NOK/JPY Exchange rate
EUR/USD retreats toward 1.0750 as markets reassess Fed, ECB bets after a blow
EUR/USD remains sidelined near 1.0780-75 as it consolidates the biggest daily jump since March heading into Friday’s European session. The Euro pair portrays the market’s sluggish momentum amid a light calendar and positioning for the next week’s top-tier data/events.
GBP/USD grinds below 1.2600 within fortnight-old bullish channel
GBP/USD buyers take a breather at the highest level in one month, making rounds to 1.2550 during early Friday morning in Europe. In doing so, the Cable bulls pause after posting the biggest daily gain since early March the previous day.
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.
Binance.US to suspend USD deposits, citing aggressive and intimidating tactics by the SEC
BinanceUS, the American arm of Binance.com, has indicated plans to suspend USD deposits, noting that its banking partners would do the same for withdrawal beginning June 13. According to the notice, the move is attributed to aggressive and intimidating tactics employed by 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.