USD/JPY extends its winning streak for the fourth successive session, trading around 159.40 during the early European hours on Friday.
USD/JPY extends its winning streak for the fourth successive session, trading around 159.40 during the early European hours on Friday.
Standard Chartered economists Dan Pan and Steve Englander now expect the Bank of Canada to delay its next rate cut to Q3 2026, while keeping the end‑2026 policy rate forecast at 2%.
BNY’s Bob Savage argues Oil markets will be driven by tanker availability, refining capacity and conflict duration, with crude above $80/bbl central to inflation and demand destruction risks.
Rabobank’s Senior Macro Strategist Bas van Geffen previews the upcoming ECB meeting, stressing that the war in Iran and higher energy prices create a new stagflation shock for the Eurozone.
DBS Group Research strategist Chang Wei Liang highlights that USD/JPY is edging towards the key 160 level that has previously triggered intervention, yet Japanese officials have been notably quiet.
The UK Gross Domestic Product (GDP) arrived at 0% MoM in January, following a 0.1% increase reported in December, the latest data published by the Office for National Statistics (ONS) showed on Friday.
Silver price (XAG/USD) declines to around $83.60 during the early European trading hours on Friday, pressured by a stronger US Dollar (USD). Traders will closely monitor the situation in the Middle East.
Gold (XAU/USD) gains some positive traction during the Asian session on Friday and recovers a part of its losses recorded over the past two days.
The USD/CHF pair prolongs its uptrend for the fourth straight day and climbs to the 0.7870 region, back closer to the monthly peak during the Asian session on Friday.
USD/INR depreciates on Friday after reaching an all-time high of 92.90 in the previous session.