Trading news

China Producer Price Index (YoY) below forecasts (-3.3%) in July: Actual (-3.6%)

China Consumer Price Index (YoY) above forecasts (-0.1%) in July: Actual (0%)

China Consumer Price Index (MoM) above expectations (0.3%) in July: Actual (0.4%)

Colombia Consumer Price Index (MoM) rose from previous 0.1% to 0.28% in July

Colombia Consumer Price Index (YoY) increased to 4.9% in July from previous 4.82%

Silver Price advances for the fourth time in the week, poised to end above $38.00 a troy ounce and close to weekly highs of $38.50 as traders prepare for the weekend.

The EUR/USD consolidates near the week's highs, shy of testing the 1.1700 figure on a week in whichthe US Dollar is poised to finish the week with over 1.84% losses against its peers.

The Australian Dollar (AUD) is consolidating gains against the US Dollar (USD) on Friday, buoyed by weakness in the Greenback amid growing expectations that the Federal Reserve (Fed) will cut interest rates in September, following soft labor market data and signs of a slowing US economy.

Australia CFTC AUD NC Net Positions dipped from previous $-78.1K to $-83.6K

Japan CFTC JPY NC Net Positions: ¥82K vs previous ¥89.2K

United Kingdom CFTC GBP NC Net Positions fell from previous £-12K to £-33.3K

United States CFTC Oil NC Net Positions: 141.8K vs previous 156K

Eurozone CFTC EUR NC Net Positions down to €116K from previous €123.4K

United States CFTC Gold NC Net Positions rose from previous $223.6K to $237.1K

United States CFTC S&P 500 NC Net Positions climbed from previous $-163.2K to $-139.6K

The Canadian Dollar (CAD) stumbled on Friday, falling against the US Dollar (USD) before broad-market Greenback sentiment overtook Loonie positioning to chip away at the USD’s late-week strength.

Argentina Industrial Output n.s.a (YoY) climbed from previous 5.8% to 9.3% in June

The Swiss Franc (CHF) remains subdued against the US Dollar (USD) on Friday, with USD/CHF hovering in a familiar range established this week, as traders weigh the latest US tariff decision targeting Swiss Gold exports and its potential fallout on Switzerland’s economy and trade relations.

Gold Price steadies in the spot markets, yet the futures reached a record high of $3,534 on reports that the United States (US) will apply tariffs on imports of Gold bars.

The Dow Jones Industrial Average (DJIA) found a bit of room on the high side on Friday, adding a little over 100 points to close out a back-and-forth week.