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GBP/USD flirts with weekly low below 1.2950 after UK Retail Sales
GBP/USD is testing weekly lows below 1.2950 in the early European session on Friday. The pair stays on the back foot after disappointing UK Retail Sales data amid the extended US Dollar recovery. The focus now shifts to the Fedspeak.
EUR/USD holds losses near 1.0900 amid sustained US Dollar recovery
EUR/USD remains in the red near 1.0900 in European trading on Friday. The sustained US Dollar rebound amid risk-aversion and firmer US Treasury bond yields weighs on the pair. ECB policy decision fails to lift the Euro. Fedpseak remains on tap later in the day.
Gold buyers stay hopeful whilst above $2,400
Gold price is on a three-day corrective decline from record highs of $2,484 on Friday, paring back weekly gains amid a solid rebound staged by the US Dollar alongside the US Treasury bond yields.
Bitcoin faces resistance around the $65,000 mark
Bitcoin and Ethereum prices encountered rejections upon reaching resistance levels near $65,000 and $3,530, respectively. Meanwhile, Ripple price might undergo a pullback towards the 61.8% Fibonacci retracement level at $0.480.
Stock selloff begins to broaden out
The ECB provided little cheer for European investors this afternoon, and the sell-off in tech stocks appears to have further to go. The pockets of strength in the Dow and small caps are being eroded as the risk-off move gathers pace once again.