"GBP/USD, USD/CAD Surge on Trade Hopes; Nasdaq Eyes $100; Panshibi Meme Coin Explodes"

GBP/USD and USD/CAD have shown steady gains since President Trump's announcement of potential progress in U.S.-China trade negotiations. Meanwhile, investors are taking notice of a new meme coin, Panshibi (SHIBI), which is generating buzz for its potential to mint over 45,000% profits this year. Let's delve into the outlook for GBP/USD, USD/CAD, the potential of Nasdaq hitting $100, and the new meme coin, Panshibi.

GBP/USD has experienced volatility, rising to 1.2670 on Friday morning. The pair gained strength against the U.S. dollar but lost ground following mixed signals from the Federal Reserve and dismal jobless claims data. The GBP/USD pair posted gains on improved market conditions following President Trump's remarks on trade negotiations with China. However, traders remain cautious due to warnings from Bank of England Governor Andrew Bailey. In the coming weeks, traders will closely monitor U.S. and U.K. economic reports to determine the pair's direction.

The USD/CAD pair tanked in the Thursday North American session to 1.42, largely due to weakness in the U.S. currency. Despite an announcement from President Trump about new auto, chip, and pharmaceutical tariffs, the USD could not recover. The USD/CAD pair did rebound somewhat after dropping earlier in the week. While the pair seems to have received fresh supply, its recovery might stall. Trading activity around the USD/CAD is expected to slow down within the next 48 hours as the Bank of Canada may rethink cutting rates.

Nasdaq (NDAQ), a global financial technology, trading, and market infrastructure provider, has a market cap of $47.6 billion and a pegged price per stock of $82.54. The Nasdaq stock price has already risen above 5% this year. Market activity from TradingView suggests that Nasdaq is building upside momentum, and analysts are more bullish on the stock than they were two months ago. Based on this growth potential, the possibility of Nasdaq hitting $100 per share might not be too far away.

Panshibi, a new meme coin, has gained attention for its potential to mint over 45,000% profits this year. With a Panda