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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.
USD/CNH remains negative - UOB Group
The sharp drop in US Dollar (USD) could test 7.1100 before stabilization can be expected; the next support at 7.1000 is unlikely to come into view.
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.
Escalating conflict between the White House and the Fed causes Gold to rise - Commerzbank
The Gold price surpassed the $3,400 per troy ounce mark yesterday and climbed further to a five-week high, Commerzbank's commodity analyst Carsten Fritsch notes.
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.
US Oil stocks fell last week, strong demand for Oil products - Commerzbank
According to the US Department of Energy, US crude Oil inventories fell by 2.4 million barrels last week compared to the previous week, Commerzbank's commodity analyst Carsten Fritsch notes.
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.
Significant increase in Russian Oil shipments to India expected in September - Commerzbank
Bloomberg data showed that Russian Oil exports to India fell by almost 40% compared to the previous week to just over 800,000 barrels per day, the lowest level since October 2022, unless there will be an upward revision, Commerzbank's commodity analyst Carsten Fritsch notes.
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.
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