Fundamental

Silver prices plunged Thursday, testing the critical $70 level as volatility surged, with traders eyeing a possible breakdown that could spark a deeper correction.

The British pound fell sharply after the BOE decision, testing the 1.35 support as USD strength and central bank uncertainty cloud near-term direction.

EUR/USD found support after closing marginally lower on Thursday and recovered to the 1.1800 area on Friday. Improving risk mood could help the pair hold its ground in the near term.

The USD/CAD pair attracts some sellers following an intraday uptick to the 1.3725 region, or a nearly two-week high touched this Friday, and, for now, seems to have snapped a two-day winning streak amid a combination of negative factors.

Gold buyers are fighting back control early Friday, after having found bargain buying interest once again near the $4,650 psychological level.

EUR/USD appears to have run into resistance just below the 1.1800 handle for now. Sellers have struggled to force a clearer move lower from this area, leaving the pair stuck in a holding pattern.