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EUR/USD holds gains near 1.0950 ahead of US PPI data
EUR/USD is back on the bids, hovering around 1.0950 in the European session on Friday. Despite, a broad-based US Dollar retreat, the pair seems to lack further bullish impetus, as risk sentiment remains sour ahead of US producer inflation data and Fedspeak.
GBP/USD rises toward 1.3100 after UK data
GBP/USD has gained upside traction toward 1.3100 during Friday's European trading, in a delayed reaction to the UK GDP and the industrial growth in August. Traders now look to the US PPI data for short-term impetus, as the US Dollar consolidates weekly gains.
Gold price remains below $2,650 amid modest USD uptick, look to US PPI for fresh impetus
Gold price attracts some follow-through buying for the second straight day on Friday and recovers further from a nearly three-week low, around the $2,602 area touched the previous day.
Bitcoin finds support around $60,000
Bitcoin is finding support around the key level, and a close below this level could signal a decline. Ethereum is approaching a critical resistance barrier; rejection from this level suggests a decline ahead. Meanwhile, Ripple is stuck in a range, reflecting a period of indecision among traders.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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