|
European Monetary Union CFTC EUR NC Net Positions: €85.4K vs €85.3K
Author
FXStreet Team
FXStreet
More from FXStreet Team
Editor's Picks
EUR/USD is holding on to its decent recovery near the 1.1800 mark on Friday. The pair is finding some light support as the US Dollar eases back, helped by growing talk that the Fed could deliver an interest rate cut as early as March. Attention now turns to the US consumer sentiment figures, which will be the next test for the buck later in the session.
GBP/USD is bouncing back after two straight days of losses, once again looking towards the 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two week highs in response to some profit taking mood and speculation of Fed rate cuts. In addition, hawkish comments from BoE’s Pill are also collaborating with the quid’s improvement.
Gold is extending a decent intraday rebound, setting aside Thursday’s pullback and putting the $4,900 mark per troy ounce to the test at the end of the week. The move reflects a turn in risk sentiment, which is driving flows back towards traditional safe haven assets and giving the metal a helping hand.
The cryptocurrency market valuation is down $2.8 trillion as the industry leader, Bitcoin (BTC), dropped to $60,000 earlier on Friday before a whipsaw to $65,000.
Tech just got hit with a different kind of selloff. Not the usual rates tantrum, not a recession whisper, not even an earnings miss in the classic sense. This was the market staring into an AI mirror and recoiling at its reflection.
Solana (SOL) price extends its correction, slipping below $70 on Friday after posting losses of over 23% so far this week. The sell-off was fueled by broader weakness in the crypto market, with Bitcoin (BTC) reaching a low of $60,000 on Friday.
