WTI wobbles around $62.20 with US NFP on the horizon
WTI wobbles around $62.20 with US NFP on the horizon
West Texas Intermediate (WTI), futures on NYMEX, trades sideways around $62.20 during European trading hours on Friday. The Oil price consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.
Oil
WTI
UnitedStates
China
NFP
EUR/USD loses ground as the Dollar picks up with the NFP in sight
EUR/USD loses ground as the Dollar picks up with the NFP in sight
EUR/USD is drifting lower on Friday, trading at 1.1420 area at the moment of writing, down from the six-week highs, near 1.1500, hit on the previous day.
EURUSD
ECB
Currencies
Fundamental Analysis
ECB's Stournaras: The rate cutting is nearly done
ECB's Stournaras: The rate cutting is nearly done
European Central Bank (ECB) policymaker Yannis Stournaras said on Friday, “the rate cutting is nearly done.”
ECB
CentralBanks
InterestRate
EURUSD
AUD/JPY Price Forecast: Tests nine-day EMA near psychological 93.00 support
AUD/JPY Price Forecast: Tests nine-day EMA near psychological 93.00 support
AUD/JPY extends its gains for the second successive session, trading around 93.60 during early European hours on Friday. A technical analysis of the daily chart shows that the currency cross remains within an ascending channel pattern, confirming a sustained bullish bias.
AUDJPY
Technical Analysis
Crosses
USD/CAD Price Forecast: Seems vulnerable below 1.3700; US/Canadian jobs data awaited
USD/CAD Price Forecast: Seems vulnerable below 1.3700; US/Canadian jobs data awaited
The USD/CAD pair extends its sideways consolidative price move for the second straight day on Friday and trades around the 1.3665 region during the early European session. Spot prices remain close to the year-to-date low touched on Thursday and seem vulnerable to sliding further.
USDCAD
NFP
Employment
Technical Analysis
Currencies
Forex Today: Markets await NFP, try to look away from Trump-Musk drama
Forex Today: Markets await NFP, try to look away from Trump-Musk drama
Here is what you need to know on Friday, June 6:
Currencies
Majors
Macroeconomics
Commodities
NFP
ECB’s Šimkus: Interest rates are now at neutral
ECB’s Šimkus: Interest rates are now at neutral
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Friday that “we have won battle against inflation in Europe.”
CentralBanks
InterestRate
ECB
EURUSD
EUR/GBP holds gains near 0.8450, upside appears as ECB signals an end to easing cycle
EUR/GBP holds gains near 0.8450, upside appears as ECB signals an end to easing cycle
EUR/GBP extends its gains for the third consecutive day, trading around 0.8430 during the Asian hours on Friday. The currency cross remained stable after the European Central Bank (ECB) delivered a widely expected 25 basis point rate cut on Thursday, and reduced interest rates to 2.0% from 2.25%.
EURGBP
Crosses
Macroeconomics
UnitedKingdom
Eurozone
EUR/JPY Price Forecast: Climbs above mid-164.00s, bulls retain control near multi-week top
EUR/JPY Price Forecast: Climbs above mid-164.00s, bulls retain control near multi-week top
The EUR/JPY cross attracts some follow-through buying for the second straight day on Friday and trades near the mid-164.00s heading into the European session. Spot prices remain close to over a three-week high touched on Thursday and remain well supported by a broadly weaker Japanese Yen (JPY).
EURJPY
BOJ
Technical Analysis
Crosses
Currencies
ECB's Kazaks: It may well be the case that we pause in July
ECB's Kazaks: It may well be the case that we pause in July
European Central Bank (ECB) policymaker Martins Kazaks said on Friday, “it may well be the case that we pause in July.”
ECB
CentralBanks
InterestRate
EURUSD
German Industrial Production declines 1.4% MoM in April vs. -1% expected
German Industrial Production declines 1.4% MoM in April vs. -1% expected
Germany’s industrial sector activity fell more than expected in April, according to the latest data published by Destatis on Friday.
Germany
IndustrialProduction
EconomicIndicator
EURUSD
Crude oil price today: WTI price bearish at European opening
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $62.43 per barrel, down from Thursday’s close at $62.65.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $64.83 after its previous daily close at $65.05.
WTI
Oil
Commodities
UK May Halifax house prices -0.4% vs -0.1% m/m expected
UK May Halifax house prices -0.4% vs -0.1% m/m expected
Latest data released by Halifax - 6 June 2025
ECB’s Villeroy: We have won battle against inflation in Europe
ECB’s Villeroy: We have won battle against inflation in Europe
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that “we have won battle against inflation in Europe.”
ECB
CentralBanks
EURUSD
InterestRate
Inflation
EUR/USD wobbles around 1.1440 ahead of US NFP data
EUR/USD wobbles around 1.1440 ahead of US NFP data
The EUR/USD pair trades in a limited range around 1.1440 during Asian trading hours on Friday. The major currency pair consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.
