Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
France Producer Prices (MoM): -0.6% (June) vs previous -0.3%
France Producer Prices (MoM): -0.6% (June) vs previous -0.3%
Swiss Franc holds losses following weaker Real Retail Sales
USD/CHF gains ground after two days of losses, trading around 0.8070 during the Asian hours on Friday.
Switzerland Real Retail Sales (YoY) came in at 1.5%, below expectations (3.2%) in June
Switzerland Real Retail Sales (YoY) came in at 1.5%, below expectations (3.2%) in June
Japanese Yen: Intervention and cautious BoJ stance – Commerzbank
Commerzbank’s Volkmar Baur reports that Japan’s Ministry of Finance intervened in FX markets, with apparent US Treasury support, to address a weak Japanese Yen as Tokyo inflation stabilises around 2% with upside risks.
EUR/GBP Price Forecast: Euro is testing trendline support at 0.8555
The Euro (EUR) is trading practically flat against the British Pound (GBP) on Friday, as bears kept testing the base of the ascending trendline from mid-July highs, around 0.8555, following Thursday’s reversal from 0.8585 highs.
United Kingdom Nationwide Housing Prices n.s.a (YoY): 1.8% (July) vs previous 2.2%
United Kingdom Nationwide Housing Prices n.s.a (YoY): 1.8% (July) vs previous 2.2%
United Kingdom Nationwide Housing Prices s.a (MoM) up to 0.1% in July from previous 0%
United Kingdom Nationwide Housing Prices s.a (MoM) up to 0.1% in July from previous 0%
Norway Credit Indicator declined to 4.4% in June from previous 4.5%
Norway Credit Indicator declined to 4.4% in June from previous 4.5%
Norway Registered Unemployment n.s.a meets forecasts (2.1%) in July
Norway Registered Unemployment n.s.a meets forecasts (2.1%) in July
GBP/USD Price Forecast: Weakens below 1.3450 while technical uptrend stays intact
The GBP/USD pair trades in negative territory around 1.3445 during the early European trading hours on Friday. Heightened Middle East tensions and rising global oil prices provide some support to a safe-haven currency such as the US Dollar (USD) against the British Pound (GBP).
Asian stocks surge, led by KOSPI on AI optimism, Wall Street gains
Asian stock markets move higher on Friday, tracking overnight gains on Wall Street as a global rally in semiconductor stocks and renewed AI optimism lifted sentiment. Strong earnings from Microsoft and Amazon reinforced expectations for continued hyperscaler investment and resilient AI demand.
Japan Annualized Housing Starts: 0.786M (June) vs 0.757M
Japan Annualized Housing Starts: 0.786M (June) vs 0.757M
Canadian Dollar retreats on sliding oil prices as USD recovers on Fed bets, Mideast risks
The USD/CAD pair edges higher during the Asian session on Friday and, for now, seems to have snapped a three-day losing streak to the lowest level since June 17, touched the previous day.