United States CFTC Oil NC Net Positions down to 162.4K from previous 209.4K

Australia CFTC AUD NC Net Positions down to $-74.9K from previous $-74.3K

United States CFTC S&P 500 NC Net Positions declined to $-167.8K from previous $-140K

United Kingdom CFTC GBP NC Net Positions: £29.2K vs previous £33.2K

United States CFTC Gold NC Net Positions: $213.1K vs $203K

Japan CFTC JPY NC Net Positions declined to ¥103.6K from previous ¥116.2K

Eurozone CFTC EUR NC Net Positions: €128.2K vs €120.6K

According to the Financial Times, the US President Donald Trump has escalated his demands to the European Union (EU), eyeing at least a minimum tariff of 15% to 20% in a deal with the Eurozone, revealed three people briefed on talks.

Argentina Trade Balance (MoM) increased to $906M in June from previous $608M

The Pound Sterling’s (GBP) struggle to keep pace with the Euro (EUR) this year reflects a shift in market optimism in favour of Germany and the Eurozone. Chancellor Reeves will no doubt be joining businesses in celebrating if the BoE do lower rates again in August.

Consumer confidence in the United States (US) improved in July, with the University of Michigan's (UoM) preliminary Consumer Sentiment Index rising to 61.8 from 60.7 in June. This reading came in better than the market expectation of 61.5.

United States UoM 1-year Consumer Inflation Expectations fell from previous 5% to 4.4% in July

United States Michigan Consumer Expectations Index increased to 58.6 in July from previous 58.1

United States UoM 5-year Consumer Inflation Expectation dipped from previous 4% to 3.6% in July

United States Michigan Consumer Sentiment Index came in at 61.8, above expectations (61.5) in July

Housing Starts in the United States (US) rose by 4.6% in June to a seasonally adjusted annual rate of 1,321,000, the US Census Bureau reported on Friday. This reading followed the 9.7% decline reported in May.

United States Housing Starts (MoM) came in at 1.321M, above expectations (1.3M) in June

United States Building Permits (MoM) above forecasts (1.39M) in June: Actual (1.397M)

United States Housing Starts Change rose from previous -9.8% to 4.6% in June

United States Building Permits Change up to 0.2% in June from previous -2%

In an interview with Bloomberg on Friday, Federal Reserve (Fed) Governor Christopher Waller said that the private sector is not doing as well as it seems, per Reuters.

US Dollar (USD) is likely to trade in a range of 7.1740/7.1880. In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

The Euro (EUR) is up 0.3% against the US Dollar (USD) and a mid-performer among the G10 as we head into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

The Canadian Dollar (CAD) is up modestly on the softer US Dollar (USD) on the session but is mixed against the core majors, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

TradingKey - While the Federal Reserve is widely expected to hold rates steady at its July 30 meeting, internal disagreements among policymakers over the tariff impact on inflation and the deteriorati

Oil prices firmed yesterday despite a recovery in the USD amid waning concern that President Trump may remove Federal Reserve Chairman Jerome Powell from his position. Some fairly supportive US macro data also supported the Oil.

Eurozone Current Account n.s.a down to €1B in May from previous €19.3B

Eurozone Current Account s.a registered at €32.3B, below expectations (€34.8B) in May

The US Commerce Department said on Friday that it will impose preliminary anti-dumping duties on imports of Chinese graphite, which are a key component for electric vehicle batteries, after concluding that the materials had been unfairly subsidized, per Bloomberg.

TradingKey - Japan’s core consumer price index (CPI), excluding fresh food, rose 3.3% year-over-year in June, down from 3.7% in May — signaling a moderation in inflationary pressure and offering the B