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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
GBP/USD finds fresh buyers and rebounds to the 1.3200 mark in early Europe on Friday. Stronger-than-expected UK Retail Sales data provide a much-needed lift to the British Pound and the pair amid a chaotic UK political environment.
EUR/USD stays in the red below 1.1450 in the European session on Friday. The pair loses ground as the US Dollar (USD) continues to benefit from the Federal Reserve’s (Fed) hawkish policy outlook and canceled negotiations between the US and Iran in Switzerland.
Gold continues losing ground through the Asian session, and touches a fresh weekly trough around the $4,122-$4,121 region in the last hour. The US Dollar retains its bullish bias near the highest level since May 2025 in the face of the US Fed's hawkish tilt, which is seen undermining the non-yielding bullion for the third straight day.
Cardano (ADA) remains under pressure, trading below $0.165 on Friday, losing over 11% so far this week. Weakening derivatives metrics and deteriorating on-chain data support further correction on ADA. Cardano derivatives metrics support a negative outlook.
The US Dollar Index did a phoenix comeback, rising from its ashes and reconquering 100. The reasons behind the US Dollar rally are pretty clear: the Memorandum of Understanding between the United States and Iran, and a hawkish Federal Reserve. Both events were long-awaited and much expected. However, the market reacted with surprise when there were no surprises at all.
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