 20-day EMA could present a buying opportunity.
AUD/USD to Consolidate Between 0.6895 and 0.6945 – UOB
UOB analyst Quek Ser Leang notes that AUD/USD's sharp rise to 0.6943 was not sustained, expecting the pair to consolidate in a narrow range between 0.6895 and 0.6945 in the near term.
ISM Services PMI and Fed Minutes May Shake Fed Hike Bets
The US dollar is ending the week lower against most major currencies, with the largest losses versus the New Zealand dollar and Swiss franc. Attention turns to next week's ISM services PMI and Fed minutes, which could impact expectations for further rate hikes.
USD/JPY Vulnerable Near Two-Week Low Below 23.6% Fibonacci at 161.00
USD/JPY extends its decline for a second consecutive day, dropping to a more than two-week low during European trade. The pair remains below the 23.6% Fibonacci retracement level at 161.00, suggesting further downside risk.
Commerzbank: Softer US Jobs Data Supports Japanese Yen
Commerzbank analysts note that weaker US non-farm payrolls and reduced Fed rate hike expectations weighed on the Dollar, supporting the Japanese Yen. USD/JPY fell sharply as markets repriced rate expectations.
EUR/USD Rises to 1.1455 on Weak US NFP Data
The Euro climbed to near 1.1455 against the US Dollar on Friday, buoyed by a weaker-than-expected US jobs report that has reduced hawkish Fed expectations.
Euro Advances Against Canadian Dollar Ahead of HCOB PMI Data
EUR/CAD rises for a second day, trading near 1.6230 in European hours, as the euro strengthens ahead of German and Eurozone HCOB PMI releases.
GBP/JPY Dips to Daily Low Near 215.00 Amid Yen Intervention Fears
The British pound is flat near 215.00 against the Japanese yen, but the cross has slipped to the lower end of its daily range during early European trading as concerns about potential intervention by Japanese authorities support the yen.
Weak Data Not Always Good News: Markets Enter New Complicated Phase
Financial markets have entered a more complex phase as investors shift focus from inflation and central banks to another factor that is moving back to the center of debate.
Silver Hits $62.15 on Weak NFP Data, Bearish Bias Persists
Silver price extended its rally to a weekly high above $62.00 after disappointing US Nonfarm Payrolls dampened expectations for further Fed rate hikes, though analysts note the broader technical setup remains bearish.
Choosing a CFD Broker: Key Factors for Traders
A new guide highlights the importance of transparent fees, market access, and essential features when selecting a CFD broker for stocks, forex, and crypto trading.
US Dollar Index Drops to 100.50 Despite Bullish Bias
The US Dollar Index (DXY) fell for a second consecutive day on Wednesday, trading near 100.60 during early European hours, despite an overall bullish market bias.
NZD/USD Hits Weekly High Near 0.5725 on USD Weakness
The NZD/USD pair reached a fresh weekly high around 0.5725 during European trading as a softer US dollar and improved risk appetite support the Kiwi.
Commerzbank Sees Turkish June CPI Disinflation Surprise
Commerzbank analyst Tatha Ghose expects Turkey's June CPI to show a modest disinflation surprise, with headline and core rates easing slightly and month-on-month inflation potentially below expectations.
Canadian Dollar Extends Recovery on Weaker USD, Higher Oil
The USD/CAD pair continues to decline for a second straight day, unable to build on a prior bounce, as the Canadian dollar benefits from a softer US dollar and rising oil prices.
Indian Rupee Rises as Weak US Jobs Data Pressures Dollar
The Indian Rupee strengthened against the US Dollar on Friday after weaker-than-expected Nonfarm Payrolls data weighed on the greenback, pushing USD/INR below 95.26.
India HSBC Composite PMI Dips to 57.1 in June, Misses Estimates
India's HSBC Composite PMI was revised down to 57.1 in June from 57.4, missing market expectations. The data may weigh on the Indian Rupee.
USD/CHF Slides to 0.8020 as US Dollar Weakens on Labor Data
The Swiss franc strengthened against the US dollar, pushing USD/CHF to 0.8020, as disappointing US labor data reduced expectations of further Fed rate hikes.