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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 attracts some follow-through selling for the third straight day and weakens further below the 1.3200 mark, hitting a fresh low since April during the early European session on Friday. The pair remains vulnerable amid UK political uncertainty and ahead of Retail Sales data.
The EUR/USD pair recovers some lost ground near 1.1460, snapping the two-day losing streak during the early Asian session on Friday. The Euro strengthens against the US Dollar (USD) after US President Donald Trump signed a deal with Iran to end the war that has disrupted global energy supplies.
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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