Sentiment: Positive

Date: 2025-01-17T18:50:00.000Z

GBP/USD continues to pullback from the weekly high (1.2307) as the UK Retail Sales report shows an unexpected 0.3% decline in December, with the recent weakness in the exchange rate pushing the Relative Strength Index (RSI) toward oversold territory.

Sentiment: Neutral

Date: 2025-01-17T18:06:00.000Z

The US Dollar was down more than 1.7% against the Japanese Yen at the lows off the week with USD/JPY threatening a break of a multi-week range. The immediate focus is on this pullback with multi-month uptrend support in view ahead of the extended holiday break.

Sentiment: Positive

Date: 2025-01-17T16:44:02.000Z

U.S. dollar gains ground as traders focus on the better-than-expected Housing Starts report.

Sentiment: Negative

Date: 2025-01-17T16:18:03.000Z

The EUR/USD pair struggled to maintain upward momentum on Friday, slipping by 0.20% to settle around the 1.0285 mark. Efforts to break decisively above the 20-day Simple Moving Average (SMA) once again fell short, underscoring persistent headwinds facing any near-term recovery.

Sentiment: Negative

Date: 2025-01-17T15:50:25.000Z

The EUR/JPY bottomed near 159.69 and rose past 160.50 on Friday after registering two consecutive days of losses as risk appetite deteriorated. At the time of writing, the cross-pair trades at 160.82, up 0.69%.

Sentiment: Neutral

Date: 2025-01-17T15:42:44.000Z

The yellow metal was supported by recent US economic data which showed weaker than expected US core inflation numbers in December and revived narrative of more Fed rate cuts in 2025.

Sentiment: Positive

Date: 2025-01-17T14:57:46.000Z

The gold market continues to see a lot of buyers on dips, as the markets have a lot of different things to focus on. Geopolitics, interest rates, and overall currency devaluation will continue to be a major driver of what happens next.

Sentiment: Positive

Date: 2025-01-17T14:38:18.000Z

The Euro extended its gains versus the Pound Sterling on Friday, posting back-to-back bullish bars and climbing above the crucial 200-day Simple Moving Average (SMA) at 0.8425. This indicates bullish momentum is building as the EUR/GBP trades at 0.8443.

Sentiment: Positive

Date: 2025-01-17T14:21:43.000Z

The AUD/USD pair falls sharply to near 0.6180 in Friday's North American session. The Aussie pair slumps as the US Dollar (USD) gains ground after a three-day losing streak.

Sentiment: Neutral

Date: 2025-01-17T14:20:28.000Z

The gold market has pulled back a bit in the early hours of Friday in order to confirm the top of the overall consolidation area that we have been in for a while. At this point in time, the market is likely to continue to find buyers on dips.

Sentiment: Negative

Date: 2025-01-17T14:08:49.000Z

The silver market fell somewhat hard in the early hours of Friday, as we continue to see the same resistance come into the picture in order to cause a bit of a drag on the market. However, there is also significant support underneath that should come into the picture as

Sentiment: Negative

Date: 2025-01-17T14:07:48.000Z

The British pound remains under pressure following a surprisingly weak retail sales report this morning. This follows up from a disappointing GDP report for November which fell short of market expectations.

Sentiment: Positive

Date: 2025-01-17T13:36:51.000Z

USD/SGD continued to trade modestly softer as USD strength eased while JPY, CNH and risk sentiments found support. USD/SGD was last seen at 1.3658, OCBC's FX analyst Christopher Wong notes.

Sentiment: Negative

Date: 2025-01-17T13:31:16.000Z

In the early hours of Friday, the US dollar has been a bit noisy, as it looks like traders aren't willing to get overly exposed one way or the other ahead of the weekend. With this, I suspect this is a market that will continue to see choppy short-term behavior.

Sentiment: Positive

Date: 2025-01-17T13:20:36.000Z

The USD/CAD pair climbs to near 1.4430 in Friday's North American session. The Loonie pair strengthens as the Canadian Dollar (CAD) performs weakly, with investors turning cautious as United States (US) President-elect Donald Trump is scheduled to take oath on Monday.

Sentiment: Positive

Date: 2025-01-17T12:23:25.000Z

Fed rate cut signals and easing inflation boost silver's outlook, but a strong dollar and economic resilience could limit gains. Can silver prices rally?

Sentiment: Negative

Date: 2025-01-17T12:06:04.000Z

The British pound is lower on Friday. In the European session, GBP/USD is currently trading at 1.2201, down 0.27% on the day.

Sentiment: Positive

Date: 2025-01-17T12:00:00.000Z

While the major indices rallied, FX markets were fairly contained in the first half of Friday's session, with the EUR/USD trading flat around the 1.03 handle. Other euro crosses were all higher as risk appetite improved further with some of the major European indices such as the German DAX and UK's FTSE 100 hitting new record highs.

Sentiment: Positive

Date: 2025-01-17T11:48:48.000Z

Gold's price (XAU/USD) slightly retraces but holds above the $2,700 level on Friday, with some profit-taking occurring after its three-day rally this week.  Federal Reserve (Fed) governor Christopher Waller spooked traders by commenting on Thursday that a March interest rate cut should not be ruled out.

Sentiment: Neutral

Date: 2025-01-17T11:44:45.000Z

Flat momentum suggests further range trading, most likely between 7.3380 and 7.3550. Upward momentum is beginning to fade; a breach of 7.3250 would suggest that 7.3700 is not coming into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.