Fundamental

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.

The Euro (EUR) snapped its weekly winning streak on Thursday, with EUR/USD coming under fresh selling pressure after Wednesday’s monthly highs above 1.1700. Indeed, spot slipped back to retest the 1.1630 area, marking a two-day low.

Spot Gold pressures a fresh weekly low around the $3,330 level in the American session on Thursday, amid resurgent US Dollar (USD) demand.

The NASDAQ 100 whipsawed on Thursday as hotter US PPI data fueled doubts over Fed rate cuts, creating turbulence near the 24,000 mark and prompting buy-on-dip strategies.

WTI crude rallied Thursday but faces strong resistance at $65 amid record US, Russian, and OPEC output. Short setup eyed on signs of exhaustion.