Scotiabank analysts warn the US Dollar Index risks a bearish weekly close despite short-term risk aversion support. The US Dollar (USD) strengthened broadly as risk aversion dominated markets, with equities lower and oil prices higher. The US Dollar Index (DXY) has stalled
Safe-haven demand for the Swiss Franc outweighs stronger US consumer sentiment data, pressuring the currency pair. USD/CHF fell 0.22% to around 0.8070 on Friday as geopolitical tensions in the Middle East boosted demand for the Swiss Franc. The decline reflects investors f
USD/CHF falls 0.22% to 0.8070 as safe-haven demand for CHF outweighs upbeat US consumer confidence figures. USD/CHF slipped 0.22% to 0.8070 on Friday, extending losses as geopolitical tensions boosted demand for the Swiss Franc despite stronger-than-expected US consumer se
Global FX: Divergent central bank paths and Oil – Wells Fargo Wells Fargo Economics has raised its global Gross Domestic Product (GDP) forecast to 2.7% for 2026 and trimmed global Consumer Price Index (CPI) to 4.3%, reflecting a slightly lower Oil price
Weaker US inflation data briefly lifted gold prices, but hawkish Fed expectations and Middle East tensions cap near-term gains. Gold prices fell back below USD 4,000 per troy ounce after a brief rally fueled by softer US inflation data. June’s consumer and producer price r
EUR/GBP Price Forecast: RSI flirts with oversold as bears defend key resistance EUR/GBP edges higher on Friday, extending gains for a second consecutive day as traders cover short positions following the midweek sell-off. At the time of writing, the cross trades around 0.8
The currency pair recovers slightly from midweek lows but remains below key moving averages, signaling persistent bearish pressure. EUR/GBP rose to 0.8501 on Friday, marking a second day of gains as traders covered short positions after a sharp sell-off earlier in the week
Canadian Dollar: Bullish bias with 1.3981 in focus against US Dollar – Scotiabank Scotiabank’s Shaun Osborne and Eric Theoret highlight the Canadian Dollar (CAD) as a modest outperformer, with firmer Oil offsetting weak equities and narrowing front-end spreads driving gains.
Scotiabank analysts cite narrowing front-end spreads and CAD short-covering as key drivers for the pair’s drop toward 1.3981. The Canadian Dollar (CAD) strengthened against the USD, pushing USD/CAD toward 1.3981 as technical support. Firmer oil prices and narrowing front-e
Preliminary data shows US consumer confidence climbed to 54.4, exceeding expectations and reflecting improved economic outlook. US consumer sentiment rebounded in early July, with the University of Michigan’s Consumer Sentiment Index rising to 54.4 from 49.5 in June. The i
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