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Iran says Pres. Trump threat to destroy Iran's nuclear facilities is a clear red line
Iran says Pres. Trump threat to destroy Iran's nuclear facilities is a clear red line
Iran issues firm warning to US President Trump: stay clear of Iran's nuclear sites or face severe backlash
Global markets will brace for heavy economic data, central bank actions next week
Global markets will brace for heavy economic data, central bank actions next week
High-impact economic data and central bank events ahead, with US and Canada jobs reports, Bank of Canada and European Central Bank rate decisions expected next week.
EUR/GBP edges higher as German Retail Sales and Inflation data provide a mixed picture for the ECB
EUR/GBP edges higher as German Retail Sales and Inflation data provide a mixed picture for the ECB
The Euro (EUR) is firming against the British Pound (GBP) on Friday, with EUR/GBP holding above the 100-day Simple Moving Average (SMA) near 0.8415.
EURGBP
Fundamental Analysis
BOE
ECB
European indices close mostly higher. France's CAC falls
European indices close mostly higher. France's CAC falls
German Dax trades to a new all-time high in May. Spain's Ibex and Italy'sFTSE MIB reach the highest levels going back to 2007 this month
US exceptionalism wanes as global investors pivot away – Rabobank
US exceptionalism wanes as global investors pivot away – Rabobank
The concept of ‘US exceptionalism’ covers many specific themes. For academics it may have referred to the US’s ability to attract bright minds from around the world and generate cutting edge research.
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UnitedStates
US Elections
Politics
DollarIndex
OPEC+ exports set to rise – TDS
OPEC+ exports set to rise – TDS
CTAs will continue to sell crude and industrial metals (x-copper) in most scenarios for prices by this time next week. In the imminent term, CTA selling activity will continue to weigh on price action into the OPEC meeting, TDS' Senior Commodity Strategist Daniel Ghali notes.
Oil
Banks
Energy
WTI
Gold open interest hits historic lows despite bullish macro – TDS
Gold open interest hits historic lows despite bullish macro – TDS
This is one of those moments where Gold markets are offering a gift, TDS' Senior Commodity Strategist Daniel Ghali notes.
Gold
Banks
XAUUSD
Metals
Commodities
Bullish
Silver Price Forecast: XAG/USD strives to hold $33 amid renewed Sino-US trade worries
Silver Price Forecast: XAG/USD strives to hold $33 amid renewed Sino-US trade worries
Silver price (XAG/USD) is down almost 1% near the key level of $33.00 during North American trading house on Friday. However, the white metal strives to gain ground as renewed trade tensions between the United States (US) and China are limited the upside in the US Dollar (USD).
Silver
XAGUSD
Inflation
UnitedStates
China
USD/CHF Price Forecast: Gains ground near 0.8200
USD/CHF Price Forecast: Gains ground near 0.8200
The USD/CHF pair attracted bids after revisiting a near five-week low around 0.8185 during North American trading hours on Friday.
USDCHF
Inflation
DollarIndex
SupportResistance
UnitedStates
Mexican Peso erases gains against US Dollar on improved US consumer sentiment
Mexican Peso erases gains against US Dollar on improved US consumer sentiment
The Mexican Peso (MXN) is showing renewed signs of weakness against the US Dollar after Michigan Expectations and Sentiment provided relief for the Greenback.
USDMXN
Fundamental Analysis
Technical Analysis
Banxico
SEO
US indices are trading lower to start the day. Prices are higher for the week.
US indices are trading lower to start the day. Prices are higher for the week.
Gains for the week between 1% and 2%. NASDAQ is on pace for its best month since November 2023
WSJ Timiraos: This month is good, but what will the impact of tariffs going forward
WSJ Timiraos: This month is good, but what will the impact of tariffs going forward
The tariffs and the drop-off of low numbers from a year ago will impact the YoY figures going forward.
Canada real GDP grows 2.2% in first quarter vs. 1.7% expected
Canada real GDP grows 2.2% in first quarter vs. 1.7% expected
Canada's real Gross Domestic Product (GDP) grew by 0.5% on a quarterly basis in the first quarter, Statistics Canada reported on Friday. This reading matched the 0.5% expansion recorded in the last quarter of 2024.
