Trading news

The Dow Jones Industrial Average (DJIA) gained ground on Friday, driven by a combination of investor expectations that the US will figure out how to secure trade deals that circumvent its own ringfence of threatened tariffs, and rising expectations of more rate cuts from the Federal Reserve (Fed) by

NZD/USD struggles to extend its recent advance on Friday, hovering near 0.6045 after an intraday high of 0.6079. The pair remains trapped inside a rising wedge formation, typically a bearish signal, as the broadly weak US Dollar steadies.

West Texas Intermediate (WTI) Crude Oil has fallen sharply since reaching a high of $76.44 on Monday, with prices declining more than $10.00 per barrel this week.

Gold price tumbled over 1.50% on Friday amid an improvement in risk appetite, driven by several factors.

United States Baker Hughes US Oil Rig Count declined to 432 from previous 438

The Euro (EUR) climbs for an eighth consecutive day against the US Dollar (USD) on Friday, as the Greenback remains under pressure amid a combination of political and economic headwinds.

According to the International Copper Study Group, the Copper market slipped from a supply surplus to a supply deficit of 50 thousand tons in April, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

The Japanese Yen (JPY) is weakening against the US Dollar (USD) on Friday as markets weighed fresh inflation figures and a shift in risk appetite.

The GBP/USD retreats by over 0.10% after hitting a near four-year high of 1.3770 on Thursday, dipping to 1.3700 as the US Dollar recovers some ground following the release of the US Core Personal Consumption Expenditures (PCE) Price Index for May.

The Euro (EUR) strengthens against the Japanese Yen (JPY) on Friday, with the EUR/JPY pair climbing toward levels not seen since July 2024.

United States UoM 1-year Consumer Inflation Expectations came in at 5%, below expectations (5.1%) in June

United States Michigan Consumer Expectations Index below forecasts (58.4) in June: Actual (58.1)

United States UoM 5-year Consumer Inflation Expectation came in at 4%, below expectations (4.1%) in June

United States Michigan Consumer Sentiment Index above forecasts (60.5) in June: Actual (60.7)

The US Dollar Index (DXY) is nearing 97.00 support as investors digest the latest batch of inflation data released out of the United States.

The New Zealand Dollar (NZD) extends its winning streak against the US Dollar (USD) for the fifth straight session on Friday, buoyed by broad-based Greenback weakness.

United States Personal Consumption Expenditures - Price Index (MoM) in line with forecasts (0.1%) in May

United States Core Personal Consumption Expenditures - Price Index (YoY) above expectations (2.6%) in May: Actual (2.7%)

Canada Gross Domestic Product (MoM) registered at -0.1%, below expectations (0%) in April

United States Core Personal Consumption Expenditures - Price Index (MoM) came in at 0.2%, above forecasts (0.1%) in May