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British Pound: Strong UK data fail to lift GBP against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report the British Pound (GBP) is slightly higher versus the US Dollar (USD) but lagging most G10 peers.
Fri, Jul 24
Japanese Yen stays under pressure as resilient US economy supports the Dollar
USD/JPY edges lower on Friday, trading around 163.70, down 0.09% on the day at the time of writing, after hitting a fresh near 40-year high on Thursday.
Fri, Jul 24
Pakistan and Iran explore renewed US talks under China-backed diplomatic push
Pakistan and Iran are exploring a possible path toward renewed negotiations with the United States (US) as part of a new diplomatic initiative supported by China, Reuters reported, citing several sources familiar with the discussions.
Fri, Jul 24
Singapore Dollar: MAS stance supports relative resilience – MUFG
Lloyd Chan at MUFG highlights that Singapore’s June inflation data stayed benign, with modest upticks in headline and core CPI. MAS is expected to keep policy unchanged in July but retain a tightening bias.
Fri, Jul 24
British Pound: Strong PMIs and retail rebound in focus – TD Securities
TD Securities notes that the UK Composite PMI climbed back into expansion at 52.1 in July, led by Manufacturing strength and a Services PMI recovery to 51.8. Input cost inflation eased and business confidence hit its highest since February.
Fri, Jul 24
Australian Dollar edges higher after mixed US PMIs
AUD/USD trades higher near the 0.6990 area on Friday, recovering from an earlier pullback as the US Dollar (USD) struggles to gain clear momentum following mixed United States (US) business-activity data.
Fri, Jul 24
Japanese Yen: Multi-decade lows against US Dollar face BoJ risk – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Japanese Yen (JPY) is slightly firmer versus the US Dollar (USD) but still underperforming most G10 currencies. USD/JPY trades near levels last seen in 1986, with limited resistance overhead.
Fri, Jul 24
US Dollar: Higher yields keep upside risks – MUFG
MUFG’s Derek Halpenny highlights that rising US and global bond yields, elevated geopolitical risks and higher energy prices are supporting the US Dollar.
Fri, Jul 24
Euro: Hawkish ECB and strong PMI cap downside – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that EUR/USD has recovered part of its recent slump but remains below 1.1400. A stronger-than-expected Eurozone July PMI and a hawkish hold from the ECB support the Euro, though higher Oil prices keep growth risks skewed lower.
Fri, Jul 24
Euro slips against US Dollar as strong US PMI supports Greenback
EUR/USD pares earlier gains on Friday as the widening Middle East war and hawkish Federal Reserve (Fed) expectations keep the US Dollar (USD) pinned near recent highs.
Fri, Jul 24
Canadian Dollar struggles as stronger PMIs support US Dollar
USD/CAD trades around 1.4095 on Friday at the time of writing, up a modest 0.06% as the US Dollar (USD) retains a slight advantage following the release of solid US economic data, while the Canadian Dollar (CAD) remains pressured by weak domestic indicators and softer Oil prices.
Fri, Jul 24
Canadian Dollar: Range holds against US Dollar as trade risks linger – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is little changed against the US Dollar (USD), with slightly better fundamentals as United States (US) yields ease and spreads narrow.
Fri, Jul 24
British Pound: BoE holds as energy risks rise – Rabobank
Rabobank’s Stefan Koopman expects the Bank of England (BoE) to keep Bank Rate at 3.75% on 30 July and unchanged through 2026, even as markets still price some chance of further tightening.
Fri, Jul 24
Canadian Dollar: Retail sales support modest Q2 consumption – TD Securities
TD Securities reports that Canadian Retail Sales rose 1.0% month-on-month in May, matching consensus but slightly below its forecast. Gains were broad-based, led by gasoline stations, autos, general merchandise and sporting goods.
Fri, Jul 24
South African Rand: Weakness resumes after SARB surprise – Societe Generale
Societe Generale analysts report USD/ZAR has broken above a multi-month descending trend line and reclaimed its 200-day moving average, suggesting renewed upside momentum. The South African Reserve Bank surprised markets by holding rates at 7.0%.
Fri, Jul 24
WTI Price Forecast: Bulls retest 100-day SMA as momentum stays bullish
West Texas Intermediate (WTI) eases on Friday as traders lock in profits following a 6% jump the previous day. However, the widening Middle East war limits the downside as supply risks intensify around two major energy-shipping routes, the Strait of Hormuz and Bab el-Mandeb.
Fri, Jul 24
Japanese Yen: BoJ repricing may limit JPY losses against US Dollar - BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that USD/JPY is consolidating just below a multi-decade high as Japan’s private sector growth strengthens and Consumer Price Index (CPI) tracks below Bank of Japan (BoJ) forecasts.
Fri, Jul 24
XRP Price Forecast: XRP remains pressured despite the launch of institutional-focused Ripple Mint
Ripple (XRP) slides toward the short-term $1.10 support on Friday, as broader crypto market sentiment weighs on crypto assets. The sell-off mainly stems from fears of inflation in the United States (US) amid the ongoing war in the Middle East and rising Oil prices.
Fri, Jul 24
European Central Bank: September hike risk rises with oil and PMIs – Commerzbank
Commerzbank analysts highlight that ECB President Lagarde has opened the door to a September rate hike, with sources suggesting euro area inflation must improve markedly to avoid tightening.
Fri, Jul 24
Euro pauses near 12-week high against Yen despite upbeat Eurozone PMI
EUR/JPY consolidates modest losses on Friday as fresh data from Japan and the Eurozone fails to generate a strong market response. At the time of writing, the cross trades around 186.30 after reaching a 12-week high of 186.67 on Thursday.
Fri, Jul 24
