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GBP/USD consolidates weekly losses near 1.3350; US data eyed


GBP/USD consolidates weekly losses near 1.3350; US data eyed

GBP/USD consolidates weekly losses near 1.3350 in the European session on Friday, staying close to seven-week troughs. The pair draws support from a pause in the US Dollar upside as traders take a breather and reosition themselves before the key US PCE inflation data release.










Gold trades with positive bias as USD retreats from three week top ahead of US PCE data


Gold trades with positive bias as USD retreats from three week top ahead of US PCE data

Gold turns positive for the second straight day following an intraday dip to the $3,734 area and touches a fresh daily peak during the first half of the European session on Friday. The commodity, however, remains confined in the previous day’s broader trading range as traders opt to wait for the release of the US PCEPrice Indexbefore placing fresh directional bets.












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