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Latest News: EUR/USD
Editors’ Picks
EUR/USD climbs above 1.1300 ahead of German Q1 GDP data
EUR/USD recovers its recent losses posted in the previous session, trading around 1.1310 during the Asian hours on Friday. The pair appreciates as the US Dollar struggles due to a drop in US Treasury yields, which continue to depreciate after the 30-year US bond yield pulled back from 5.15%, the highest level in 19 months.
GBP/USD rebounds above 1.3450 toward 39-month highs, UK Retail Sales eyed
GBP/USD posts gains of about a quarter of a percent in the Asian hours on Friday, trading around 1.3450 at the time of writing. The pair edges higher as the Pound Sterling (GBP) attracts buyers after the GfK better-than-expected Consumer Confidence Index for the United Kingdom (UK) was released. Traders await UK Retail Sales, scheduled to be released later in the day, expecting a monthly decline for the third consecutive period in April.
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Editors’ Picks
Gold bulls have the upper hand amid safe-haven buying, weaker USD
Gold price attracts some dip-buyers following the previous day's pullback from a two-week high and trades above the $3,300 round figure during the Asian session on Friday. Moreover, the fundamental backdrop suggests that the path of least resistance for the precious metal remains to the upside and supports prospects for an extension of over a one-week-old uptrend.
Avalanche Price Forecast: AVAX eyes $30 as FIFA, VanEck back blockchain ecosystem
Avalanche (AVAX) is gaining bullish momentum, extending gains on Friday, trading at $25.74 as investor confidence grows on the back of two major developments. FIFA, football’s global governing body, has announced plans to build its own Layer-1 blockchain on the Avalanche network.
Jupiter: eyes $0.82 as Fluid backs Jupiter's upcoming lending protocol
Jupiter (JUP) is getting the spotlight in the crypto market after months of being under the radar, recording a spike of 16% in the last 24 hours. The revival comes with increasing decentralized finance (DeFi) activities and the announcement of Jupiter Lend.