Crypto
Bitcoin has fallen sharply below USD 60,000 as long liquidations, reduced rate-cut expectations, Strategy’s bitcoin sale, weak institutional demand and broader crypto market concerns deepen selling pressure.
Forex
USD/JPY trades around 160.00 on Friday at the time of writing, virtually unchanged on the day after rebounding from its intraday lows following the release of the US employment report.
Commodities
Silver price (XAG/USD) claws back half of its early losses in the European trading session on Friday, but is still 1.7% down to near $72.60. The white metal is expected to remain volatile, as the United States (US) Nonfarm Payrolls (NFP) data for May is scheduled to be published at 12:30 GMT.
Forex
The USD/JPY pair trades in a tight range around 160.00 during the European trading session on Friday. The pair wobbles as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.
Indices
Deutsche Bank analysts describe a mixed backdrop for US equities, with the S&P 500 rebounding on broad participation even as chipmakers lag after Broadcom’s disappointing AI guidance.
Forex
The Euro (EUR) moves higher for the third consecutive day against the British Pound (GBP) on Friday, although bulls are failing to find acceptance above 0.8655.
Forex
AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours on Friday. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control.
EUR/USD is showing resilience ahead of the closely watched US Nonfarm Payrolls report as investors weigh diverging economic growth trends against converging central bank hawkishness. While the US labour market remains stable enough to support a higher-for-longer Federal Reserve stance, the ECB is expected to continue tightening policy amid persistent inflation. Technical analysis suggests EUR/USD is building a potential base above key support levels, supporting a near-term bullish outlook.
West Texas Intermediate (WTI), futures on NYMEX, trades flat at around $91.00 during the early European trading session on Friday. The oil price consolidates even as the United States (US)-brokered ceasefire between Israel and Lebanon is proving to be fragile due to continued attacks between them.
Forex
EUR/JPY moves little after posting modest gains in the previous day, trading around 185.80 during the Asian hours on Friday. The EUR/JPY cross is holding a constructive bullish bias as it remains above both the nine-day and 50-day Exponential Moving Averages (EMAs).
