Analyzes

Gold is seeing a deep correction early Friday, challenging bids near the $5,100 kevel, following intense volatility witnessed on Thursday.

EUR/USD comes under fresh selling pressure as the pair cooled off from overbought levels, helped along by a modest recovery in the US Dollar (USD). Even so, the broader tone for the single currency remains constructive at the start of the year.

Gold price rallied early on Thursday to a fresh all-time high of $5,598, as persistent US Dollar (USD) weakness persisted. Financial markets, however, took a dramatic turn in the American session, and the bright metal plummeted towards the $5,100 region, with major slides also among indexes.

AUD/USD is still very much in the big picture of going up, even though the pair is taking a break after its last rise. The bigger picture is still supported by a better risk environment and rising confidence that the Reserve Bank of Australia (RBA) could raise rates as early as next week.

Dogecoin (DOGE) is currently trading around $0.12, holding within a narrow consolidation range after recent volatility.

The EUR/USD is near the 1.19500 level as of this writing with fast conditions still shaking the broad Forex market, this as the currency pair traverses within values it has not seen since June 2021 in a sustained manner.