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Germany ZEW Survey – Current Situation registered at -73.8, below expectations (-65) in June
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FXStreet Team
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EUR/USD is edging slightly lower into the end of the week, drifting around the 1.1770 to 1.1760 zone as the US Dollar posts only modest gains of its own. The move feels inconclusive, with traders assessing the disheartening prints from US PMIs.
The British Pound is finding a bit of fresh momentum on Friday, allowing GBP/USD to snap a four-day losing streak and push back towards the 1.3480 area. Cable’s rebound comes even as the US Dollar holds onto modest gains, with traders positioning cautiously following a fresh batch of key US data.
Gold is extending its run higher for a third straight session on Friday, climbing to fresh multi day tops north of the key $5,000 mark per troy ounce. The move reflects ongoing geopolitical tensions in the Middle East, marginal gains in the Greenback and mixed US Treasury yields.
Bitcoin rises marginally, nearing the immediate resistance of $68,000 at the time of writing on Friday. Major altcoins, including Ethereum and Ripple, hold key support levels as bulls aim to maintain marginal intraday gains.
Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness.
XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.
