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GBP/USD extends losses below 1.3550 after UK data
GBP/USD stretches lower below 1.3550 in European trading on Friday. The pair faces fresh headwinds from an unexpected UK economic contraction in May. Additionally, a broadly firmer US Dollar on rising trade tensions continues to weigh on GBP/USD.
EUR/USD stays weak below 1.1700, awaits Trump's tariff letter to EU
EUR/USD remains on the back foot below 1.1700 in the European session on Friday. The pair is undermined by fading EU-US trade deal hopes as US President Trump is set to send a tariff letter to the European Union later in the day. Sustained haven demand for the US Dollar also adds to EUR/USD's downside.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price climbs back closer to weekly top amid sustained safe-haven buying
Gold price attracts some follow-through buying for the third straight day on Friday and climbs to the top end of its weekly range heading into the European session. In a dramatic escalation of the trade war, US President Donald Trump this week issued notices to a slew of trading partners and raised concerns about a global trade war.
Bitcoin leads charge to $120K as Ethereum and Ripple extend bullish run
Bitcoin is extending its bullish momentum, trading above $116,000 on Friday after surging to a new all-time high of $116,868 the previous day. Ethereum and Ripple followed BTC’s footsteps, rallying above their key resistances.
Nvidia Elliott Wave outlook: Larger pullback on the horizon
Nvidia continues its remarkable ascent, consistently reaching new all-time highs and reinforcing a robust bullish outlook. The ongoing rally, which began from a significant low on April 7, 2025, remains structured as an impulsive wave pattern, indicative of strong upward momentum.