Colombia Retail Sales (YoY) came in at 11.4%, above expectations (8.5%) in April

United States Michigan Consumer Expectations Index rose from previous 47.9 to 58.4 in June

United States UoM 1-year Consumer Inflation Expectations fell from previous 6.6% to 5.1% in June

United States UoM 5-year Consumer Inflation Expectation fell from previous 4.2% to 4.1% in June

United States Michigan Consumer Sentiment Index registered at 60.5 above expectations (53.5) in June

Canada Wholesale Sales (MoM) below expectations (-0.9%) in April: Actual (-2.3%)

Canada Capacity Utilization above forecasts (79.8%) in 1Q: Actual (80.1%)

In addition to Gold, we have also revised upwards our forecasts for Silver, Platinum and Palladium, Commerzbank's commodity analyst Carsten Fritsch notes.

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.

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.

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.

The week has been a rather negative one for the pound’s domestic drivers, ING's FX analyst Francesco Pesole notes.

The United States (US) will see the release of the preliminary estimate of the June University of Michigan's (UoM) Consumer Sentiment Index on Friday. The report is a monthly survey conducted by the University that gathers information on consumer expectations for the economy.

US President Donald Trump took to his social media platform, Truth Social, on Friday to say that ”Iran must make a deal before there is nothing left.”

On Thursday afternoon, the US President once again criticised one of his favourite targets, the Chairman of the Federal Reserve, Jerome Powell.

The conflict in the Middle East became more explosive overnight: after the US withdrew embassy staff from Iraq, and amid reports that Israel could attack Iran, military strikes were carried out last night, Commerzbank's FX analyst Michael Pfister notes.

United Kingdom Consumer Inflation Expectations fell from previous 3.4% to 3.2%

Bloomberg reported Japan's top trade negotiator Ryosei Akazawa saying on Friday that “generally speaking, if we reach a deal it should secure special treatment for Japan, and exclude it from rules that apply to most countries,” when asked about US President Donald Trump’s comments that indicated he’

Italy Trade Balance EU: €0.162B (April) vs €-2.453B

Italy Global Trade Balance came in at €2.482B below forecasts (€2.75B) in April

Israel has launched strikes across Iran, targeting the "heart" of Iran's nuclear program.

GBP/JPY extends its losses for the second successive session, trading around 195.00 during the European hours on Friday. The currency cross depreciates as the Pound Sterling (GBP) faces challenges amid risk aversion, driven by the escalating geopolitical tensions in the Middle East.

Spain Consumer Price Index (MoM) registered at 0.1% above expectations (0%) in May

Spain Consumer Price Index (YoY) registered at 2% above expectations (1.9%) in May

Spain Harmonized Index of Consumer Prices (MoM) registered at 0% above expectations (-0.1%) in May

Spain Harmonized Index of Consumer Prices (YoY) above forecasts (1.9%) in May: Actual (2%)

A military official said on Friday that Israeli Air Force fighter jets have started to shoot down the drones launched at Israel from Iran earlier this morning, per the Time of Israel. Drones are being caught outside of Israel’s borders.

France Inflation ex-tobacco (MoM) dipped from previous 0.6% to -0.1% in May

Iran International reports on Friday that the sixth round of talks with the United States (US) will not be held following the Israeli attacks, citing senior Iranian lawmaker Aladdin Boroujerdi, a member of parliament’s National Security and Foreign Policy Commission.

The International Atomic Energy Agency (IAEA) stated on Friday that the Natanz nuclear facility was confirmed to have been hit many times and is reported to be "completely destroyed" here.