Pound Sterling outperforms US Dollar as US Jobless Claims surge
The Pound Sterling (GBP) surges to near 1.2750 against the US Dollar (USD) in Thursday’s North American session. The GBP/USD pair strengthens as the US Dollar slumps after the release of the United States (US) Initial Jobless Claims data for the week ending November 29. The data showed that individuals claiming jobless benefits were 224K, higher than estimates and the prior release of 215K. Read More...
BoE DMP Survey: UK firms’ inflation expectations rise to 2.7% in the December quarter
According to the latest Bank of England (BoE) Decision Maker Panel (DMP) quarterly survey released on Thursday, “one-year ahead expected CPI inflation by the UK companies rose by another 0.1 percentage points to 2.7% in the quarter to December.” Read More...
GBP/USD holds steady above 1.2700 mark amid subdued USD price action
The GBP/USD pair trades with a mild positive bias for the third straight day and holds steady just above the 1.2700 mark during the Asian session on Thursday. Spot prices, however, lack bullish conviction and remain below the weekly high touched on Monday. Read More...
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EUR/USD climbs to multi-week highs near 1.0500 after German and EU PMI data
EUR/USD gathers bullish momentum and rises toward 1.0500 in the European session on Friday. The upbeat PMI data from Germany and the Eurozone, which showed an expansion in the private sector's business activity in January, provide a boost to the Euro and helps the pair push higher.
GBP/USD holds recovery gains near 1.2400 amid risk-on mood
GBP/USD holds the rebound at around 1.2400 in the European session on Friday. The pair’s upside could be attributed to upbeat market mood and broad US Dollar weakness, fuelled by US President Trump's no tariff talks on China. UK and US PMIs are next in focus.
Gold price bulls take a breather near multi-month top amid positive risk tone
Gold price (XAU/USD) enters a bullish consolidation phase during the first half of the European session and oscillates in a range above the $2,770 area, near a multi-month top touched earlier this Friday.
Dogelon Mars pumps more than 85%, whales dump 128 billion coins and realize a profit
Dogelon Mars (ELON) price continues its rally on Friday after rallying more than 18% this week. On-chain data shows that ELON whale wallets realized profits during the recent surge. The technical outlook suggests a rally continuation of the dog-theme meme coin, targeting double-digit gains ahead.
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