Major European indices close lower for the day as a geopolitical risks weigh on sentiment
Major European indices close lower for the day as a geopolitical risks weigh on sentiment
Most indices close lower for the week. The exception is UK's FTSE 100, which rose a modest 0.14%
Stocks
New York Times: Israel has resumed attacks on Iran
New York Times: Israel has resumed attacks on Iran
Attacks the main underground nuclear sites
Trump: Iran has sustained a devastating
Trump: Iran has sustained a devastating
President Trump reports Iran's nuclear program may have suffered a major blow, downplays risk of regional war.
Dow Jones Industrial Average falls into the red amid rising Middle East tensions
Dow Jones Industrial Average falls into the red amid rising Middle East tensions
The Dow Jones Industrial Average (DJIA) fell on Friday, shedding over 1,000 points from the previous day’s close as investors pulled back following Israel’s unexpected wave of strikes on Iran. Consumer sentiment data rebounded more than expected, helping to ease Friday’s downside momentum.
DowJones
Equities
SEO
GBP/USD plunges as Israel-Iran conflict rattles markets, boosts US Dollar
GBP/USD plunges as Israel-Iran conflict rattles markets, boosts US Dollar
GBP/USD is tumbling over 0.40% on Friday as geopolitical tensions triggered a flow towards the US Dollar (USD) haven status after Israel launched an attack on Iran, which escalated the Middle East conflict. The pair traded near 1.3550s after hitting a three-year peak of 1.3632.
GBPUSD
Fundamental Analysis
Technical Analysis
Majors
Currencies
University of Michigan consumer sentiment preliminary for June 60.5 vs 53.5 estimate
University of Michigan consumer sentiment preliminary for June 60.5 vs 53.5 estimate
The Preliminary consumer sentiment survey results for June from the University of Michigan
US Dollar Index recovers on Israel-Iran hostilities
US Dollar Index recovers on Israel-Iran hostilities
The US Dollar Index (DXY) is trading higher on Friday, with markets shifting focus on Israel’s war against Iran.
DollarIndex
Currencies
Israel
Iran
In addition to headline news, the Univ. of Michigan preliminary sentiment will highlight.
In addition to headline news, the Univ. of Michigan preliminary sentiment will highlight.
Canada capacity utilization, manufacturing sales, and wholesale trade will be released at 8:30 AM
EU gas storage: half full or half empty? – Commerzbank
EU gas storage: half full or half empty? – Commerzbank
The mood on the European gas market remains nervous: the next futures contract for the reference price TTF is now trading 5% higher than Tuesday's low, Commerzbank's commodity analyst Barbara Lambrecht notes.
Gas
Banks
Energy
EUR fades a portion of this week’s gains on sentiment and softer data – Scotiabank
EUR fades a portion of this week’s gains on sentiment and softer data – Scotiabank
The Euro (EUR) is weak, down 0.6% and fully retracing Thursday’s ECB (and US PPI)-driven rally, fading back to the psychologically important 1.15 level.
EURUSD
Banks
Technical Analysis
ECB
Forecast revision also for Silver, Platinum and Palladium – Commerzbank
Forecast revision also for Silver, Platinum and Palladium – Commerzbank
In addition to Gold, we have also revised upwards our forecasts for Silver, Platinum and Palladium, Commerzbank's commodity analyst Carsten Fritsch notes.
Banks
Metals
Commodities
Platinum
Silver
Gold Price Forecast: XAU/USD resumes its uptrend with $3,440 on focus
Gold Price Forecast: XAU/USD resumes its uptrend with $3,440 on focus
Gold (XAU/USD) appreciates for the third consecutive day on Friday, and is on track for a weekly rally beyond 3%.
