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South Korea Industrial Output Growth above expectations (0.5%) in December: Actual (1.7%)
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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 fell back to test the $5,100 level before quickly recovering some ground above $5,200 in the Asian session on Friday. The US Dollar resurgence is boding ill for the bright metal. However, investors continue seeking refuge in safe-haven assets amid mounting economic and geopolitical risks. Gold price volatility is set to continue in the sessions ahead.
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.
