EUR/USD is paring back gains toward 1.0550 in the early European trading hours on Friday. The US Dollar recovers in tandem with the Treasury yields despite an upbeat risk tone. Investors await the US PPI and inflation expectations data for fresh impetus.
GBP/USD is dropping back toward 1.2200, unable to sustain at higher levels on Friday. The Cable surrenders gains as the US Dollar finds fresh demand amid a recovery in the US Treasury bond yields. US economic data are eagerly awaited.
Gold price recaptures a 200-Daily Moving Average on the road to recovery. US Dollar extends decline with Treasury bond yields ahead of top-tier United States data. Gold price targets multi-month highs above $1,800 amid a bullish daily technical setup.
Ethereum (ETH) price shows a strong comeback as it follows in Bitcoin’s footsteps. However, there seems to be another cause why ETH has a higher probability of continuing this uptrend - the Shanghai hard fork.