Market news
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USD/CHF Rejection at 0.8100 Keeps Dollar on Back Foot
The US Dollar reversed lower against the Swiss Franc on Friday after failing to hold above the 0.8100 level, maintaining a bearish technical outlook. Soft US inflation data continues to weigh on the greenback.
Wells Fargo: Fed to Hold Rates Through 2027, 10Y Near 4.35%
Wells Fargo Economics, led by Tom Porcelli, expects the Federal Reserve to keep the fed funds rate at 3.50%-3.75% through year-end 2027, with the 10-year Treasury yield around 4.35% in 2026 and 4.30% in 2027.
ECB September Rate Hike Still Possible, Commerzbank Says
Commerzbank economists led by Dr. Marco Wagner and Dr. Jörg Krämer expect the European Central Bank to leave rates unchanged in July but still deliver a 25 basis point hike in September.
Leaked Suno Code Shows Millions of Tracks Downloaded for AI Training
A leaked Suno source code reveals logs of over 2 million clips from YouTube Music being used to train its AI, potentially strengthening copyright claims by music labels.
Euro Flat Against US Dollar at 1.1445 as Weekend Approaches
The Euro trades flat against the US Dollar around 1.1445 during the European session on Friday, with caution prevailing amid ongoing US military aggression.
US Dollar Holds Above Support as Risk Sentiment Fades
The US Dollar remains under pressure but holds above a key support zone, while overall risk sentiment begins to fade.
US Stock Index Futures Slip Ahead of Michigan Consumer Sentiment Data
Dow Jones, S&P 500, and Nasdaq 100 futures fell in European trading on Friday as traders awaited the preliminary Michigan Consumer Sentiment Index.
Euro Trims Losses vs Pound on ECB Tightening Hopes
The Euro recovers against the British Pound on Friday, rising from 13-month lows to near 0.8500 amid speculation that the ECB will raise interest rates.
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.
Silver Tests Major Long-Term Support After Collapse
Silver prices have collapsed from resistance at 5770/5800, reaching targets down to 5590/5560, and are now poised to test a key longer-term support level.
GPIF Accumulates Domestic Alternative Assets, Says Takaichi
Japanese official Takaichi stated that the Government Pension Investment Fund (GPIF) is already building up domestic investments through alternative assets under existing guidelines, supporting Japan's economic growth.
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.
LNG Market Shifts Focus from Supply to Flexibility
As storage season advances, attention in the liquefied natural gas market is moving away from supply availability concerns toward operational flexibility.
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.
Tech stocks slide as Google Gemini delay adds to sector jitters
Tech stocks continue to fall for a full 24 hours, with futures pointing down. The decline is driven by a South Korean holiday, US and Japanese market closures, and reports of a delay in Google's Gemini AI model.
Volvo Cars Expands Commercial Performance Program Across Europe
Volvo Cars' commercial chief announced the launch of a new commercial performance program in Germany, set to expand across key European markets, expecting a significant boost to future performance.
JPMorgan: Strategy's $3B Dollar Reserve Positive Signal for Bitcoin
JPMorgan analysts view Strategy's increased dollar reserve as a hopeful signal for Bitcoin, reducing the risk of forced crypto sales to fund dividend payments.
Volvo Cars CEO: No Further Delay to Košice Factory, Confident in Plant Utilization
Volvo Cars' CEO stated there is no expected further delay to the Košice factory in Slovakia and expressed confidence in plant utilization, adding that Ghent operations will not affect Slovakia plans.
Baltic Growth Recovery Uneven, Lithuania Outperforms
Economic growth in the Baltic countries is recovering, though performance across the region remains uneven. Lithuania continues to outpace its neighbors, according to recent updates.
WTI Oil Rises to Near $79 on US-Iran Tension Escalation
WTI crude oil edged higher to around $79.00 during early European trading, heading for its biggest weekly gain since April as escalating US-Iran tensions threaten oil supplies.