• A risk off session in Asia saw gold and JPY strengthen and weigh on USD.
  • Trump placed sanctions on Iranian supreme leader and top officials. Iran says the sanctions mean the diplomatic path has closed forever.
  • Ahead of the G20, a senior official claims Trump said Trump is “comfortable with any outcome” from talks with Chinese President Xi Jinping.
  • Gold burst to a 6-year high with little in the way of resistance coming from the 2013 high. USD/JPY fell to its lowest level since January’s flash crash. Asian equities broadly lower, led by Hang Seng 1400 and China’s CSI300. US futures all point lower.
  • NZD and JPY are the strongest majors, CAD, AUD and USD are the weakest.

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Editors’ Picks

EUR/USD: 50-day SMA restricts immediate recovery

EUR/USD buyers look for confirmation, despite recent bounce, as prices still trade below the near-term key moving average, around 1.1025, during early Friday.

EUR/USD News

GBP/USD: On the bids above 100-bar SMA

GBP/USD holds on to recovery gains from 50% Fib retracement level while taking the bids to 1.2885 during the early Asian. Bullish MACD indicates pair’s another run-up to the short-term key resistance line.

GBP/USD News

USD/JPY extends the bounce above 108.50 on rising trade deal hopes

The USD/JPY pair extends its bounce from eight-day lows of 108.25 in Friday's Asian trading, with the bulls regaining control above 108.50 after White House Economic Adviser Kudlow's comments bolstered US-China trade deal hopes. 

USD/JPY News

US Dollar Index: DXY suck at monthly highs near 98.40 level

DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DMAs). This Thursday the Greenback is once again challenging the 98.40 level while trading just above the 50 DMA.

US Dollar Index News

WTI testing offers near $ 57 amid trade optimism, ahead of US data

WTI is looking to extend the overnight bounce above the 57 handle, as the bulls find some solace from the renewed US-China trade optimism after both trade teams agreed to meet over trade talks later on Friday. 

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