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GBP/USD Struggles at 1.3200 Amid Bearish Setup
The GBP/USD pair maintains a slight positive bias for a second day but fails to build momentum above 1.3200, with the overall technical outlook remaining bearish.
US Dollar Strength Extends as Growth Holds – Commerzbank
Commerzbank analyst Volkmar Baur notes that despite easing oil prices and lower inflation expectations, the market still prices in at least one more Fed rate hike by year-end, while the ECB is expected to deliver only one further move.
AUD/USD Forecast: 20-Day EMA Points to More Losses
AUD/USD drops 0.25% to near 0.6890 as expectations of a rate cut by the RBA weigh on the Australian Dollar. The bearish 20-day EMA suggests further downside.
GBP/USD Set for Worst Monthly Performance in a Year
The GBP/USD pair is on track to close June with its worst monthly performance since July last year, trading near 1.3182. Sterling has lost about 2.2% since the start of the month, hitting its lowest level since November.
GBP/USD fails to test key support, holds range – UOB
UOB analysts note GBP/USD failed to test the major support at 1.3110, rebounding from 1.3152 to 1.3218 before closing in a range-bound pattern.
USD/CHF extends correction, 0.8040 seen as key support
The USD/CHF pair fell 0.2% to 0.8085 during European trading on Friday, extending its pullback from a 10-month high of 0.8140, with 0.8040 identified as key support.
US Dollar Index slides below 101.50 as PCE data dims Fed rate hike prospects
The US Dollar Index (DXY) weakened below 101.50 after the release of US PCE inflation data, with fading expectations of further Federal Reserve rate hikes.
MUFG: Strong US Data Supports High-for-Longer Rates, Bolsters Dollar
MUFG analyst Lloyd Chan says robust US macro data keeps rates high for longer, providing structural support for the US dollar.
EUR/GBP Shows Signs of Bottoming Near 0.8600
The euro is trading nearly flat at 0.8615 against the pound on Friday, with price action suggesting a possible bottom after bouncing from the 0.8600 support level.
BoJ Rate Hike Path Supported as Tokyo Inflation Nears 2% Target
Commerzbank notes that Greater Tokyo inflation has edged up to just below 2%, reinforcing the case for further Bank of Japan normalization. Limited oil passthrough and structural improvements support the yen.
NZD/USD Holds Losses Near 0.5650 Amid Bearish Bias
The New Zealand Dollar continues its losing streak against the US Dollar, trading around 0.5650 during Asian hours. Technical indicators point to a persistent bearish trend within a descending channel.
Australian Dollar Hits Fresh Lows Since April Against USD Amid Risk-Off
The Australian dollar weakened to its lowest level since early April against the US dollar during the Asian session, driven by broad risk-aversion in global markets.
EUR/JPY slips below 184.00 on bearish bias, trades near 183.90
EUR/JPY edged lower during Asian trading, slipping below the 184.00 level as bearish near-term pressure persists, with the pair hovering around 183.90.
AUD/JPY Extends Bearish Spell Below 111.50
The AUD/JPY cross trades in negative territory around 111.25 during early European trading, maintaining a downside bias below the 111.50 level.
Indonesian Rupiah Weakens as USD Gains on Fed Rate Hike Bets
USD/IDR holds gains near 18,000 after a bullish gap opening, as the US Dollar finds support from rising expectations of a Federal Reserve rate hike.
EUR/USD Holds Above Mid-1.1300s Amid Hormuz Risks, Bearish Setup
EUR/USD is trading in a narrow range during the Asian session Friday, holding above mid-1.1300s after Thursday's drop to the lowest since May 2025. The bearish setup persists despite Hormuz-related risks.
Gold Price Forecast: Death Cross Looms, XAU/USD Eyes $3,950 Support
Gold (XAU/USD) falls back near $4,000 on Friday, ending a brief rebound, as traders eye a potential death cross and key support at $3,950.
Gold Weakens Below $4,000 as Fed Hike Bets and Hormuz Risks Boost USD
Gold (XAU/USD) fell back below $4,000 during Asian trading on Friday as renewed US Dollar strength, driven by expectations of Federal Reserve rate hikes and geopolitical risks in the Hormuz Strait, weighed on the precious metal.
Swiss Franc Slides as Fed Hike Expectations Boost US Dollar
USD/CHF gained nearly 0.30% during Asian hours on Friday, trading around 0.8100, as the US Dollar strengthened on growing Federal Reserve rate hike bets.
DXY Rebounds to 101.50 on Fed Rate Cut Expectations
The US Dollar Index recovers from recent losses, trading around 101.50 during Asian hours, supported by growing bets on Federal Reserve rate cuts.
GBP/USD Stays Below 1.3200 as Hormuz Attack Boosts Safe-Haven USD
The GBP/USD pair holds a positive bias for a second day but remains below 1.3200 as a ship attack near Hormuz strengthens demand for the safe-haven US dollar.
USD/CAD Drops to 1.4200 as Oil Rally Boosts Canadian Dollar
USD/CAD fell for a second straight day, trading near 1.4200 in Asian trading on Friday, as rising oil prices supported the commodity-linked Canadian Dollar.
AUD/USD Dips to 0.6900 on Fed Rate Hike Expectations
The Australian dollar weakened against the US dollar during Asian trading on Friday, with the pair falling to around 0.6900 as markets price in further Federal Reserve rate hikes.
Yen Consolidates Near 40-Year Low After Tokyo CPI, Intervention Risks Loom
USD/JPY trades just below 162.00, near its lowest in four decades, as traders weigh Tokyo CPI data and the threat of Japanese intervention.