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 (XAU/USD) marks another bounce off the 200-DMA as bulls flirt with the $1,855 during Friday’s Asian session. In doing so, the bullion prices print the first daily gains in three while bracing for the key upside hurdle.