EUR/USD flirting with highs near 1.1850, US CPI eyed

Pablo Piovano FXStreet

The European currency is trading on a firm note at the end of the week, lifting EUR/USD to the area of daily tops in the mid-1.1800s.

EUR/USD looks to US CPI, retail sales

The pair is recovering part of the ground lost following Thursday’s pullback, as the greenback appears offered early in the session ahead of today’s critical releases.

Spot keeps the upbeat tone so far this week however, reverting at the same time two consecutive weeks with losses and managing well to extend the rebound from recent lows in the 1.1670/65 band.

Looking ahead, US inflation figures tracked by the CPI will be the salient publication today, seconded by the always-relevant retail sales and the advance gauge of the consumer sentiment by the Reuters/Michigan index for the current month.

EUR/USD levels to watch

At the moment, the pair is up 0.14% at 1.1845 and faces the initial resistance at 1.1911 (high Aug.2) followed by 1.2033 (high Sep.20) and finally 1.2094 (2017 high Sep.8). On the other hand, a break below 1.1777 (10-day sma) would target 1.1686 (low Oct.6) en route to 1.1662 (low Aug.17).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

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.