Trump holds off Iran strikes on pledge Hormuz deal is close
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week. US President Donald Trump said that he’s holding off delivering new strikes on Iran on the basis of “rapidly” reaching a deal on […]
Japanese Yen strengthens against British Pound amid intervention speculation
GBP/JPY extends its slide on Friday as suspected intervention by Japanese authorities rattles the FX market and lifts the Yen across the board, pushing the cross further away from the multi-year high of 219.16 touched earlier this month. At the time of writing, GBP/JPY trades around 213.75, hovering near June lows. Reuters reported, citing a […]
Range seen around mid‑1.15s against US Dollar – Scotiabank
Scotiabank’s FX team notes EUR/USD is drifting toward 1.15 after a Fed‑driven rally, with euro area CPI broadly in line with expectations and French data briefly lifting the Euro. Rate expectations are stabilizing, with about 42 bps of tightening priced by December. Their fair‑value estimate sits in the mid‑1.15s, with a near‑term 1.1450–1.1550 range. Euro […]
Intervention slows but does not reverse trend – ING
ING’s Chris Turner describes USD/JPY’s rollercoaster, with a 3% drop on reported Japanese intervention followed by a near 2% rebound. He notes that coordinated Fed-Treasury involvement was key in January but now sees the story as having moved on. Turner expects more Japanese FX intervention, yet believes it can only slow, not reverse, the underlying […]
Strong GDP lowers cut risk – TD Securities
TD Securities’ Robert Both and Emma Lawrence note that stronger-than-expected Canadian Gross Domestic Product (GDP) data support a brighter growth outlook but do not materially change their Bank of Canada (BoC) view. They highlight that Q2 GDP is tracking above BoC projections, yet still expect policy rates to remain unchanged through 2026 before a gradual […]
Swiss Franc trims losses against US Dollar amid Japanese intervention concerns
USD/CHF trims part of its earlier gains on Friday as the US Dollar (USD) struggles to regain momentum following Thursday’s sharp sell-off, which was driven by suspected intervention by Japanese authorities to curb excessive weakness in the Japanese Yen (JPY). At the time of writing, the pair trades around 0.8086 after reaching an intraday high […]
British Pound holds firm as USD rebounds from intervention rout
The Pound Sterling retreats some 0.02% on Friday as the Greenback stages a recovery following Thursday’s intervention day, which weakened the US Dollar Index (DXY) to a 30-day low. At the time of writing, the GBP/USD trades at 1.3458, virtually unchanged. GBP/USD steadies as improved US sentiment The US Dollar is headed for one of […]
Australian Dollar holds despite weak Chinese PMIs
AUD/USD trades around the 0.7020 area during Friday’s American session. The pair remains under mild pressure as disappointing Chinese business activity data offsets stronger Australian inflation expectations, while renewed hawkish comments from Federal Reserve (Fed) officials provide fresh support for the US Dollar. China’s National Bureau of Statistics reported that the Manufacturing PMI fell to […]
WTI Oil rises as geopolitical risks keep supply concerns alive
West Texas Intermediate (WTI) US Oil trades higher on Friday, rising 0.76% to around $83.30 after staging a sharp rebound from an intraday low below $80.00. The Crude Oil has erased some of its weekly losses and is on track to finish the week close to its opening levels after the bearish gap seen at […]
XAG/USD consolidates above $55 as downside momentum eases
Silver (XAG/USD) trades on the back foot on Friday as rising US Treasury yields outweigh support from a weaker US Dollar (USD). At the time of writing, XAG/USD trades around $57.50, down 2% on the day and on track to close July in negative territory. The US Dollar stays under pressure following suspected intervention by […]
