DKK/EUR Exchange rate

GBP/USD stays under bearish pressure and trades below 1.2650 on in the European session on Friday. The data from the UK showed that the Gross Domestic Product contracted by 0.1% on a monthly basis in October and weighed on Pound Sterling.

The EUR/USD pair remains depressed during the Asian session on Friday and touches a near three-week low, around the 1.0455 area in the last hour. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices is to the downside and supports prospects for an extension of the recent downtrend.

Gold price attracts some dip-buying and reverses a part of Thursday's retracement slide. Geopolitical risks, trade war fears and Fed rate cut bets continue to benefit the commodity. Expectations for a less dovish Fed and elevated US bond yields might cap the precious metal.

Bitcoin faces resistance near $101,100, hinting at a potential downturn. At the same time, Ethereum eyes a rally if it can firmly close above $4,000, and Ripple holds support at $1.96, with a breakdown signaling a possible decline.

Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.