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EUR/USD rebounds to near 1.0850, awaits Fedspeak
EUR/USD is rebounding to near 1.0850 in the early European session on Friday. China's stimulus optimism and a broad US Dollar correction help the pair recover the dovish ECB decision-induced losses. All eyes remain on the Fedspeak.
GBP/USD recovers above 1.3050 after UK Retail Sales data
GBP/USD extends recovery from a two-month low to trade above 1.3050 in European trading on Friday. Stronger-than-expected UK Retail Sales data put a fresh bid under the Pound. Meanwhile, the US Dollar sees some profit-taking ahead of Fedspeak.
Gold price stands firm near record high, above $2,700 amid global monetary easing cycle
Gold price builds on its uptrend witnessed over the past week or so and climbs beyond the $2,700 mark, hitting a fresh record high during the Asian session on Friday. Major central banks have been cutting interest rates and are expected to ease monetary policy further.
Dogecoin whale activity takes a hit, will DOGE price plummet?
Dogecoin notes a drop in the count and volume of whale transactions in the last two days. On-chain data from IntoTheBlock shows that whales have likely slowed down their activity.
Retail Sales post broad advance in September
Despite worries about the financial health of the consumer and potential weakening in the labor market, U.S. retailers had a solid month in September. Control group sales rose more than twice the expected amount, pointing to stronger Q3 consumer spending.
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