GBP/USD strengthens further beyond 1.2700, over two-week top on weaker USD
The GBP/USD pair gains some follow-through positive traction during the Asian session on Friday and touches a two-week top, around the 1.2715 region in the last hour. Spot prices have now rallied over 200 pips from the weekly trough and look to build on the recent recovery from sub-1.2500 levels, or the lowest since May 2024 touched last Friday amid subdued US Dollar (USD) demand. Read More...
GBP/USD heads into a thin Friday on a quiet note
GBP/USD saw a quiet Thursday session, trading on the thin side and holding on near the 1.2700 handle. US markets were dark on Thursday for the Thanksgiving holiday, and Friday will also see shortened US trading hours, keeping the back half of the trading week on the low end of volumes overall. Read More...
GBP/USD Price Forecast: Consolidates near weekly highs on Thanksgiving
The GBP/USD consolidates at around weekly highs, posting modest losses of 0.05% at around 1.2670 due to thin liquidity conditions as US markets remain closed for Thanksgiving. Read More...
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EUR/USD stays bid above 1.0550 ahead of Eurozone inflation data
EUR/USD is holding gains above 1.0550 in the European trading hours 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 on weaker US Dollar
GBP/USD retains some follow-through positive traction above 1.2700 in European trading on Friday, sitting close to a two-week top. Broad-based US Dollar weakness, improving risk appetite and thin market condtions continue to aid the pair's recovery.
Gold price eases off weekly highs, remains above $2,650
Gold price has eased from the weely highs but holds moderate gains above $2,650 in the European session on Friday. Gold price builds on this week's goodish rebound from the $2,600 neighborhood. US President-elect Trump's tariff plans, Russia-Ukraine geopolitical risks and dovish Fed bets power the bright metal.
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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