Can sterling hold the breakout?

 

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EUR/USD nears 1.0800 on broad US Dollar weakness

EUR/USD nears 1.0800 on broad US Dollar weakness

Optimism continues to undermine demand for the American currency ahead of the weekly close. EUR/USD hovers around weekly highs just ahead of the 1.0900 figure.

EUR/USD News

GBP/USD reconquers 1.2500 with upbeat UK GDP

GBP/USD reconquers 1.2500 with upbeat UK GDP

Following BOE-inspired slump on Thursday, the British Pound changed course and trades around 1.2530. Better-than-anticipated UK GDP and a weaker USD behind the advance.

GBP/USD News

Gold resumes advance and trades above $2,370

Gold resumes advance and trades above $2,370

XAU/USD accelerated its recovery on Friday, as investors drop the USD. Dismal US employment-related figures revived hopes for a soon-to-come rate cut from the Fed.

Gold News

XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery

XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery

XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation. 

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Week ahead – US inflation numbers to shake Fed rate cut bets

Week ahead – US inflation numbers to shake Fed rate cut bets

Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.

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