EUR/USD stays under modest bearish pressure and declines toward 1.1500 on Friday after posting losses for three consecutive days. The near-term technical outlook and the risk-averse market atmosphere suggest that the pair could have a difficult time staging a decisive rebound in the near term.
The USD/JPY pair turns positive for the fourth straight day following an intraday dip to the 159.45 area and touches a fresh high since July 2024 during the early European session on Friday.
Gold reverses a part of the previous decline early Friday, taking on the $4,400 level once again. Despite the rebound, the bright metal remains on track to book its fourth straight weekly loss.
EUR/USD fades its recent recovery attempt and refocuses once again on the downside, while the US Dollar’s (USD) firm performance continues to weigh on the risk-linked universe and keeps the sentiment sour, all following geopolitical concerns.
May you live in interesting times, the Chinese curse says. Well, here we are living those interesting times. United States President Donald Trump’s desire to ‘Make America Great Again’ is reaching concerning thresholds with no zenith in sight.
The Australian Dollar (AUD) has lost some of its recent upside momentum in recent sessions, prompting AUD/USD to give back part of its earlier gains.