Trading news

EUR/USD finished the week with losses of over 0.70% and ended Friday’s session down 0.10% trading below the 1.1700 figure, cementing the case for a pullback to test key support levels as the Greenback posts its best week in four months. At the time of writing, the pair trades at 1.1688.

Copper futures are trading near $5.50 per pound on Friday, slipping from Tuesday’s high of $5.70 on the daily timeframe.

The USD/CHF consolidates during the North American session, is flat below the 0.8000 figure, poised to finish the week with 0.36% gains. A risk-off mood bolstered the Greenback, which so far has recovered some ground during the current week.

Bill Pulte, the Trump-selected Director of the Federal Housing Finance Agency and former chairman of Fannie May and Freddie Mac, nodded to entirely-uncomfirmed reports that Federal Reserve (Fed) Chair Jerome Powell may be considering resigning from his post as the head of the Fed.

In an interview with the Wall Street Journal, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned that ongoing trade policy at the hands of Trump's constant tariff threats could hamper the ability of the Fed to deliver interest rate cuts that both the broader market and Donald Tru

The Canadian Dollar (CAD) tested lower ground against the US Dollar (USD) on Friday, shedding weight despite Canadian labor data figures outperforming median market forecasts by a sizeable margin, kicking back economic downturn concerns and forcing rate watchers to trim their bets of another Bank of

United Kingdom CFTC GBP NC Net Positions increased to £33.2K from previous £31.4K

United States CFTC S&P 500 NC Net Positions: $-140K vs previous $-86.8K

Japan CFTC JPY NC Net Positions down to ¥116.2K from previous ¥127.3K

United States CFTC Oil NC Net Positions fell from previous 234.7K to 209.4K

Eurozone CFTC EUR NC Net Positions increased to €120.6K from previous €107.5K

United States CFTC Gold NC Net Positions: $203K vs $202K

Australia CFTC AUD NC Net Positions down to $-74.3K from previous $-70.1K

The battle between the Australian Dollar (AUD) and the US Dollar (USD) persists on Friday, with bulls in the AUD/USD pair continuing to push for a break through the next major resistance level at 0.6600.

Gold price rallies nearly 1% on Friday as the market mood shifts sour on controversial trade policies imposed by US President Donald Trump on Canada and threatening to broaden duties to other countries and Copper.

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The Euro (EUR) remains under pressure against the Swiss Franc (CHF) on Thursday, trading near the lower boundary of its multi-week consolidation range between 0.9300 and 0.9430.

United States Monthly Budget Statement registered at $27B above expectations ($-11B) in June

West Texas Intermediate (WTI) Crude Oil prices are holding firm above $67.00 on Friday as traders digest a shift in the fundamental landscape.

The British Pound (GBP) trades modestly stronger against the Japanese Yen (JPY) on Friday, as the Yen remains broadly pressured amid a fresh wave of trade-related uncertainty.