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EUR/USD seems vulnerable around 1.0460 area amid divergent ECB-Fed expectations

EUR/USD seems vulnerable around 1.0460 area amid divergent ECB-Fed expectations

The EUR/USD pair remains depressed during the Asian session on Friday and touches a near three-week low, around the 1.0455 area in the last hour. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices is to the downside and supports prospects for an extension of the recent downtrend.

EUR/USD News
GBP/USD drops below 1.2650 after weak UK data

GBP/USD drops below 1.2650 after weak UK data

GBP/USD stays under bearish pressure and trades below 1.2650 on in the European session on Friday. The data from the UK showed that the Gross Domestic Product contracted by 0.1% on a monthly basis in October and weighed on Pound Sterling.

GBP/USD News


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Editors’ Picks

Gold price struggles to capitalize on modest intraday gains, remains below $2,700

Gold price struggles to capitalize on modest intraday gains, remains below $2,700

Gold price attracts some dip-buying and reverses a part of Thursday's retracement slide. Geopolitical risks, trade war fears and Fed rate cut bets continue to benefit the commodity. Expectations for a less dovish Fed and elevated US bond yields might cap the precious metal.

Gold News
Bitcoin and Ripple stalls while Ethereum eyes rally

Bitcoin and Ripple stalls while Ethereum eyes rally

Bitcoin faces resistance near $101,100, hinting at a potential downturn. At the same time, Ethereum eyes a rally if it can firmly close above $4,000, and Ripple holds support at $1.96, with a breakdown signaling a possible decline.

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Pro-crypto French Hill selected as Chairman of the House Financial Services Committee

Pro-crypto French Hill selected as Chairman of the House Financial Services Committee

Republicans selected French Hill as the new Chairman of the House Financial Services Committee. Hill is a crypto supporter and spearheaded the FIT21 bill for crypto regulations. French Hill will be replacing Chair Patrick McHenry, who is retiring from office.

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