Juncker: Britain 'may' divide EU over Brexit talks - Reuters

Jose Ricaurte Jaen Analista independiente

European Commission President Jean-Claude Juncker was on the wires, via Reuters, as he fears Britain will divide the European Union's 27 remaining members by making different promises to each country during its Brexit negotiations.

Key Highlights:

•"The other EU 27 don't know it yet, but the Brits know very well how they can tackle this. They could promise country A this, country B that and country C something else and the end game is that there is not a united European front."

•"Now everyone is saying in relation to Trump and Brexit: 'Now is Europe's big chance. Now is the time to close ranks and march together."

•"I wish it will be like this, but will it happen? I have some doubt. Because the Brits will manage without big effort to divide the remaining 27 member states."

•"It would be a change that we have to use. And we should not allow the Brits to pursue trade deals now with others because they are not allowed to do so."

Meanwhile, the EUR/USD pair bounced off near the 50-DMA during the last hours of the NA session on Friday.

Author

Jose Ricaurte Jaen

Analista independiente

Born in Colón (Panamá). Over the last years, he has been designing currency algorithms for the retail industry.

EUR/USD flat lines below 1.1900; divergent Fed-ECB expectations offer support

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1835-1.1830 region and oscillates in a narrow band during the Asian session on Thursday. Spot prices currently trade around the 1.1875 area, remaining nearly unchanged for the day and staying within striking distance of an over one-week high, reached on Tuesday, amid mixed cues.

GBP/USD slips heading into the Thursday trading window

The Pound Sterling pulled back from four-year highs on Wednesday, weighed down by a combination of Bank of England dovishness and UK political uncertainty, even as the US Dollar weakened on soft labor market revisions.

Gold holds losses near $5,050 despite renewed USD selling

Gold price trades in negative territory near $5,050 in Thursday's Asian session. The precious metal faces headwinds from stronger-than-expected US employment data, even as the US Dollar sees a bout of fresh selling. All eyes now remain on the next batch of US labor statistics.

Crypto trades through a confidence reset

The cryptocurrency market is navigating a liquidity-driven reset rather than a narrative-driven rally. Bitcoin, Ethereum and major altcoins remain under pressure even as new exchange-traded fund filings continue and selected inflow days appear on the tape.

The market trades the path not the past

The payroll number did not just beat. It reset the tone. 130,000 vs. 65,000 expected, with a 35,000 whisper. 79 of 80 economists leaning the wrong way. Unemployment and underemployment are edging lower. For all the statistical fog around birth-death adjustments and seasonal quirks, the core message was unmistakable. The labour market is not cracking.

XRP sell-off deepens amid weak retail interest, risk-off sentiment

Ripple (XRP) is edging lower around $1.36 at the time of writing on Wednesday, weighed down by low retail interest and macroeconomic uncertainty, which is accelerating risk-off sentiment.