EUR/USD regains composure and surpasses the parity level.Extra consolidation appears favoured for the time being.EUR/USD fades part of Thursday’s strong sell-off and manages to regain the area above the key parity level at the end of the week.
Further consolidation looks the most likely scenario in EUR/USD in the near term at least, always within the 1.0100-0.9900 range and ahead of the key ECB and FOMC events later in the month.
The breakout of the weekly high at 1.0090 (August 26) could spark further gains to 1.0202 (August17 high). Alternatively, the 0.9900 neighbourhood is expected to hold the bearish impulse for the time being.In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0794.
EUR/USD retreats below parity as Gazprom halts gas transports
EUR/USD has lost its traction and declined below parity in the late American session on Friday. Gazprom announced that gas supplies via the Nord Stream pipeline got fully stopped due to an oil leakage detected during routine maintenance, weighing on the shared currency.
EUR/USD News
GBP/USD declines below 1.1550 amid renewed dollar strength
GBP/USD has lost its recovery momentum and declined below 1.1550 during the American session on Friday. The negative shift witnessed in risk sentiment helps the greenback find demand ahead of the weekend, not allowing the pair to stay in positive territory.
GBP/USD News
Gold extends rebound above $1,710 amid falling yields
Gold has extended its daily rally and advanced beyond $1,710 on Friday. The benchmark 10-year US Treasury bond yield is down nearly 1% on the day at around 3.2% after the August jobs report, weighing on the dollar and fueling XAU/USD’s rebound.
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