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USD/CHF slides to one-month low as resilient US data fails to lift Greenback
The Swiss Franc (CHF) extends its rally for the fourth consecutive day on Friday, with USD/CHF slipping toward the 0.8000 psychological mark near fresh one-month lows, pressured by a broadly weaker US Dollar (USD) despite resilient US inflation and spending data.
GBP/USD consolidates above 1.3450 with muted reaction to US inflation data
The British Pound (GBP) trades under pressure against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback holds firm.
Canadian economy contracts by 1.6% in the second quarter
Canada's real Gross Domestic Product (GDP) declined by 0.4% on a quarterly basis in the second quarter, Statistics Canada reported on Friday. This print followed the 0.5% growth recorded in the first quarter.
EUR/USD steadies above 1.1660 as US PCE data matches expectations
The Euro (EUR) is trading under pressure against the US Dollar (USD) on Friday, edging lower in early dealings before steadying around 1.1660 after the US July Personal Consumption Expenditures (PCE) inflation report came broadly in line with expectations.
EUR/CHF Price Forecast: Euro steadies below 100-day EMA, eyes 0.9400 hurdle
The EUR/CHF attracts buyers on Friday, extending gains for a second straight day after a three-day decline earlier in the week. The cross is trading near 0.9358 at the start of the American session, holding just below the 100-day Exponential Moving Average (EMA).
USD/CAD steady near 1.3750 as traders await US PCE inflation and Canada GDP
The USD/CAD is virtually unchanged on Friday, trading flat after pausing a three-day losing streak as traders turn cautious ahead of the US Personal Consumption Expenditures (PCE) inflation report and Canada's Gross Domestic Product (GDP), both scheduled for release at 12:30 GMT.
USD/JPY: Markets balance weaker data and supportive spreads - Scotiabank
The Japanese Yen (JPY) is entering Friday's NA session flat from Thursday's close, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP is weak within range - Scotiabank
The Pound Sterling (GBP) is weak, down 0.4% against the US Dollar (USD) and underperforming all of the G10 currencies as we enter Friday's NA open.
USD/JPY: Outlook is mixed - UOB Group
US Dollar (USD) could edge lower; based on the current momentum, it may not reach the major support at 146.40. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR quiet in tight range with mixed data ahead of German CPI - Scotiabank
The Euro (EUR) is quietly consolidating within a remarkably tight range and entering Friday's NA session unchanged from Thursday's close, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Silver Price Forecast: XAG/USD corrects slightly from $39 ahead of US PCE inflation data
Silver price (XAG/USD) trades 0.6% lower around $38.80 during the European trading session on Friday.
CAD gains stalled in low/mid 1.37s ahead of GDP data - Scotiabank
Canadian Dollar (CAD) gains have stalled in the low/mid-1.37 zone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
NZD/USD: Major resistance at 0.5920 is unlikely to come under threat - UOB Group
New Zealand Dollar (NZD) is expected to move higher, but the major resistance at 0.5920 is unlikely to come under threat. In the longer run, the likelihood of NZD breaking above the top of the 0.5820/0.5920 range is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD edges higher on Waller comment, more losses ahead - Scotiabank
The US Dollar (USD) is tracking a little higher into the end of the week after finding a little support overnight on comments from Fed Governor Waller, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
AUD/USD might rise above 0.6540 - UOB Group
Australian Dollar (AUD) could rise above 0.6540; it is unlikely to reach the next resistance at 0.6555. In the longer run, AUD is slightly positive, and it is likely to edge higher to 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD: Chance to GBP to test 1.3545 - UOB Group
There is a chance for Pound Sterling (GBP) to test 1.3545; the major resistance at 1.3575 is unlikely to come into view. In the longer run, GBP is likely to trade in a range between 1.3395 and 1.3575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD Price Forecast: Struggles to break above 20-EMA
The NZD/USD pair holds onto gains near 0.5885 during the European trading session on Friday. The Kiwi pair demonstrates strength ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for July, which will be published at 12:30 GMT.
EUR/USD: Negative divergence suggests any advance may not reach 1.17200 - UOB Group
Momentum continues to suggest upside potential in Euro (EUR); negative divergence suggests any advance may not reach 1.1720.
JPY: Inflation in the Tokyo area continues to cool down - Commerzbank
The inflation figures for the Greater Tokyo Area, which usually provide a reliable indication of the figures for Japan as a whole, were published this morning and were in line with expectations, Commerzbank's FX analyst Michael Pfister notes.
EUR/CHF pulls back after resistance rejection - Société Générale
EUR/CHF failed to break above 0.9445 and slipped back below its 200-DMA, with the pullback now eyeing 0.9280/0.9260. A deeper decline towards last year's trough at 0.9210 cannot be ruled out, Société Générale's FX analysts note.
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