Forex News

EUR/USD is trading below 1.0750, easing from weekly highs. The US dollar cuts losses amid easing risk-on trades in early Europe. Little of note in the EU docket puts the US PCE inflation in focus. 

GBP/USD is consolidating gains above 1.2600, having stalled its upside, as the US dollar recovers ground amid the souring market mood. Cable finds support from the UK's household support package and easing aggressive Fed tightening bets. Key US data awaited. 

Gold built on the overnight bounce from the very important 200-day SMA support and edged higher on the last day of the week. The XAUUSD held on to its modest intraday gains through the early European session and was last seen trading above the $1,850 level.

Dogecoin price continues to produce lower lows on a four-hour time frame. As DOGE approaches the $0.073 support floor, investors can expect a decent bounce to $0.087.

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