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Japan Producer Price Index (YoY) in line with expectations (2.7%) in November
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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.
The GBP/USD pair attracts some sellers near 1.3760 during the early European session on Friday. The US Dollar edges higher against the Pound Sterling after US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown. Traders will keep an eye on the US Producer Price Index data later on Friday.
Gold correctly steeply early Friday after failing to hold above the $5,400 nark. The US Dollar stages a solid comeback but remains poised for a second weekly slide. Gold, still overbought, looks to test the $5,000 demand zone on an extended correction from record highs.
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.
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.
