EUR/USD remains strongly bid near weekly highs above 1.0750 amid notable US dollar supply and risk-on flows. Shrinking Fed vs. ECB divergence appears the key catalyst to recall bulls, US PCE inflation eyed.
The GBP/USD pair is sensing a mild selling pressure near 1.2660 after a vertical upside move in the Asian session. The cable has remained in the grip of bulls after hitting the monthly lows at 1.2155. A two-day winning streak has been continued by the pound bulls on Friday after overstepping Thursday’s high at 1.2621.
Gold Price looks to extend the rebound from 200-DMA this Friday. The USD melts amid risk-on trading, cooling off aggressive Fed tightening bets. XAUUSD is supported at 100-SMA on the 4H chart, more gains likely?