Market news
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GBP/JPY Bounces Off One-Month Low on Upbeat UK Data, but Risks Remain
GBP/JPY found support at a one-month low after upbeat UK data emerged, but the cross remains under pressure and may not be out of the woods yet.
USD/CAD Hits 14-Month Highs Above 1.4150, Bullish Bias Prevails
USD/CAD extended its rally for a seventh consecutive session, trading near 1.4140 during European hours. Technicals show the pair moving within an ascending channel, reinforcing the bullish outlook.
Deutsche Bank: Dollar strength weighs on EUR/USD
Deutsche Bank reports that the Dollar Index rose 0.65% to 100.98, pushing EUR/USD down to 1.144, as US Treasuries partially retraced recent Fed-driven losses.
Oil Rises as US Markets Shut for Holiday, Focus Turns to Europe
Oil prices moved higher as US markets close for a holiday and attention shifts to Europe. UK politics also come into focus with Burnham preparing to challenge Starmer.
Relief Rally Meets Hawkish Fed Reality as Oil Pulls Back
The market narrative shifts to the US-Iran peace deal and Strait of Hormuz reopening, with crude falling to around $80/barrel. However, a hawkish Federal Reserve is capping the relief rally.
Markets Shift to Need for Proof, Not Hope
Financial markets have entered a new phase where investors are no longer satisfied with hope but require concrete evidence to sustain gains. Last week's relief rally is now being tested for durability.
EUR/JPY Edges Lower Below 184.50 on Intervention Fears
The EUR/JPY cross declined to near 184.45 during early European trading on Friday, as the Japanese Yen strengthened amid renewed fears of currency intervention by Japanese authorities.
GBP/USD subdued near 1.3190 despite UK retail sales beat
The British pound remains under pressure against the US dollar on Friday, trading around 1.3190, even after UK retail sales data came in above expectations.
Euro Slides vs. Pound After Strong UK Retail Sales
The euro weakened against the British pound on Friday after UK retail sales data came in better than expected, pushing EUR/GBP below the 0.8665 level.
US-Iran Peace Agreement Boosts Oil, Markets Overlook Hawkish Fed
The interim peace deal between the US and Iran has spurred oil flows and lifted global markets, shifting investor focus away from the Fed's surprise hawkish stance.
Ex-Ethereum Foundation Employee Warns of Funding Crisis for Core Development
Former Ethereum Foundation staff member Trent VanEpps warned that the network may face a 'slowly growing funding crisis' for core development in coming months, citing reduced spending and the end of the Client Incentive Program. He estimated the ecosystem requires about $30 million annually.
ECB's Wunsch Signals Possible Rate Cut Once Economic Dynamics Shift
ECB policymaker Pierre Wunsch stated the central bank may cut interest rates when economic dynamics turn, hinting at a dovish shift.
Deutsche Bank: Brent Oil Recovers After Initial Dip on US-Iran Deal
Deutsche Bank reports that Brent crude initially fell on the US-Iran memorandum of understanding as war premium faded, but later reversed to close slightly higher.
Deutsche Bank: Yen Intervention Risks Rise Near 1986 Lows
Deutsche Bank's Jim Reid warns that the Japanese yen is trading near its weakest levels since 1986, increasing the likelihood of intervention by Japanese authorities.
Norges Bank, BoE, SNB Expected to Hold; Oil Drops on Strait of Hormuz Normalization
Central banks in Norway, the UK, and Switzerland are expected to keep rates unchanged, while oil prices decline as the Strait of Hormuz shows signs of normalizing traffic.
Oil Flows from Hormuz; Volatility Amid Thin Liquidity
Oil has started flowing out of the Strait of Hormuz, while volatility increases due to reduced liquidity with markets in China, Hong Kong, Taiwan, and the US closed. Central bank actions were in line, and the USTR is focusing on the EU.
EUR/USD Weakens Below 1.1450 as Safe-Haven Dollar Gains
EUR/USD slipped to around 1.1425 in early European trading Friday, pressured by safe-haven demand for the US dollar amid US-Iran peace deal uncertainty.
Pakistan LNG Cancels Spot Tender as QatarEnergy Tanker Heads to Port Qasim
Pakistan LNG has canceled its spot tender for a prompt LNG cargo scheduled to close today, while a QatarEnergy tanker, having transited the Strait of Hormuz, is heading to Port Qasim.
WTI Crude Holds Above $75.50 as Iran Risk Supports; 200-Day SMA in Focus
WTI crude oil stabilized above $75.50 in Asian trading, bouncing from a multi-month low of $72.80 as Iran uncertainty lent support. Traders now eye the 200-day simple moving average as a key technical level.
Swiss Franc Falls as US Rate-Hike Bets Rise, Vance Iran Talks Canceled
The USD/CHF pair rose to around 0.8075, its highest since December 10, 2025, as traders increased bets on US rate hikes and Vice President Vance canceled a trip for talks with Iran.
Indian Rupee Rises on FCNR-B Inflows, Dollar Selling by Exporters
The Indian Rupee extended gains for a second consecutive day against the US Dollar on Friday, supported by FCNR-B inflows and dollar selling by exporters.
GBP/USD Hits Lowest Since April as UK Political Turmoil Weighs
The British pound extended its decline against the U.S. dollar, falling below 1.3200 to a fresh low since April amid ongoing political uncertainty in the UK.
EUR/USD Could Fall to 1.1300 as Dollar Index Rises
The Dollar Index is rising with potential to reach 101-101.50, while EUR/USD may drop to 1.13 if it fails to bounce from 1.14. EURINR and EURJPY also face key technical levels.
Gold Dips Below $4,200 as Hawkish Fed, Iran Tensions Lift Dollar
Gold extended its decline for a third straight session on Friday, slipping below $4,200 and hitting a fresh weekly low, pressured by a stronger US dollar amid hawkish Federal Reserve expectations and escalating uncertainty over Iran.