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EUR/USD stays firm above 1.0550 ahead of Eurozone inflation data
EUR/USD is holding gains above 1.0550 in the European morning on Friday. The pair derives strength from the peristent US Dollar weakness, further fuelled by the USD/JPY sell-off. Buyers, however, remain cautious ahead of the Eurozone preliminary inflation data.
GBP/USD regains 1.2700, over two-week top on weaker US Dollar
GBP/USD gains some follow-through positive traction above 1.2700 in the early European trading on Friday, reaching a two-week top. A broad US Dollar weakness, improving risk appetite and thin market condtions continue to aid the pair's recovery.
Gold price intraday buyers dominate amid flight to safety flows, weaker USD
Gold price climbs to a fresh multi-day top heading into the European session on Friday and looks to build on this week's goodish rebound from the $2,600 neighborhood. Investors remain concerned about the effect of US President-elect Donald Trump's tariff plans on global economic growth.
Bitcoin attempts for the $100K mark
Bitcoin (BTC) price extends its recovery and nears the $100K mark on Friday after facing a healthy correction this week. Ethereum (ETH) and Ripple (XRP) closed above their key resistance levels, indicating a rally in the upcoming days.
Eurozone PMI sounds the alarm about growth once more
The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s the latter.
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