EUR/USD
The EUR/USD pair trades subduedly near 1.1777 during the Asian trading session on Friday. The major currency pair has turned sideways after a two-week-long rally to near 1.1825 as investors await the announcement of another round of talks between the United States (US) and Iran.
GBP/USD
GBP/USD gave up recent gains on Thursday, falling around 0.25% to settle close to 1.3525 after slipping back below the 1.3550 handle. Price drifted lower through the European and North American sessions in a steady grind rather than an impulsive move, with sellers leaning against intraday rallies. The pullback unwinds a portion of the rebound that followed Wednesday’s spike toward 1.3600, with candle structure showing persistent supply on bounces.
USD/JPY
The USD/JPY pair is seen building on the previous day’s goodish rebound from the 158.25 region, or over a one-week low, and gaining some follow-through positive traction on Friday. This marks the third straight day of a move up and lifts spot prices to mid-159.00s during the Asian session.
AUD/USD
AUD/USD snapped a three-day winning streak on Thursday, finishing nearly flat close to 0.7165 after failing to clear the 0.7200 handle earlier in the session. Price carved out a session high near 0.7200 before reversing in the North American afternoon, with the pair settling back into the broader consolidation zone that has defined recent price action. Candle structure points to hesitation at the 0.7200 round number, with small bodies and upper wicks signaling sellers defending the level.
NZD/USD
The NZD/USD pair trades with a mild negative bias for the second straight day and remains on the back foot below the 0.5900 mark through the Asian session on Friday. The lack of follow-through selling, however, warrants caution before positioning for an extension of the previous day’s retracement slide from the 0.5920-0.5925 region, or an over one-month high.
USD/CAD
USD/CAD trades with a negative bias on Thursday, extending losses for a fourth straight day as elevated Oil prices support the commodity-linked Canadian Dollar (CAD), even as the US Dollar (USD) strengthens against most of its peers.
USD/CHF
USD/CHF moves little after two days of gains, trading around 0.7830 during the Asian hours on Friday. The pair steadies as traders adopt caution on uncertainty over US–Iran peace deal discussions.
CRUDE OIL
Oil prices fell in early trade on Friday on optimism the Middle East conflict could be nearing an end after a 10-day ceasefire between Lebanon and Israel took effect and President Donald Trump said the U.S. and Iran may meet for talks on the weekend.
Gold (XAUUSD) is holding within a narrow range as markets await clearer direction. Ongoing uncertainty around US-Iran negotiations is keeping sentiment cautious. At the same time, firm oil prices and policy expectations are limiting upside momentum. A modest recovery in the US Dollar is also limiting demand. This mix of geopolitical uncertainty, policy pressure, and currency movement is keeping gold contained within a defined range.
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