A lot has changed since Monday. Markets had come under severe pressure on Monday on fear of a major slowdown in the global economy and on an escalation in geopolitical tension. Since then, the market has slowly recovered and even started to make its way back up.

 

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Editors’ Picks

EUR/USD holds position above 1.0900 after breaking its losing streak

EUR/USD holds position above 1.0900 after breaking its losing streak

EUR/USD halts its three-day losing streak, trading around 1.0920 during the Asian session on Friday. The upside of the EUR/USD pair could be attributed to the downbeat US Dollar, which could be attributed to heightened expectations of a dovish policy outlook by the US Federal Reserve.

EUR/USD News

GBP/USD climbs to multi-day peak, beyond mid-1.2700s amid modest USD downtick

GBP/USD climbs to multi-day peak, beyond mid-1.2700s amid modest USD downtick

The GBP/USD pair is seen building on the previous day's goodish rebound from the 1.2665 area, or a five-week low and gaining some follow-through positive traction for the second successive day on Thursday.

GBP/USD News

Gold buyers recapture key $2,415 resistance, where next?

Gold buyers recapture key $2,415 resistance, where next?

Gold price is consolidating at the weekly high near $2,410, gathering pace to extend the previous rebound. Gold price remains on track to settle the week in the green, staging a sold recovery from the recent correction from two-week highs.

Gold News

Bitcoin could decline following retest of key resistance level

Bitcoin could decline following retest of key resistance level

Bitcoin, Ethereum, and Ripple each saw modest recoveries with brief upward movements on Thursday. Still, these gains seem temporary, as technical analysis and market conditions indicate that the overall downward trends for these cryptocurrencies are expected to resume in the coming days.

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It's an around the globe risk-on relay race

It's an around the globe risk-on relay race

Asia certainly rode the risk-on tailwind following the S&P 500's dazzling 2.3% leap, its sharpest rise since 2022. Looking for a green light in the murk, Asian traders found a glimmer in China's latest data, where consumer prices for July ascended more than anticipated.

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