China central bank says Jan-Feb data for growth of social financing, m2 is basically in line with nominal GDP growth.
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Ross J Burland
FXStreet
Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.
EUR/USD rapidly reverses course and hits fresh YTD tops near 1.1780 at the end of the week. The pair’s U-turn comes on the back of the intense sell-off in the Greenback amid the generalised risk-on context.
The GBP/USD pair retreats a few pips from its highest level since September 2024, around the 1.3680 region touched during the Asian session, and fills a modest bullish gap opening at the start of a new week. Spot prices currently trade with modest intraday gains, above mid-1.3600s, and seem poised to appreciate further.
Gold price rises to a fresh record high near $5,045 during the early Asian session on Monday. The precious metal extends its upside amid geopolitical risks and concerns over the US Federal Reserve.
The altcoins market is facing intense selling pressure with Axie Infinity, Kaia, and Monero leading the decline over the last 24 hours as Bitcoin extends losses below $90,000.
Although the U.S. administration has walked back its proposed tariff package on major European economies, the episode still marks a significant escalation in transatlantic tension.
Bitcoin price struggles below $90,000 on Friday, correcting nearly 5% so far this week. Trump’s Davos speech on Wednesday, backing away from imposing further tariffs on the EU, triggered market volatility and risk-on mood.
