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GBP/USD managed a close above 1.18 on Thursday. Nevertheless, economists at Scotiabank expect cable to drift below the figure towards key support at 1.15.Bank of England’s policy prospects remain a negative risk

“A more cautious BoE than traders are expecting underpins our expectation for a weaker GBP in the months ahead towards 1.15.”“Intraday support after the 1.18 zone is 1.1775 and the Thu low of 1.1760.”“Resistance past 1.18 is 1.1875/85 and the figure area followed by the mid-1.19s.”

EURUSD extends rebound toward 1.0100

EURUSD has preserved its bullish momentum and climbed toward the 1.0100 area during American trading hours on Friday. Investors are reassessing the Fed’s rate outlook following the latest data releases and mixed comments from Fed officials.

EUR/USD News 

GBP/USD holds in positive territory above 1.1850

GBP/USD has extended its recovery and climbed above 1.1850 in the second half of the day on Friday. Ahead of the weekend, the greenback is having a difficult time finding demand amid the improving market mood.

GBP/USD News 

Gold steadies above $1,700, looks to post weekly losses

Gold fluctuates in a relatively tight range above $1,700 during the American session on Friday and remains on track to close the fifth straight week in negative territory. Falling US T-bond yields help XAUUSD limit its losses ahead of the weekend.

Gold News 

Bitcoin Price: Assessing what comes first $25,000 or $17,000?

Bitcoin price is consolidating between significant barriers and shows no signs of moving out yet. The ongoing move could likely face rejection resulting in a steep correction.