The GBPUSD pair extended its steady decline through the early European session on Friday and momentarily slipped below the 1.2200 handle.
The USDCHF pair continued scaling higher through the early European session on Friday and climbed further beyond mid-0.9800s, hitting three-week tops.
The USDJPY pair regained positive traction on the last trading day of the week and is currently placed at the top end of its weekly trading range.
The sentiment around the European currency remains bearish although EURUSD has so far managed well to hold on above the 1.1060 area.
EURJPY is alternating gains with losses in the 118.00 neighbourhood in the second half of the week.
The Turkish Lira continues to depreciate in the second half of the week and is now lifting USDTRY to fresh two-month tops around 5.80.
Gold price has stayed almost lifeless after the FOMC. The following looks at what could happen next based on the Elliott wave theory.
Gold price is currently back above the $1500 level and is now hovering around the $1506.02 support level as the momentum picks up again.
The consultation paper by AISC shows concern that the issue of binary options and CFDs to retail clients has resulted in significant financial losses.
Sterling bulls remain hesitant as traders await details of the UK PM’s EU visit, followed by the FOMC minutes, for fresh impulse.
Japanese yen declined slightly after the PMI data from Japan. The USDJPY pair reached a low of 106.39 from the previous high of 106.65.
The euro currency is trading slightly lower against the US dollar in early Thursday trade, following a fairly uneventful FOMC Meeting Minutes.