EURUSD
ECB
NFP
DollarIndex
China
FX option expiries for Jun 6 NY cut
FX option expiries for Jun 6 NY cut
FX option expiries for Jun 6 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Options
Currencies
USD/CHF Price Forecast: Hovers above 0.8200 near nine-day EMA barrier
USD/CHF Price Forecast: Hovers above 0.8200 near nine-day EMA barrier
The USD/CHF pair extends its gains for the second successive session, trading around 0.8200 during the Asian hours on Friday. However, the bearish bias is prevailing as the pair moves downwards within the descending channel pattern.
USDCHF
Technical Analysis
Majors
ECB’s Muller: Agree with Lagarde that cycle almost finished
ECB’s Muller: Agree with Lagarde that cycle almost finished
European Central Bank (ECB) policymaker Madis Muller said on Friday that he “agrees with President Christine Lagarde that the cycle is almost finished.”
ECB
CentralBanks
EURUSD
InterestRate
USD/INR turns upside down after RBI reduces Repo Rate by 50 bps, CRR by 100 bps
USD/INR turns upside down after RBI reduces Repo Rate by 50 bps, CRR by 100 bps
The Indian Rupee (INR) flips against the US Dollar (USD) to near 85.60 during European trading hours on Friday after the Reserve Bank of India's (RBI) monetary policy announcement.
USDINR
Fed
India
DollarIndex
SEO
Japan April leading economic index 103.4 vs 104.1 expected
Japan April leading economic index 103.4 vs 104.1 expected
Latest data released by the Japan Cabinet Office - 6 June 2025
Breaking: US Nonfarm Payrolls rise by 139,000 in May vs. 130,000 forecast
Breaking: US Nonfarm Payrolls rise by 139,000 in May vs. 130,000 forecast
Nonfarm Payrolls (NFP) in the United States (US) rose by 139,000 in May, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 147,000 increase (revised from 177,000) recorded in April and came in slightly better than the market expectation of 130,000.
Breaking
NFP
UnitedStates
SEO
EconomicIndicator
Silver Price Forecast: XAG/USD maintains position above $36.00 near multi-year highs
Silver Price Forecast: XAG/USD maintains position above $36.00 near multi-year highs
Silver price (XAG/USD) remains stronger for the second successive session, maintaining its position near the highest level since February 2012. The price of the grey metal is trading around $36.00 per troy ounce during the Asian hours on Friday.
Silver
XAGUSD
Macroeconomics
Commodities
Metals
India Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
Gold
Metals
Commodities
India
Gold price struggles to capitalize on intraday gains; remains below multi-week top ahead of US NFP
Gold price struggles to capitalize on intraday gains; remains below multi-week top ahead of US NFP
Gold price (XAU/USD) retains its positive bias through the first half of the European session on Friday, though bulls seem reluctant to place aggressive bets and opt to wait for the release of the US Nonfarm Payrolls (NFP) report.
Gold
Commodities
NFP
Fed
SEO
What are the main events for today?
What are the main events for today?
The Canadian Employment data and the US NFP report are the main highlights
market overview
Japan faces growing pressure to tweak bond issuance strategy by July
Japan faces growing pressure to tweak bond issuance strategy by July
Thursday’s 30-year auction saw the weakest demand since 2023
Bonds
JPY
GBP/USD hovers above 1.3550 ahead of US Nonfarm Payrolls
GBP/USD hovers above 1.3550 ahead of US Nonfarm Payrolls
GBP/USD maintains its position near 1.3616, the highest since February 2022, which was recorded on June 5. At the time of writing, the pair is trading around 1.3570, with little moves ahead of labor market data from the United States (US).
GBPUSD
Majors
Macroeconomics
UnitedKingdom
ForexLive Asia-Pacific FX news wrap: Musk, Trump tension eases, Japan data soft
ForexLive Asia-Pacific FX news wrap: Musk, Trump tension eases, Japan data soft
Forex news for Asian trading on Friday, June 6, 2025
Session wrap
Wrap Asia
Trump says on Musk "It’s going very well, never done better."
Trump says on Musk "It’s going very well, never done better."
“Oh it’s okay,” Trump said in a brief telephone call when asked about very public breakup with Musk – Politico
Politics
USD/CAD trades cautiously near 1.3650 ahead of US/Canada employment data
USD/CAD trades cautiously near 1.3650 ahead of US/Canada employment data
The USD/CAD pair strives to hold an almost eight-month low of 1.3635 during Friday’s Asian trading session, posted the previous day.
USDCAD
Employment
China
DollarIndex
NFP
NZD/USD remains below 0.6050 after pulling back from eight-month highs
NZD/USD remains below 0.6050 after pulling back from eight-month highs
NZD/USD is trading around 0.6030 during the Asian hours on Friday after retreating from the eight-month high of 0.6081, reached on Thursday.
NZDUSD
Majors
Macroeconomics
NewZealand
RBNZ
Canadian PM Carney and China Premier Li discussed trade and bilateral relations
Canadian PM Carney and China Premier Li discussed trade and bilateral relations
Canadian Prime Minister’s Office (PMO) published a statement on Friday, citing that Canada’s PM Mark Carney spoke with Chinese Premier Li Qiang about trade and bilateral relations.
Canada
USDCAD
China
TradeWar