EUR/USD retreats from highs, near 1.1150 ahead of data

Pablo Piovano FXStreet

The pause in the USD rally has allowed EUR/USD to advance to overnight tops near 1.1160, although its has lost some impetus since then.

EUR/USD attention to data

After testing fresh 3-week lows in the vicinity of 1.1130 on Tuesday, spot has managed to regain some traction and is now navigating the 1.1160/50 band as the upside momentum in the greenback seems to be taking a breather.

Very interesting day ahead for the pair, as Germany will publish its Retail Sales and employment figures, followed by advanced EMU’s inflation figures for the month of August.

Across the pond, the ADP report will be the salient event today seconded by Pending Home Sales.

EUR/USD levels to watch

The pair is now up 0.04% at 1.1148 facing the next hurdle at 1.1197 (2014-2016 resistance line) followed by 1.1367 (high Aug.18) and finally 1.1434 (high Jun.24). On the flip side, a break below 1.1128 (low Aug.30) would target 1.1121 (200-day sma) en route to 1.1043 (low Aug.5).

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.

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.