The Euro (EUR) trades flat against the US Dollar (USD) on Friday, as traders show a muted reaction to the latest US economic data. At the time of writing, EUR/USD is hovering near 1.1750 and remains on track for its first weekly gain in three weeks amid sustained weakness in the Greenback.
Business activity in the US private sector expanded at a slightly better pace in January than in December, with the S&P Global's preliminary Composite Purchasing Managers' Index (PMI) edging higher to 52.8 from 52.7.
UBS Group AG, one of the world’s largest asset managers, is planning to offer cryptocurrency investment services to a select group of its Swiss-based private bank clients, according to Bloomberg.
The Canadian Dollar (CAD) extends gains against the US Dollar (USD) on Friday, supported by a broadly softer Greenback and stronger-than-expected Canadian Retail Sales data. At the time of writing, USD/CAD trades around 1.3767, marking a fifth consecutive daily decline.
Bitcoin (BTC) is trading below $90,000 at the time of writing on Friday, down nearly 5% this week.
Ripple (XRP) is trading under pressure, hovering above the immediate support level at $1.90 at the time of writing on Friday. Despite mild inflows into spot exchange-traded funds (ETFs), XRP has declined for a second consecutive day, reflecting weak retail demand and persistent selling pressure.
The Euro (EUR) weakens against the British Pound (GBP) on Friday, with Sterling outperforming its major peers after stronger-than-expected UK economic data. At the time of writing, EUR/GBP is trading around 0.8677 after climbing to a three-week high near 0.8745 earlier this week.
Pump.fun (PUMP) trades below $0.0025 at the time of writing on Friday, after a nearly 7% decline from the 50-day Exponential Moving Average (EMA) at $0.002601. The recent purchase of over $1 million in PUMP tokens failed to revive retail support, as PUMP futures continue to see capital outflow.
Bitcoin (BTC) is struggling to stay above support at $89,000 at the time of writing, as headwinds intensify across the cryptocurrency market on Friday.
Gold (XAU/USD) eases modestly on Friday as mild profit-taking sets in following a surge to a fresh record high near $4,967 earlier in the Asian session. XAU/USD hovers around $4,930 at the time of writing and is set for a third straight weekly advance.
The preliminary United States (US) S&P Global Purchasing Managers’ Index (PMI) data for January is due for release today at 14:45 GMT.
Gold’s (XAU/USD) is trading at $4,915 at the time of writing, practically flat on the daily chart following a 4-day rally that brought price action to a fresh all-time high of $4,967.
The US Dollar is trading near the 158.00 level against the Japanese Yen at the time of writing, after pulling back from session highs above 159.20.
Silver (XAG/USD) hit a fresh all-time high at $99.39 earlier on Friday, before pulling back to levels around $98.25 at the time of writing.