Ethereum (ETH) surged to a new all-time high on Friday, crossing $4,868 for the first time since November 2021, according to data from crypto exchange Binance.

United States CFTC Gold NC Net Positions declined to $212.6K from previous $229.5K

United Kingdom CFTC GBP NC Net Positions up to £-25.2K from previous £-39.1K

Eurozone CFTC EUR NC Net Positions up to €118.7K from previous €115.4K

Japan CFTC JPY NC Net Positions rose from previous ¥74.2K to ¥77.6K

Australia CFTC AUD NC Net Positions fell from previous $-87.9K to $-94.9K

United States CFTC S&P 500 NC Net Positions climbed from previous $-192.1K to $-171.5K

United States CFTC Oil NC Net Positions: 120.2K vs 116.7K

The GBP/USD rallies as the Fed Chair Jerome Powell takes the stand at the Jackson Hole Symposium. At the time of writing, the pair trades above 1.3500 after Powell hints that the Fed might be ready to resume its easing cycle.

The US is positioning itself as a potential global hub for cryptocurrencies under President Donald Trump.

In an interview with Bloomberg on Friday, Federal Reserve Bank of Boston President Susan Collins said that the overall economic fundamentals in the United States are relatively solid, per Reuters.

Canada Retail Sales (MoM) in line with expectations (1.5%) in June

Canada Retail Sales ex Autos (MoM) came in at 1.9%, above expectations (1.1%) in June

Mexico 1st half-month Core Inflation below expectations (0.14%) in August: Actual (0.09%)

Mexico Gross Domestic Product (YoY) came in at 0% below forecasts (0.1%) in 2Q

Mexico 1st half-month Inflation below forecasts (0.12%) in August: Actual (-0.02%)

Mexico Gross Domestic Product (QoQ) registered at 0.6%, below expectations (0.7%) in 2Q

US Dollar (USD) is likely to trade in a range between 7.1760 and 7.1900. In the longer run, USD is expected to trade in a range of 7.1730/7.2000, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

India Bank Loan Growth rose from previous 10% to 10.2% in August 4

US Treasuries held in custody at the Fed for foreign institutions have fallen to their lowest levels this year, down $100bn since April. While structural demand supports the Treasury market, ongoing foreign central bank selling may weigh on the US Dollar (USD), ING's FX analyst Chris Turner notes.

EUR/CHF is comfortably trading under 0.94 again as optimism over a Ukraine ceasefire fades, ING's FX analyst Chris Turner notes.

China FDI - Foreign Direct Investment (YTD) (YoY) up to -13.4% in July from previous -15.2%

US Federal Reserve (Fed) Chair Jerome Powell is scheduled to deliver a speech on “Economic Outlook and Framework Review” at the annual Jackson Hole Economic Symposium on Friday at 14:00 GMT.  

France Business Climate in Manufacturing in line with expectations (96) in August

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive session and trading around 98.80 during the Asian hours on Friday.

Germany Gross Domestic Product w.d.a (YoY) down to -0.2% in 2Q from previous 0%

Germany Gross Domestic Product (QoQ) below expectations (-0.1%) in 2Q: Actual (-0.3%)

Germany Gross Domestic Product (YoY) below forecasts (0.4%) in 2Q: Actual (0.2%)

USD/CAD remains stronger for the fourth successive session, reaching a three-month high at 1.3915 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) gains ground amid easing odds of a Federal Reserve (Fed) interest rate cut in September.

Japan National CPI ex Food, Energy (YoY): 3.4% (July)