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GBP/USD price hovers around 1.2950 near nine-day EMA

GBP/USD price hovers around 1.2950 near nine-day EMA

The GBP/USD pair holds steady after gains in the previous session, hovering around 1.2950 during Friday's Asian trading hours. The technical analysis of the daily chart suggests a sustained bullish outlook, with the pair consolidating within an ascending channel pattern.

GBP/USD News
Gold price retains bullish bias near record high as trade tensions boosts safe-haven demand

Gold price retains bullish bias near record high as trade tensions boosts safe-haven demand

Gold price continues to attract safe-haven flows amid rising trade tensions. Fed rate cut bets keep the USD bulls on the defensive and also lend support. Traders now look to the US PCE Price Index for some meaningful impetus. 

Gold News
EUR/USD trades with mild negative bias below 1.0800; focus remains on US PCE

EUR/USD trades with mild negative bias below 1.0800; focus remains on US PCE

The EUR/USD pair struggles to capitalize on the previous day's goodish bounce from over a three-week low, around the 1.0730 area, and edges lower during the Asian session on Friday. Spot prices currently trade with mild negative bias below the 1.0800 mark.

EUR/USD News
Bitcoin stabilizes while Ethereum and Ripple show weakness

Bitcoin stabilizes while Ethereum and Ripple show weakness

Bitcoin price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders. However, Ethereum and Ripple show signs of weakness as they face resistance around their key levels and face a pullback this week.

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US: Trump's 'Liberation day' – What to expect?

US: Trump's 'Liberation day' – What to expect?

Trump has so far enacted tariff changes that have lifted the trade-weighted average tariff rate on all US imports by around 5.5-6.0%-points. While re-rerouting of trade will decrease the effectiveness of tariffs over time, the current level is already close to the highest since the second world war. 

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