Breakout of the mini Pitchfork upside channel on volume and potential for the further drop...
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EUR/USD edges higher toward 1.0500 after EU data
EUR/USD picks up fresh bids and heads closer to 1.0500 in the European session on Friday. The pair shrugs off a broadly strong US Dollar amid upbeat Eurozone Industrial Production data. The upside, however, appears capped due to dovergent Fed-ECB policy expectations.
GBP/USD remains pressured below 1.2650 after weak UK data
GBP/USD stays under bearish pressure and trades below 1.2650 in the European session on Friday. The data from the UK showed that the Gross Domestic Product contracted by 0.1% on a monthly basis in October, weighing on the Pound Sterling.
Gold price surrenders major part of intraday gains; downside potential seems limited
Gold price (XAU/USD) surrenders a major part of its intraday gains and retreats to the lower end of the daily range during the first half of the European session on Friday.
Bitcoin and Ripple stalls while Ethereum eyes rally
Bitcoin faces resistance near $101,100, hinting at a potential downturn. At the same time, Ethereum eyes a rally if it can firmly close above $4,000, and Ripple holds support at $1.96, with a breakdown signaling a possible decline.
Can markets keep conquering record highs?
Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.
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