United States S&P Global Services PMI registered at 52.9, below expectations (54.1) in December

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD weakens below 1.3500 as US launches new wave of strikes against Iran

EUR/USD flatlines near 1.1450 amid renewed Hormuz hostilities

Gold pulls back before the next leg down

Mild correction in Bitcoin – HYPE, TIA extend losses

Bitcoin (BTC) edges below $64,000 on Friday, extending losses for the third consecutive day after the 50-day Exponential Moving Average (EMA) capped recovery around $65,000. Hyperliquid (HYPE) and Celestia (TIA) stand out as the worst performers over the last 24 hours, with nearly 10% losses.

Asian stock markets mirror US tech sell-off, Nikkei plunges over 4%

Asian stock markets face a sharp sell-off on the last trading day of the week, tracking seeking negative cues from United States equity markets. US technology stocks fell sharply on Thursday as stocks of sophisticated chips extended their losses.

-0.4%: Why the biggest CPI drop since 2020 couldn't buy back a single cut

The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.