GBP/USD pares intraday losses, down little around mid-1.3700s
GBP/USD attracted some dip-buying on Friday amid a subdued USD price action. The risk-on impulse in the markets acted as a headwind for the safe-haven USD. Rallying US bond yields underpinned the USD and capped the upside for the pair. The GBP/USD pair remained on the defensive through the early North American session, albeit has managed to rebound around 30 pips from daily lows and was last seen trading around mid-1.3700s. Read more...
GBP/USD Weekly Forecast: Britain's Big Bang gamble, Fed decision critical for next moves
GBP/USD has tumbled to five-month lows as covid fears grip markets. The Fed decision, Brexit news and covid developments are set to rock cable. Late July's daily chart is showing bears gaining ground. The FX Poll is pointing to an upward move in the medium and long terms. The "Big Bang" has turned into a fall to five-month lows for GBP/USD as covid cases in Britain and around the world trigger fear. Sterling traders eye Brexit news more keenly, and broader markets are closely watching the Fed's decision in the last week of July. Read more...
GBP/USD Forecast: Cable torn between British optimism and safe-haven dollar demand, levels to watch
GBP/USD has been retreating from the highs as the dollar has regained some ground. Sterling may receive support from falling covid cases and steps to ease the pingdemic. The safe-haven dollar has room to rise if data disappoints and virus worries increase. Friday's four-hour chart is painting a mixed picture. Exactly two years have passed since Boris Johnson won the Conservative Party leadership contest and took office as Prime Minister – and nobody back then would have thought that "pingdemic" would be the most used words now. Addressing this burning issue is supporting the pound. Read more...
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EUR/USD holds above 1.0400 in quiet trading
EUR/USD trades in positive territory above 1.0400 in the American session on Friday. The absence of fundamental drivers and thin trading conditions on the holiday-shortened week make it difficult for the pair to gather directional momentum.
GBP/USD recovers above 1.2550 following earlier decline
GBP/USD regains its traction and trades above 1.2550 after declining toward 1.2500 earlier in the day. Nevertheless, the cautious market mood limits the pair's upside as trading volumes remain low following the Christmas break.
Gold declines below $2,620, erases weekly gains
Gold edges lower in the second half of the day and trades below $2,620, looking to end the week marginally lower. Although the cautious market mood helps XAU/USD hold its ground, growing expectations for a less-dovish Fed policy outlook caps the pair's upside.
Bitcoin misses Santa rally even as on-chain metrics show signs of price recovery
Bitcoin (BTC) price hovers around $97,000 on Friday, erasing most of the gains from earlier this week, as the largest cryptocurrency missed the so-called Santa Claus rally, the increase in prices prior to and immediately following Christmas Day.
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