EUR/QAR Exchange rate
AUD/USD holds lower ground near 0.6700 on softer China inflation data
AUD/USD is holding lower ground near 0.6700, having retreated from monthly highs. The Aussie pair keeps its corrective decline intact after China's CPI and PPI data came in softer than expected. The US Dollar has paused its decline, weighing further on the pair.
EUR/USD consolidates near two-week high, setup favours bullish traders
The EUR/USD pair is seen consolidating the previous day's strong gains to over a two-week high and oscillating in a narrow trading band through the Asian session on Friday. Spot prices currently trade around the 1.0775-1.0780 region and seem poised to build on the recent bounce from the 1.0635 region.
Gold bulls need acceptance from $1,970, $1,990 and Fed
Gold remains sidelined as bulls take a breather after rising the most in five weeks the previous day, staying on the way to posting the second consecutive weekly gain. The XAU/USD is yet to cross the short-term key hurdles.
Polygon price readies for a 20% recovery as volume of exchange outflows reduces by 55% in 24 hours
Polygon price recorded a stunning downtrend during the week, losing around 15% as the crypto market heated up. This followed the actions of the United States Securities and Exchange Commission (SEC).
Jobless claims may offer well-timed comfort for the Federal Reserve
Jobless claims spiked last week in what could be the start of another trend higher after stabilizing over the last few months. Claims had been expected to rise much earlier than this but for one reason or another, they've stayed remarkably steady. It's also worth noting that this is only one release so unless it's backed up by more of the same, we can't read much into it.