Forex Today: Dollar stays on the back foot heading into the weekend By eren_fxstreet Currencies Majors Macroeconomics Commodities
. Markets stay relatively quiet early Friday but US stock index futures trade decisively higher, pointing to an improving market mood ahead of the weekend. The European Commission will release the Consumer Confidence data for May later in the session.
gained more than 1% on Thursday and closed the day above the critical 200-day SMA. XAU/USD clings to small daily gains early Friday and trades slightly below $1,850. The 10-year US yield is holding in positive territory, limiting the pair's upside for the time being.rose 5% on Friday and seems to have steadied above the key $30,000 level on Friday. Ethereum is moving sideways in a tight range a tad above $2,000 following Thursday's rebound.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Forex Signal: Up to 1.2600 as Rounding Bottom FormsThe $GBPUSD pair found some support at its lowest level since May 2020 after the strong UK employment numbers.
Read more »
EUR/USD Forex Signal: Weakly Bullish Above $1.0457The pair remains vulnerable to a bearish breakdown due to the long-term trend.
Read more »
Republican Texas House races become high-dollar affairs as Tuesday’s primary runoff nearsThe pricey fights illustrate how much of the action in Texas politics has shifted back to the primary after redistricting dramatically reduced the number of competitive seats.
Read more »
The Euro Is Nearing Parity With the Dollar: Here's What It Could Mean for InvestorsThe euro is nearing parity with the U.S. dollar for the first time in 20 years, but currency strategists are divided on whether it will get there.
Read more »
EUR/USD Forecast: Bears retake control, King Dollar is backThe EUR/USD pair edged lower on Wednesday, ending the day near a daily low of 1.0475. The pair pulled back from a weekly high of 1.0563 as the market
Read more »
Bored Ape Yacht Club floor price has fallen 50% in dollar terms this monthThe floor price of the popular NFT collection Bored Ape Yacht Club (BAYC) has now fallen below $200,000.
Read more »