Buyers eye a break above the 100-day SMA
EUR/USD edges higher on Friday, supported by a softer US Dollar (USD) as traders scale back Federal Reserve (Fed) rate-hike bets following a disappointing US Nonfarm Payrolls (NFP) report. At the time of writing, the pair trades around 1.1562, hovering near a seven-week high. Price action, however, has been confined to a narrow range for […]
Intervention risks support KRW against US Dollar – DBS
Chang Wei Liang at DBS Group Research notes that KRW is currently the best performing Asian currency, supported by strong semiconductor demand and reported FX intervention coordination between Korea, the US and Japan. Despite equity volatility in Korean chip stocks, physical memory demand and AI-related semiconductor needs are driving a terms-of-trade boom, reinforcing DBS’s preference […]
Mexican Peso hits five-month high on weak US jobs data
The Mexican Peso (MXN) capitalizes on a weaker US jobs report and soars versus the US Dollar (USD) on Friday as risk appetite improves and the Greenback gets battered on speculation that the Federal Reserve (Fed) might not raise rates in 2026. At the time of writing, the USD/MXN pair trades at 17.18 after refreshing […]
Upside risk capped by 1.2790 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD has firmed modestly, with the pair closing at 1.2835 after testing both 1.2800 and 1.2840. Short-term momentum now favors a mild upside, though strong resistance at 1.2850 is expected to cap gains. On a 1–3 week horizon, they still see downside risk, […]
Bulls need 1.3560 to unlock 1.3600
The Pound Sterling (GBP) edges higher by some 0.29% against the US Dollar (USD) on Friday, yet it remains trading sideways, unable to decisively crack 1.3500 after reaching a three-week peak of 1.3509, and has retreated to the 1.3490 area. GBP/USD Price Forecast: Technical outlook The technical picture shows that GBP/USD is consolidating, yet it […]
EUR/JPY recovers from session low but remains down on Friday
EUR/JPY trades on the back foot on Friday, easing away even as the Euro (EUR) posts solid gains against the US Dollar (USD). The Japanese currency surged suddenly near the start of the American session after a surprisingly weak United States (US) employment report. But the cross recovered much of those losses fairly quickly. Japan […]
XAG/USD clears 50-day SMA, eyes $65
Silver price surges nearly 3% as it clears the 50-day Simple Moving Average (SMA) at $62.13, and reclaims the $63.00 figure as it struggles to surpass key resistance seen at $63.28, the July 6 high. XAG/USD Price Forecast: Technical outlook Silver trades sideways, but bulls are gaining traction, as indicated by the Relative Strength Index […]
Supportive domestic backdrop, capped gains – Commerzbank
Commerzbank’s FX analysts, including Charlie Lay and Moses Lim, note that USD/IDR slipped slightly but stayed below the key 18,000 level as softer global Oil prices and stronger Indonesia Q2 GDP supported the Rupiah. They highlight that clearer Bank Indonesia leadership and confidence in BI’s independence should aid IDR over the coming weeks, though several […]
US Treasury yields drop on soft NFP, Hormuz hopes ease Fed risks
US Treasury yields drop across the curve on Friday amid growing speculation that the Iran-Oman deal is about to be sealed, which has so far pushed energy prices lower, while investors also digest a weak Nonfarm Payrolls report in the US. Yields slide across the curve as Oil declines, payrolls disappoint and traders price out […]
US inflation takes center stage next week
The US Dollar Index (DXY) fell below the 100.00 region after sinking through Friday’s session. July Nonfarm Payrolls (NFP) showed the US economy shedding 23K jobs against forecasts of an 80K gain, with June revised down to 20K, and Average Hourly Earnings slowing to 3.2% on the year. Markets that had spent late July pricing […]
