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Germany Hesse CPI (YoY) declined to 2.1% in January from previous 2.2%
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EUR/USD recovered towards the 1.1950 price zone early in the American session on Friday. Stronger-than-expected German and Eurozone preliminary GDP data for the fourth quarter of 2025, released earlier in the day provide additional impetus to the EUR.
GBP/USD trims most of its intraday losses and nears the 1.3800 mark as the US Dollar turned lower following President Donald Trump's announcement of the next Fed Chair. US Producer Price Index data will be released later on Friday.
Gold turned higher and recovered well north of the $5,100 mark, following headlines indicating that US President Donald Trump has nominated Kevin Warsh as the next Fed Chair. The US Dollar turned north and erase early gains. Markets remain optimistic over a US Senate deal to fund the federal government through the remainder of the fiscal year.
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.
