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Indonesia Gross Domestic Product (YoY) came in at 4.94%, below expectations (5.05%) in 3Q
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The EUR/USD pair gains ground to near 1.1965 during the early Asian session on Friday. Unpredictable US trade policy and questions over the independence of the Federal Reserve weigh on the US Dollar against the Euro.
GBP/USD faces some increasing selling pressure, building on Wednesday’s losses and revisiting the 1.3750 zone on Thursday. Cable’s decline to two-day lows comes in response to the marked advance in the Greenback while traders have started to shift their focus to next week’s BoE gathering.
Gold builds on the overnight solid bounce from sub-$5,100 levels and scales higher during the Asian session on Friday. Investors continue to seek refuge in safe-haven assets, including the XAU/USD, amid mounting economic and geopolitical risks fueled by US President Donald Trump's decisions. Moreover, Fed rate cut bets and concerns about the US central bank's independence benefit the non-yielding bullion, which has gained more than 25% since the start of this year.
Bitcoin (BTC) broke below $85,000 in the North American session on Thursday, dropping nearly 3% in the one-hour timeframe. The move has seen the largest crypto by market cap erase over 5% of its value within the past 24 hours, briefly reaching $84,400, its lowest level since December 1, according to Binance data.
Microsoft's (MSFT) post-earnings cratering on Thursday sent other indices into pullback mode despite the narrow nature of its weakness.
Solana (SOL) is trading in the red, down 2% at press time on Thursday, aligning with the broader cryptocurrency market correction as the US Federal Reserve kept the interest rates unchanged on Wednesday.
