Cardano’s price has held at about $0.74 as of Thursday, on the rebound with an increase of more than 4% for the week. This increase happens on the continuing backdrop of traders reeling from the most recent US President Trump tariff threats. According to the latest on-chain data, things are looking up for ADA. With the stablecoin market cap reaching new highs, traders are placing increasingly bullish bets. As we head into Thursday’s European morning, GBP/USD is trading with a positive bias above the 1.2900 level. It holds onto its advances as late-breaking US Dollar selling pressure comes to bear.
The reality of the trading environment today is being determined day by day by rapidly evolving global economic events. As Cardano price shows resilience, forex market GBP/USD gets lift from weakened US Dollar. The dynamic duo’s impressive gains have stuck—we’re all a bit surprised—attributed to lively overall market conditions driven in part by positive responses to US tariff initiatives. Traders are still very much digesting the new tariff threats. Meanwhile, they’re turning their attention to the US economic data, especially the Personal Consumption Expenditures (PCE) inflation data coming out on Friday.
Meanwhile, the EUR/USD pair is dropping back under 1.0800, but so far maintaining its recovery from last week’s three-week lows. With the US PCE inflation data set to come out on Friday, traders are busy actively repositioning themselves. They think this information would greatly move the needle in future market swings. The Euro/Dollar $EURUSD exchange rate prospects still look nervous as market onlookers continue to be on their toes.
Gold prices have seen a modest pullback after hitting a new weekly peak earlier this Thursday morning. These include hedging against inflation, currency risks, bullions’ negative correlation to equity markets and shifting demand trends. These changes are mostly based on US mid-tier data and tariff update’s.