Gold
Commodities
XAUUSD
Technical Analysis
UpTrend
CAD soft vs. USD but performing well vs. peers – Scotiabank
CAD soft vs. USD but performing well vs. peers – Scotiabank
The Canadian Dollar (CAD) is trading marginally lower vs. the US Dollar (USD) while performing well against most of the G10 currencies, its performance insulated by the Canadian dollar’s relationship to oil prices, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Banks
Canada
BOC
Technical Analysis
Gold price benefits from moderate US price data – Commerzbank
Gold price benefits from moderate US price data – Commerzbank
The Gold price rose to $3,445 per troy ounce overnight in response to Israel's attacks on Iran, the highest level since the record high almost two months ago, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold
XAUUSD
Banks
Metals
USD strengthens on geopolitical risks as oil offers CAD support – Scotiabank
USD strengthens on geopolitical risks as oil offers CAD support – Scotiabank
The US Dollar (USD) is strengthening broadly on the back of geopolitical tensions as market participants respond to news of Israeli airstrikes launched against Iran, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
Technical Analysis
USDCAD
DollarIndex
USD/CNH: Likely to trade in a range between 7.1700 and 7.1950 – UOB Group
USD/CNH: Likely to trade in a range between 7.1700 and 7.1950 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1700 and 7.1950. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
ForexLive European FX news wrap: Dollar gains as Israel and Iran tensions run high
ForexLive European FX news wrap: Dollar gains as Israel and Iran tensions run high
Forex news from the European morning session on Jun 13, 2025
Session wrap
Wrap Europe
US Oil production has apparently passed its peak – Commerzbank
US Oil production has apparently passed its peak – Commerzbank
In its latest monthly report, the US Energy Information Administration (EIA) has revised its forecast for US Oil production downwards, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Banks
Energy
Brent
Trump: Iran has perhaps a second chance
Trump: Iran has perhaps a second chance
Trump post on Truth Social
Politics
USD/JPY: Further decline may not reach 142.20 today – UOB Group
USD/JPY: Further decline may not reach 142.20 today – UOB Group
Strong momentum could outweigh oversold conditions, but any further decline in US Dollar (USD) may not reach 142.20 today.
USDJPY
Technical Analysis
Banks
Gold remains in demand as a safe haven – Commerzbank
Gold remains in demand as a safe haven – Commerzbank
In response to Israel's attacks on Iran, the price of Gold also jumped, albeit without reaching a new record high, Commerzbank's commodity analysts Barbara Lambrecht and Carsten Fritsch notes.
Gold
XAUUSD
Banks
Commodities
Metals
NZD/USD: Unlikely to reach 0.5970 – UOB Group
NZD/USD: Unlikely to reach 0.5970 – UOB Group
New Zealand Dollar (NZD) could weaken further against US Dollar (USD), but it is unlikely to reach 0.5970; note that there is another support level at 0.5995.
NZDUSD
Technical Analysis
Banks
Gold: Uptrend resumes toward $3500 – Société Générale
Gold: Uptrend resumes toward $3500 – Société Générale
Gold resumes its upward trajectory after holding key support levels, now challenging recent highs with upside targets in sight, Société Générale's FX analysts note.
Gold
XAUUSD
Banks
Metals
Technical Analysis
UpTrend
AUD/USD: Major support at 0.6430 is unlikely to come under threat – UOB Group
AUD/USD: Major support at 0.6430 is unlikely to come under threat – UOB Group
There is scope for Australian Dollar (AUD) to decline to 0.6460 against US Dollar (USD); the major support at 0.6430 is unlikely to come under threat.
AUDUSD
Technical Analysis
Banks
Brent confirms double bottom – Société Générale
Brent confirms double bottom – Société Générale
Brent crude is showing bullish continuation signals after confirming a double bottom and breaking above its consolidation range, with momentum indicators pointing toward further upside, Société Générale's FX analysts note.
Banks
Brent
Oil
Technical Analysis
GBP/USD: A move to 1.3700 can be expected above 1.3640 – UOB Group
GBP/USD: A move to 1.3700 can be expected above 1.3640 – UOB Group
Pound Sterling (GBP) is likely to trade in a range of 1.3540/1.3640. In the longer run, GBP must first close above 1.3640 before a move to 1.3700 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Banks
Technical Analysis
GBP: A rough week gets rougher – ING
GBP: A rough week gets rougher – ING
The week has been a rather negative one for the pound’s domestic drivers, ING's FX analyst Francesco Pesole notes.
Banks
GBPUSD
Technical Analysis
AUD/JPY Price Forecast: Recovers early losses sharply
AUD/JPY Price Forecast: Recovers early losses sharply
The AUD/JPY pair claws back a majority of early losses and rebounds from the intraday low of 92.32 during European trading hours on Friday. Still, the pair is down 0.5% to near 93.30.
AUDJPY
BOJ
MiddleEast
SupportResistance
RiskAversion
GBP/USD: Rally stalled – OCBC
GBP/USD: Rally stalled – OCBC
Pound Sterling (GBP) had a choppy session overnight. Pair was last at 1.3533 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
GBPUSD
Banks
Technical Analysis
USD: Geopolitical risk opens room for brief dollar rebound – ING
USD: Geopolitical risk opens room for brief dollar rebound – ING
The dollar is stronger across the board this morning after Israel attacked Iran's nuclear facilities. The main transmission channel from this specific geopolitical risk and FX is the price of oil, which has rallied around 8% since the Israeli strike.
DollarIndex
Banks
Technical Analysis
Fed