Fundamental

The Pound Sterling (GBP) extended its multi-day march north against the US Dollar (USD) this week, lifting GBP/USD to levels just shy of the 1.3600 hurdle.

The EUR/USD pair advanced for a second consecutive week, trading as high as 1.1730 and settling nearby, above the 1.1700 threshold. The US Dollar (USD) revolved around inflation-related data, spiced with US President Donald Trump’s tariffs.

Gold (XAU/USD) failed to stage a meaningful rebound following a bearish start to the week as markets reacted to easing geopolitical tensions and mixed macroeconomic data releases from the United States (US).

GBP/USD finds support and trades marginally higher on the day near 1.3550 after posting losses on Thursday. As markets await the next batch of macroeconomic data releases from the US, the pair’s near-term technical outlook suggests that the bullish bias remains intact.

Gold attracts some dip-buying during the Asian session on Friday and stalls the previous day’s retracement slide from the $3,375 region.

EUR/USD gains traction and rises toward 1.1700 in the European session on Friday after closing in negative territory on Thursday. The pair’s near-term technical outlook is yet to show a buildup of directional momentum.