Canada
GDP
Macroeconomics
USDCAD
Growth
US Trade Rep. Greer: Concerned with China's non-compliance, has to be addressed
US Trade Rep. Greer: Concerned with China's non-compliance, has to be addressed
In an interview with CNBC on Friday, United States Trade Representative (USTR) Jamieson Greer said that they are concerned with China's non-compliance and added that this situation has to be addressed, per Reuters.
UnitedStates
China
Macroeconomics
Politics
US Pres. Trump: China has totally violated its agreement with US
US Pres. Trump: China has totally violated its agreement with US
In a post published on Truth Social on Friday, United States (US) President Donald Trump said that China has violated its agreement with the US.
UnitedStates
China
Macroeconomics
Politics
Germany annual CPI inflation holds steady at 2.1% as forecast
Germany annual CPI inflation holds steady at 2.1% as forecast
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), held steady at 2.1% on a yearly basis in May, Destatis' flash estimate showed on Friday. This reading came in line with the market expectation.
Germany
Inflation
CPI
EconomicIndicator
Macroeconomics
JPY outperforming as Tokyo CPI firms expectations for continued BoJ tightening – Scotiabank
JPY outperforming as Tokyo CPI firms expectations for continued BoJ tightening – Scotiabank
Japanese Yen (JPY) is strong and outperforming all of the G10 currencies, entering Friday’s NA session with a 0.3% gain against the US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDJPY
Japan
Banks
BOJ
Technical Analysis
GBP quietly consolidating recent push to multi-year high – Scotiabank
GBP quietly consolidating recent push to multi-year high – Scotiabank
Pound Sterling (GBP) is soft, trading down a modest 0.1% against the US Dollar (USD) and a mid-performer among the G10, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
Gold recovers quickly after US court ruling on Trump's tariffs – Commerzbank
Gold recovers quickly after US court ruling on Trump's tariffs – Commerzbank
The price of Gold briefly fell below the USD 3,250 per troy ounce mark on Thursday after it was announced that a US court had declared most of the tariffs imposed by US President Trump to be illegal, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Gold
XAUUSD
Banks
Commodities
Metals
CAD steady in quiet trade – Scotiabank
CAD steady in quiet trade – Scotiabank
The Canadian Dollar (CAD) is little changed on the session. Broader market sentiment is relatively neutral, with European stocks a little firmer while US equity futures are currently trading lower.
USDCAD
Banks
Canada
Technical Analysis
BOC
EU carbon surplus rises 3% on RePowerEU supply – Commerzbank
EU carbon surplus rises 3% on RePowerEU supply – Commerzbank
According to figures published on Wednesday, the number of certificates in circulation (TNAC) at the end of 2024 stood at 1.148 billion, which was actually around 3% higher than in the previous year, Commerzbank's commodity analyst Barbara Lambrecht notes.
Banks
Commodities
Energy
US gasoline demand strong ahead of summer driving season – Commerzbank
US gasoline demand strong ahead of summer driving season – Commerzbank
Yesterday's weekly US inventory report halted the slide on the oil market, Commerzbank's commodity analyst Barbara Lambrecht notes.
Oil
Banks
Energy
Gas
USD/CAD consolidates within previous ranges, with 1.3835 holding bulls
USD/CAD consolidates within previous ranges, with 1.3835 holding bulls
The US Dollar is clinging to minor gains on Friday, with price action wavering within previous day’s ranges and the 4-hour RSI flat around the 50 level, which signals a lack of clear bias.The Dollar whipsawed on Thursday before closing the day with a 0.2% decline, as a federal court paused a previou
USDCAD
Currencies
DollarIndex
EUR soft in quiet trade – Scotiabank
EUR soft in quiet trade – Scotiabank
Euro (EUR) is soft, down 0.3% against the US Dollar (USD) and underperforming most of the G10 currencies in generally quiet trade, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Banks
Technical Analysis
USD firmer but tariff, fiscal uncertainties persist – Scotiabank
USD firmer but tariff, fiscal uncertainties persist – Scotiabank
Tariffs were off Tuesday night and were back on again, at least for now, Thursday afternoon after a Federal Appeals Court allowed the president’s tariff plans to remain in place pending further rulings, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Banks
Technical Analysis
Fed