Fundamental

Bitcoin drops toward key $106K support as strong US GDP data strengthens the dollar, with traders watching for a bounce or a deeper slide toward $100K.

GBP/USD sinks below 1.34 as strong US GDP and labor data fuel dollar strength, with traders eyeing 1.32 support or a rebound toward 1.36.

USD/CAD surges past 1.39 after hot U.S. GDP data, with buyers eyeing 1.40 and 1.42 as technicals confirm a bullish breakout.

The Australian Dollar (AUD) kept sliding on Thursday, with AUD/USD hovering near three-week lows around 0.6540. That makes it three straight days in the red.

The EUR/USD pair consolidated losses throughout the first half of Thursday, not far above the Monday low at 1.1726. The US Dollar (USD) relief recovery paused ahead of the release of United States (US) data early in the American session, resuming afterwards and sending the pair to fresh weekly lows.

The GBP/USD pair attracts some buying on Thursday and recovers a part of the previous day’s losses to the 1.3425 region, or a nearly three-week trough.