Analyzes

Bitcoin tried to rally a bit during the early hours on Thursday, but at this point in time, the market simply doesn’t have any real reason to get going.

The Australian dollar has gone back and forth during the trading session on Thursday as we continue to see a lot of questions about the risk appetite and policy divergence of these two central banks.

The USD/CAD pair regains positive traction on Friday and climbs to the 1.3700 mark during the early European session, back closer to a nearly two-week high, touched the previous day. The intraday move up is sponsored by the prevailing short-term bullish sentiment surrounding the US Dollar (USD).

Following Wednesday’s sharp decline, EUR/USD continued to edge lower and closed in negative territory on Thursday. The pair stays on the back foot early Friday and trades slightly above 1.1750.

Gold sticks to recent gains around the $5,000-mark early Friday, biding time before the high-impact US macro events.

EUR/USD’s latest rally looks to be taking a breather just north of 1.1900. That area is acting as a bit of a ceiling for now, with sellers stepping in and slowing the momentum after a decent run higher. Still, the broader bullish narrative has not really changed.