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Copper: Tariff-driven tightness faces policy risk – ING
ING Commodities Strategist Ewa Manthey highlights that Copper has surged back near record highs as traders accelerate shipments into the US ahead of potential import tariffs, tightening physical markets and draining LME inventories.
Fri, Aug 7
Canadian Dollar: Labour strength and BoC stance – TD Securities
TD Securities economists Robert Both and Emma Lawrence highlight a strong Canadian labour market, with July employment up 75k and unemployment at 6.4%.
Fri, Aug 7
Mexico: Banxico extended hold stance – Societe Generale
Societe Generale’s Dev Ashish reports that Banxico left its policy rate at 6.50%, signalling an extended pause as inflation hovers near target and real rates sit close to neutral.
Fri, Aug 7
Silver Price Forecast: Weak US payrolls fuel breakout above 50-day SMA
Silver (XAG/USD) jumps nearly 4% on Friday as buying accelerates following a decisive break above the 50-day Simple Moving Average (SMA) near $62. At the time of writing, the grey metal trades around $63.94 after briefly testing the $65 psychological mark.
Fri, Aug 7
Silver: Solar demand headwinds emerge – Commerzbank
Commerzbank’s Carsten Fritsch notes that the Silver price has surged over 10% this week to USD 63.9 per troy ounce, its highest level since late June, pulling the gold/silver ratio back below 70.
Fri, Aug 7
Top AI Coins Forecast: Chainlink, Near Protocol and Bittensor broadly stabilize after sell-off
The cryptocurrency market is stabilizing on Friday as prospects for de-escalation in Middle East geopolitical tensions improve.
Fri, Aug 7
Japanese Yen surges as weak US jobs data questions Fed rate hike expectations
USD/JPY falls toward 157.40 on Friday, down 0.65% on the day at the time of writing, as the US Dollar (USD) comes under heavy selling pressure following a much weaker-than-expected US employment report.
Fri, Aug 7
British Pound climbs above 1.3500 after weak US NFP data
The British Pound (GBP) strengthens against the US Dollar (USD) on Friday after a disappointing US Nonfarm Payrolls report prompts traders to scale back bets on Federal Reserve (Fed) interest-rate hikes. At the time of writing, GBP/USD trades around 1.3506, hovering near three-week highs.
Fri, Aug 7
Euro surges as shocking US NFP reverses Fed September hike expectations
EUR/USD jumps 0.43% on the day and trades around 1.1570 at the time of writing, as the US Dollar (USD) comes under heavy selling pressure following a much weaker-than-expected US employment report.
Fri, Aug 7
Equities: AI profitability doubts grow – Nordea
Nordea analysts Kirsti Sunde Midttun and Ole Håkon Eek-Nielsen argue that AI profitability faces structural pressure from high inference costs, rapid model depreciation and growing competition from free and open alternatives.
Fri, Aug 7
Canada's Unemployment Rate drops to 6.4% in July
Statistics Canada reported on Friday that the Unemployment Rate decreased to 6.4% in July, below what markets were expecting.
Fri, Aug 7
XRP Price Forecast: XRP nears critical $1.00 support
Ripple (XRP) remains pressured on Friday, trading around $1.03 at the time of writing. The token appears to hold this current level as support but lacks a catalyst to sustain a knee-jerk rebound toward the next key resistance at $1.10.
Fri, Aug 7
India: Inflation steady, trade deficit persists – DBS
DBS Group Research’s Econs team expects India’s July inflation to remain steady at 4.4% year-on-year, with core readings staying below 4% thanks to softer precious metals. Food staples show mixed trends, while fuel price adjustments may lift utilities and fuel components.
Fri, Aug 7
Japanese Yen: Intervention skepticism meets BoJ repricing – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights growing market skepticism about Japan’s FX interventions, despite sizeable recent operations that triggered sharp but temporary Japanese Yen (JPY) rallies.
Fri, Aug 7
EUR/GBP Price Forecast: Mixed momentum signals point to more consolidation
The Euro (EUR) edges higher against the British Pound (GBP) on Friday, although price action has been confined to a narrow range over the past ten trading days, suggesting that the mid-July rebound from below 0.8500 is losing steam beneath a dense cluster of moving averages.
Fri, Aug 7
Silver price rallies to six-week high ahead US jobs data
Silver (XAG/USD) extends its strong rally on Friday, trading around $64.10 at the time of writing, up 4.16% on the day.
Fri, Aug 7
Euro: Fed repricing supports moderate gains against US Dollar – Commerzbank
Commerzbank’s Thu Lan Nguyen argues that the US Dollar's (USD) current support from perceived hawkish Federal Reserve (Fed) policy is likely to fade as markets reassess United States (US) rate expectations over coming quarters.
Fri, Aug 7
US Dollar: Fed tightening risks keep outlook bullish – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight renewed Dollar support from higher Oil prices, rising US yields and resilient US labour data as markets reassess Federal Reserve tightening risks.
Fri, Aug 7
WTI Oil pulls back below $76.00 with markets pondering talks to reopen Hormuz
Oil prices are trimming gains on Friday, with the barrel of the US benchmark West Texas Intermediate (WTI) trading just below $76.00 at the time of writing, on track for a 10% weekly decline.
Fri, Aug 7
Mexican Peso: Restrictive Banxico stance supports MXN carry – Rabobank
Rabobank’s Molly Schwartz and Christian Lawrence note that Mexico's central bank, Banxico unanimously kept the overnight policy rate at 6.50% on August 6 and continues to judge the stance as appropriate.
Fri, Aug 7
