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United States CFTC Oil NC Net Positions up to 122.1K from previous 99.2K
Fri, Aug 21
Malaysian Ringgit: Supported by strong fundamentals against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong stress that the Malaysian Ringgit (MYR) remains relatively well supported by a softer US Dollar (USD) and robust domestic fundamentals.
Fri, Aug 21
Singapore: inflation and production outlook – DBS
DBS economists Taimur Baig and Radhika Rao project Singapore’s headline and core inflation will rise in July to 2.4% and 2.3% year-on-year, respectively, driven by higher energy and food costs.
Fri, Aug 21
Silver Price Forecast: XAG bulls test $70 as rally extends
Silver prices rally for the third straight day, up more than 2% and, for the week, gains over 7.40%, as a firm US Dollar is not an excuse for precious metals buyers, who are choosing flight-to-quality over haven demand due to the difficult US fiscal stance.
Fri, Aug 21
Gold hits three-month peak above $4,600 as Middle East risks fuel rally
Gold price hits a three-month high and is poised to end the week with gains of over 5.6%, even though business activity in the services sector in the US was solid. Recent developments in the Middle East and a softer US Dollar underpin the yellow metal, which has surpassed the $4,600 threshold.
Fri, Aug 21
EUR/USD Price Forecast: Bulls test 1.1700 as RSI turns overbought
EUR/USD heads for a fourth consecutive weekly gain on Friday, although it has erased its earlier intraday advance. At the time of writing, the pair trades around 1.1682 after briefly rising above 1.1700, its highest level since May 14.
Fri, Aug 21
Germany: Ifo sentiment seen weakening on Iran war – Commerzbank
Commerzbank economists Christoph Balz and Ralph Solveen expect the Ifo Business Climate Index to slip from 86.6 to 86.0 in August as renewed Iran war concerns and higher energy prices weigh on expectations.
Fri, Aug 21
Higher yields stop paying the Dollar Index
The Dollar Index trades just beneath 99.00 and unchanged on the session, with the entire day fitting inside 35 pips between the 98.50 area and a high that stopped a shade short of the handle.
Fri, Aug 21
Swiss Franc struggles as US Dollar steadies, SNB keeps negative rates on table
USD/CHF holds firm on Friday as the US Dollar (USD) trims its intraday losses. At the time of writing, the pair trades around 0.8013 after slipping to 0.7949 on the previous day, its lowest level since June 17.
Fri, Aug 21
United Kingdom: Resilient growth outlook – Deutsche Bank
Deutsche Bank Research, led by Sanjay Raja and Maui Brennan, highlights the United Kingdom (UK) economy’s surprising resilience to the Iran-related energy shock in 2026. Gross Domestic Product (GDP) grew 0.6% q-o-q in Q1 and 0.4% in Q2, making the UK the fastest-growing G7 economy.
Fri, Aug 21
New Zealand Dollar extends rally as fading Fed-hike bets soften US Dollar
The New Zealand Dollar (NZD) extends its rally against the US Dollar (USD) on Friday, trading near 0.6000 and close to its highest level since end-May.
Fri, Aug 21
Iran’s President Pezeshkian urges war’s end as US pressure looms – BBG
The Iranian President Masoud Pezeshkian stated that “It would be better to end the war today, when we have power and dignity, and with the whole world acknowledging our victory,” according to a Bloomberg article.
Fri, Aug 21
Bank of Canada: Tariff deal unlikely to accelerate hikes – TD Securities
TD Securities’ Robert Both expects the Bank of Canada to remain cautious even if a tariff agreement is reached. The Bank wants more data on how lower tariffs affect exports and output, with key trade figures not available until November.
Fri, Aug 21
Bitcoin vs Gold: Risk-on sentiment fuels rallies in BTC and XAU
Bitcoin (BTC) upholds a strong bullish outlook, trading near $78,000 on Friday. Since Monday, the Crypto King has surged by roughly 25%, reflecting a notable shift in risk appetite, especially through Exchange-Traded Funds (ETFs) and derivatives.
Fri, Aug 21
Euro treads water vs Yen as Japanese inflation, European PMIs offset each other
EUR/JPY trades around 185.70 on Friday at the time of writing, virtually unchanged on the day. The Japanese Yen (JPY) gains some support from firmer Japanese inflation data, but the move is offset by resilience in the Euro (EUR) following better-than-expected activity indicators in the Eurozone.
Fri, Aug 21
The Dow Jones Industrial Average buys its own bond problem
The Dow Jones Industrial Average trades roughly 430 points higher at just above 53,200, taking back the larger part of a Thursday decline that ran close to 690 points.
Fri, Aug 21
European Central Bank: Structural LTROs could ease funding pressure - Rabobank
Rabobank's Bas van Geffen, analyses how forthcoming structural Longer-term Refinancing Operations (LTROs) could complement the European Central Bank's (ECB) standard refinancing operations as excess liquidity declines.
Fri, Aug 21
British Pound eases as UK sales drop, US services beat
The Pound Sterling loses some ground against the US Dollar, though it remains poised to end the week with gains of over 0.60%, even as UK Retail Sales disappointed investors and US business activity improved in August. The GBP/USD trades at 1.3626, down some 0.02%.
Fri, Aug 21
AUD/USD Price Forecast: Bulls eye 0.7200 as RSI nears overbought territory
AUD/USD edges higher on Friday, climbing to its highest level since June 3 as the Australian Dollar (AUD) outperforms all its major peers.
Fri, Aug 21
Euro area: Manufacturing strengthens as services stall – Commerzbank
Commerzbank’s Senior Economist Dr. Vincent Stamer notes that Euro area business sentiment has stabilized at a moderate level, with the composite PMI edging up from 52.0 to 52.1 in August, slightly above consensus.
Fri, Aug 21
