GBP/USD stays in a consolidation phase near 1.3450 after rising more than 0.6% on Thursday. The pair’s near-term technical outlook suggests that there could be a downward correction before the next leg higher.
EUR/USD stays under modest bearish pressure and trades below 1.1650 in the European session on Friday, after closing virtually unchanged on Thursday. The pair’s near-term technical outlook highlights buyers’ hesitancy.
The USD/CAD pair attracts fresh sellers on Friday and slides back closer to a one-week low during the first half of the European session.
Gold price is seeing a sharp pullback after hitting fresh two-week highs near $3,410 early Friday. Traders digest the latest tariff headlines as the bright metal heads for a second straight weekly advance.
The Euro (EUR) left behind part of its weekly rebound vs. the US Dollar (USD) on Thursday, with EUR/USD coming under renewed selling pressure soon after reaching new highs around 1.1700 the figure.
The Aussie found initial strength on Wednesday, sending AUD/USD to the vicinity of the 0.6550 zone, or multi-day highs. However, the subsequent resumption of the bid bias in the US Dollar (USD) caused the AUD/USD to give up those gains and eventually return to the 0.6500 neighbourhood.