Breakout of the supply trendline based on the hourly time-frame and potetnial for the reversion to the mean on the daily time-frame.
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EUR/USD stabilizes near 1.0850 ahead of US PCE inflation data
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GBP/USD stays firm above 1.2850, US PCE data awaited
GBP/USD is holding mild gains above 1.2850 in the first half of the day on Friday, helped by a broadly weaker US Dollar amid a risk reset. Following Thursday's US GDP report, market focus shifts to Personal Consumption Expenditures Price Index data for June.
Gold clings to gains near $2,370 as markets await key US data
Gold recovers modestly and trades at around $2,370 after finding support near $2,350 on Thursday. Traders now shift their focus toward the monthly release of the US PCE Price Index after Thursday’s second-quarter GDP.
Avalanche price sets for a rally following retest of key support level
Avalanche (AVAX) price bounced off the $26.34 support level to trade at $27.95 as of Friday. Growing on-chain development activity indicates a potential bullish move in the coming days.
US core PCE annual inflation seen lower in June, reinforcing the case of a Federal Reserve's cut
The United States will release June Personal Consumption Expenditures Price Index figures on Friday. The Federal Reserve’s favourite inflation gauge will be released by the US Bureau of Economic Analysis (BEA) at 12:30 GMT.