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EUR/USD climbs to multi-week highs near 1.0500 after German and EU PMI data
EUR/USD gathers bullish momentum and rises toward 1.0500 in the European session on Friday. The upbeat PMI data from Germany and the Eurozone, which showed an expansion in the private sector's business activity in January, provide a boost to the Euro and helps the pair push higher.
GBP/USD extends daily rally toward 1.2450 on upbeat UK PMI prints
GBP/USD extends its weekly uptrend and trades at a two-week high near 1.2450 on Friday. The better-than-expected preliminary January PMI data from the UK helps Pound Sterling gather strength as market focus shifts to macroeconomic data releases from the US.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price bulls take a breather near multi-month top amid positive risk tone
Gold price (XAU/USD) enters a bullish consolidation phase during the first half of the European session and oscillates in a range above the $2,770 area, near a multi-month top touched earlier this Friday.
Dogelon Mars pumps more than 85%, whales dump 128 billion coins and realize a profit
Dogelon Mars (ELON) price continues its rally on Friday after rallying more than 18% this week. On-chain data shows that ELON whale wallets realized profits during the recent surge. The technical outlook suggests a rally continuation of the dog-theme meme coin, targeting double-digit gains ahead.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP poised for corrections
Bitcoin hovers around the $103,300 level on Friday after rising almost 2% this week. Ethereum finds support around its key level; a firm close below this would lead to a correction, while Ripple price edges slightly down on Friday after rallying 4% this week.