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EUR/GBP edges lower despite downbeat UK retail sales
EUR/GBP edges lower despite downbeat UK retail sales
The Euro (EUR) edges lower against the British Pound (GBP) on Friday, unable to capitalize on disappointing UK retail sales data released earlier in the day.
Crosses
EURGBP
RetailSales
Fed's Waller: The Fed is in position as early as July for cuts
Fed's Waller: The Fed is in position as early as July for cuts
In an interview with CNBC on Friday, Federal Reserve (Fed) Governor Christopher Waller said that the Fed is in a position to cut the policy rate as early as July, per Reuters.
CentralBanks
Fed
Gold pulls back as Trump delays US involvement in Iran but Middle East tensions cap losses
Gold pulls back as Trump delays US involvement in Iran but Middle East tensions cap losses
Gold (XAU/USD) is edging lower on Friday, trading around $3,368 at the time of writing, as the yellow metal extends its pullback from the weekly high near $3,452 recorded on Monday.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
Canada April retail sales +0.3% vs +0.5% expected
Canada April retail sales +0.3% vs +0.5% expected
Canadian April 2025 retail sales report along with the May advance data
Indian Rupee edges higher as Oil retreats, Equities jump, USD/INR holds ground
Indian Rupee edges higher as Oil retreats, Equities jump, USD/INR holds ground
The Indian Rupee (INR) snaps its three-day losing run against the US Dollar (USD) on Friday, recovering modestly after hitting a three-month low the previous day.
USDINR
Oil
Fundamental Analysis
Technical Analysis
The USD is lower vs the EUR and GBP but modestly higher in JPY
The USD is lower vs the EUR and GBP but modestly higher in JPY
The technicals allow traders to work through the news stories by defining risk and defining bullish and bearish bias. In the video I take a look at the key technical levels of play and explain why.
Platinum price at 11-year high, ETF outflows call for caution – Commerzbank
Platinum price at 11-year high, ETF outflows call for caution – Commerzbank
The Platinum price continued to soar this week, reaching its highest level in almost 11 years yesterday at $1,350 per troy ounce, Commerzbank's commodity analyst Carsten Fritsch notes.
Banks
Metals
Commodities
Platinum
Palladium
Central banks expect further Gold purchases in the next 12 months – Commerzbank
Central banks expect further Gold purchases in the next 12 months – Commerzbank
"This week, the World Gold Council published its annual survey among central banks on their assessment of Gold reserves and future Gold purchases, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold
Banks
XAUUSD
Metals
Fed meeting a non-event for Gold – Commerzbank
Fed meeting a non-event for Gold – Commerzbank
The Gold price remained virtually unaffected by the US Federal Reserve's monetary policy decision on Wednesday evening, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Gold
Fed
Banks
XAUUSD
Commodities
US crude oil inventories post largest decline in almost a year – Commerzbank
US crude oil inventories post largest decline in almost a year – Commerzbank
US crude oil inventories recorded a surprisingly sharp decline of 11.5 million barrels last week, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Banks
Energy
Brent
IEA confirms demand peak at the end of the decade – Commerzbank
IEA confirms demand peak at the end of the decade – Commerzbank
The IEA presented its medium-term outlook this week. As in the previous year, it believes that oil demand will peak at the end of the decade, Commerzbank's commodity analyst Barbara Lambrecht notes.
Oil
Banks
Energy
Price of Gold could also rise more significantly – Commerzbank
Price of Gold could also rise more significantly – Commerzbank
After briefly exceeding $3,400 per troy ounce, the Gold price stabilised just below this level, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Gold
XAUUSD
Banks
Metals
Oil: Under the spell of geopolitics – Commerzbank
Oil: Under the spell of geopolitics – Commerzbank
The Brent Oil price has risen to a 5-month high of $79 per barrel due to a further escalation of the military conflict between Israel and Iran, which has been ongoing for a week, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Banks
Energy
Brent
RUB: Now the next rate cut – Commerzbank
RUB: Now the next rate cut – Commerzbank
Russia’s central bank (CBR) issued a 100bp surprise rate cut at its last meeting in May, but it reiterated its hawkish message, hence it did not appear that the CB would continue to cut rates– Commerzbank, Commerzbank's FX analyst Tatha Ghose notes.
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Banks
CentralBanks
JPY steady, fading modest CPI-driven gains – Scotiabank
JPY steady, fading modest CPI-driven gains – Scotiabank
The Japanese Yen (JPY) is entering Friday’s NA session flat vs. the US Dollar (USD), having faded the modest gains that had surrounded the overnight release of national CPI figures, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osbor
USDJPY
Banks
Japan
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CPI
Bank of England leaves interest rates unchanged – Commerzbank
Bank of England leaves interest rates unchanged – Commerzbank
As expected, the Bank of England (BoE) left interest rates unchanged yesterday, Commerzbank's FX analyst Michael Pfister notes.
