The cryptocurrency market shows signs of cooling after staging a recovery from the weekend sell-off. Bitcoin (BTC) led the upswing, briefly stepping above $108,000 on Thursday before pulling back to consolidate at around $107,147 at the time of writing on Friday.
Oil prices are steady following the de-escalation in the Middle East. The ceasefire between Israel and Iran continues to hold. Meanwhile, nuclear talks between the US and Iran are set to resume next week, according to comments from President Trump.
The 1.20 level is within reach for EUR/USD, but it’s mostly US factors that hold the key to the next move, ING's FX analyst Francesco Pesole notes.