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British Pound responds slightly positive to 0.1% decline in UK GDP in April
The British Pound (GBP) attracts slight bids against its major currency peers after the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for April. The GBP/USD claws back a majority of its early losses and rebounds to near 1.3410.
GBP/USD
Fxstreet
Fri, Jun 12
Euro: Complex rate path questions for EUR – Commerzbank
Commerzbank’s Thu Lan Nguyen notes the European Central Bank sounded slightly hawkish, but investors already price in two further hikes, leaving the Euro softer after President Lagarde avoided clear guidance.
EUR/USD
Fxstreet
Fri, Jun 12
Canadian Dollar softens on strong US PPI data, US-Iran peace deal uncertainty
The USD/CAD pair gains traction to near 1.3980 during the early European trading hours on Friday, bolstered by hot US inflation data. Traders will closely monitor the developments surrounding the US-Iran peace deal.
USD/CAD
Fxstreet
Fri, Jun 12
British Pound: Bullish bias within higher band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann observe that GBP/USD’s surge to 1.3434 has stretched short-term conditions, but further gains toward a retest of 1.3435 remain possible, with 1.3465 unlikely to break.
GBP/USD
Fxstreet
Fri, Jun 12
Germany Consumer Price Index (YoY) in line with expectations (2.6%) in May
Germany Consumer Price Index (YoY) in line with expectations (2.6%) in May
EUR/USD
Fxstreet
Fri, Jun 12
Germany Consumer Price Index (MoM) in line with forecasts (-0.2%) in May
Germany Consumer Price Index (MoM) in line with forecasts (-0.2%) in May
EUR/USD
Fxstreet
Fri, Jun 12
Germany Harmonized Index of Consumer Prices (YoY) in line with expectations (2.7%) in May
Germany Harmonized Index of Consumer Prices (YoY) in line with expectations (2.7%) in May
EUR/USD
Fxstreet
Fri, Jun 12
Germany Harmonized Index of Consumer Prices (MoM) meets expectations (-0.1%) in May
Germany Harmonized Index of Consumer Prices (MoM) meets expectations (-0.1%) in May
EUR/USD
Fxstreet
Fri, Jun 12
AUD/USD Price Forecast: Needs decisive break above 50% Fibo retracement at 0.7050 for more upside
The AUD/USD pair is down 0.22% to near 0.7035 in the early European trade on Friday.
AUD/USD
US Dollar Index
Fxstreet
Fri, Jun 12
Silver Price Forecast: XAG/USD could rebound toward $67.00 amid potential bullish reversal
XAG/USD edges lower after registering over 6% gains in the previous day, trading around $67.00 per troy ounce during the Asian hours on Friday. The technical analysis of the daily chart shows a falling wedge pattern, which suggests a strong bullish reversal.
Silver
Fxstreet
Fri, Jun 12
Indian Rupee bounces back as Trump sees Iran deal closure soon
The Indian Rupee (INR) opens sharply higher against the US Dollar (USD) on Friday.
Brent
Fxstreet
Fri, Jun 12
AUD/JPY Price Forecast: Drifts higher above 112.50, upside momentum fades but remains bullish
The AUD/JPY cross trades in positive territory around 112.80 during the early European trading hours on Friday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) on hopes that a Middle East peace deal may finally materialize.
AUD/JPY
Fxstreet
Fri, Jun 12
USD/JPY Price Forecast: Climbs further beyond 160.00 as Mideast tensions undermine JPY
The USD/JPY pair attracts fresh buyers during the Asian session on Friday and moves away from a one-week low, touched the previous day.
USD/JPY
Fxstreet
Fri, Jun 12
EUR/USD Price Forecast: Needs to break above 20-day for sustained recovery
The EUR/USD pair trades marginally lower at around 1.1567 during the European trading session on Friday. The major currency pair edges down as the US Dollar (USD) rebounds slightly after Thursday’s decline.
EUR/USD
US Dollar Index
Fxstreet
Fri, Jun 12
Swiss Franc weakens as renewing risk aversion lifts US Dollar
USD/CHF gains ground after registering over 0.5% losses in the previous day, trading around 0.7960 during the Asian hours on Friday.
USD/CHF
Fxstreet
Fri, Jun 12
EUR/JPY Price Forecast: Holds gains near 185.50 as bullish bias prevails
EUR/JPY appreciates after registering minor losses in the previous day, trading around 185.40 during the Asian hours on Friday. The currency cross is holding a constructive bullish bias as spot remains above both the nine-day and 50-day Exponential Moving Averages (EMAs).
EUR/JPY
Fxstreet
Fri, Jun 12
Silver Price Forecast: XAG/USD slips to near $67.00 as Middle East tensions flare
Silver price (XAG/USD) depreciates after registering over 6% gains in the previous day, trading around $67.00 per troy ounce during the Asian hours on Friday. The white metal faces downward pressure following fresh military friction in the Middle East, which tempered recent diplomatic optimism.
Silver
Fxstreet
Fri, Jun 12
New Zealand Dollar slides closer to 0.5800 as Iran risks lift USD and counter hawkish RBNZ
The NZD/USD pair meets with a fresh supply during the Asian session on Friday and erodes a part of the previous day's solid recovery gains from over a two-month low.
NZD/USD
Fxstreet
Fri, Jun 12
Canadian Dollar weakens despite easing risk aversion
USD/CAD extends its gains for the second successive day, trading around 1.3980 during the Asian hours on Friday. However, the upside for the USD/CAD pair may face notable resistance as a sudden easing of geopolitical risk could sideline the US Dollar (USD).
USD/CAD
Fxstreet
Fri, Jun 12
PBOC sets USD/CNY reference rate at 6.8109 vs. 6.8150 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8109 compared to the previous day's fix of 6.8150 and 6.7640 Reuters estimate.
USD/CNH
Fxstreet
Fri, Jun 12
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