Banks
BOE
InterestRate
CentralBanks
UnitedKingdom
GBP ignores soft retail sales and rates markets steady following BoE – Scotiabank
GBP ignores soft retail sales and rates markets steady following BoE – Scotiabank
Pound Sterling (GBP) is up a modest 0.2% vs. the US Dollar (USD) and outperforming nearly all of the G10 currencies in an environment of mild USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBPUSD
Banks
BOE
CHF: SNB refrains from surprises – Commerzbank
CHF: SNB refrains from surprises – Commerzbank
When the Swiss National Bank (SNB) announced its decision yesterday, some analysts seemed to have been anticipating a repeat of negative interest rates in Switzerland, Commerzbank's FX analyst Michael Pfister notes.
USDCHF
SNB
Switzerland
Banks
EURCHF
AUD/USD trades calmly as investors await clarity on US’ plans of striking Iran
AUD/USD trades calmly as investors await clarity on US’ plans of striking Iran
The AUD/USD pair ticks up to near 0.6490 during European trading hours on Friday. The Aussie pair oscillates inside the Thursday’s trading range, while investors await the decision from the United States (US) about whether it will directly involve in the week-long aerial war between Israel and Iran.
AUDUSD
RBA
Employment
DollarIndex
MiddleEast
EUR outperforming in quiet trade – Scotiabank
EUR outperforming in quiet trade – Scotiabank
The Euro (EUR) is strong, up a decent 0.3% vs. the US Dollar (USD) as it outperforms all of the G10 currencies into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EURUSD
Banks
Technical Analysis
ECB
CAD little changed near 1.37 – Scotiabank
CAD little changed near 1.37 – Scotiabank
USD/CAD is little changed on the day and while the Canadian Dollar (CAD) is a relative underperformer on the session, USD traction above 1.37 is showing signs of weakening, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USDCAD
Canada
Banks
USD/CHF finds support above 0.8150 and holds weekly gains
USD/CHF finds support above 0.8150 and holds weekly gains
The US Dollar was rejected on Thursday at 0.8715, but downside attempts have remained capped above 0.8450 on Friday, which leaves the pair on track to close the week with a 0.7% advance.The Swiss Franc lost ground during the week as the market anticipated that the Swiss National Bank would cut rates
USDCHF
Currencies
Majors
SNB
USD/CNH: Likely to trade in a lower range of 7.1750/7.1930 – UOB Group
USD/CNH: Likely to trade in a lower range of 7.1750/7.1930 – UOB Group
Slight increase in downward momentum is likely to lead to a lower range of 7.1750/7.1930. In the longer run, US Dollar (USD) has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD slips, US stocks and bonds underperform – Scotiabank
USD slips, US stocks and bonds underperform – Scotiabank
The US Dollar (USD)—and US assets generally—are under a little pressure into the end of the week.
DollarIndex
UnitedStates
Banks
USD/JPY: Likely to trade between 144.80 and 145.80 – UOB Group
USD/JPY: Likely to trade between 144.80 and 145.80 – UOB Group
US Dollar (USD) is expected to trade in a range, most likely between 144.80 and 145.80. In the longer run, there has been a tentative buildup in momentum; for a sustained advance, USD must first break and hold above 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
JPY: Food prices continue to drive inflation – Commerzbank
JPY: Food prices continue to drive inflation – Commerzbank
Rice accounts for just 0.62% of the Japanese consumer price index, Commerzbank's FX analyst Volkmar Baur notes.
Japan
USDJPY
Banks
BOJ
GBP: Vote split endorses August BoE cut – ING
GBP: Vote split endorses August BoE cut – ING
The Pound Sterling (GBP) was only lightly touched by a consensus Bank of England hold on Thursday, ING's FX analyst Francesco Pesole notes
Banks
GBPUSD
Technical Analysis
EURGBP
Weekend gap risk will likely keep markets rangebound
Weekend gap risk will likely keep markets rangebound
Escalation or de-escalation could lead to gaps on Monday open
market overview
Gold Price Forecast: XAU/USD is testing $3,340 support under growing bearish pressure
Gold Price Forecast: XAU/USD is testing $3,340 support under growing bearish pressure
Gold (XAU/USD) is trading lower on Friday as easing concerns of a regional war in the Middle East have undermined demand for safe havens.
XAUUSD
Gold
Commodities
Macroeconomics
A Year After Rebranding, Noor Capital UK Reports £1.5M Turnover for 2025
A Year After Rebranding, Noor Capital UK Reports £1.5M Turnover for 2025
Noor Capital UK Limited, formerly known as House of Borse Limited, has released its financial results for the year ending 31 March 2025.
Noor Capital
retail FX
retail forex
retail
China SMEI: Demand weakened in June – Standard Chartered
China SMEI: Demand weakened in June – Standard Chartered
Headline SMEI eased further to a nine-month low of 50.1 in June as new orders shrank. Export-oriented SMEs’ performance sub-index fell below the 50 level, reflecting the tariff chill. Non-manufacturing SMEs’ performance stayed in contractionary territory for a third straight month.
China
Banks
Growth
USD: Support from geopolitical risk faltering – ING
USD: Support from geopolitical risk faltering – ING
The White House said yesterday it will decide whether to order direct strikes on Iran within two weeks, ING's FX analyst Francesco Pesole notes.
DollarIndex
Banks
Technical Analysis
Broker Rebates