EUR/USD: At risk of falling towards February low at 1.1951

FXStreet Team FXStreet

EUR/USD is bouncing modestly from sub-1.2000 as a modest advance in equities prevents the dollar from advancing further, with the pair trading around 1.2030. Valeria Bednarik, Chief Analyst at FXStreet, sees the world's most popular currency pair vulnerable while below 1.2060.

See: EUR/USD to grind higher this year – HSBC

Key quotes

“European data disappointed, as German Retail Sales fell by 4.5% MoM in January, while the year-on-year comparison came in at -8.7%. European inflation was up by 0.9% YoY in February, according to preliminary estimates, missing the market’s expectations.”

“The EUR/USD pair remains below 1.2060, the 38.2% retracement of the November/January rally, which maintains the overall risk skewed to the downside.”

Author

FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.