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France Producer Prices (MoM) declined to 0.2% in December from previous 1.1%
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EUR/USD remains deep in the red near 1.1900 in European trading on Friday. The pair fails to benefit from the stronger-than-expected German and Eurozone preliminary GDP data for the fourth quarter of 2025, as the US Dollar upswing regains traction ahead of Trump's announcement of the Fed Chair.
GBP/USD holds sizeable losses near 1.3750 in the European session on Friday. The US Dollar resumes its recovery, led by a deal between US President Donald Trump and Senate Democrats to avoid a US government shutdown. Traders will keep an eye on the Trump announcement of Fed Chair pick and US Producer Price Index data later on Friday.
Gold accelerates its bearish momentum and attacks $5,000 amid heavy liquidation pressure on Friday. The US Dollar gains solid positive traction amid the optimism over a Senate deal to fund the federal government through the remainder of the fiscal year. All eyes is on Trump's announcement of his next Fed Chair nomination.
Stellar continues to trade in the red, slipping below $0.20 on Friday, a level not seen since mid-October. Bearish sentiment intensifies amid falling Open Interest and negative funding rates in the derivatives market. On the technical side, weakening momentum indicators support further correction in XLM.
Microsoft's (MSFT) post-earnings cratering on Thursday sent other indices into pullback mode despite the narrow nature of its weakness.
Bitcoin, Ethereum, and Ripple continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.
