European Central Bank decided on the base rate. In line with expectations, the indicative rate stayed at the 0.15% level. After the announcement EUR weakened, as monetary conditions remained loose, and positive news arrived from the USA. However, the ECB monetary loosening is still in the preparation phase.
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EUR/USD holds steady above 1.0650, awaits US data and Fed verdict
EUR/USD is trading sideways above 1.0650 amid a softer risk tone and broad US Dollar strength on Wednesday. With European markets closed for Labor Day, the pair awaits the US employment data and the Fed policy announcements for the next directional move.
GBP/USD flatlines below 1.2500 ahead of US data, Fed
GBP/USD is off the lows but stays flatlined below 1.2500 early Wednesday. The US Dollar strength caps the pair's upside amid a cautious mood ahead of the top-tier US employment data and the all-important Fed policy announcements.
Gold price remains on tenterhooks with eyes on Fed policy decision
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A new stage of Bitcoin's decline
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ADP Employment Change Preview: US private sector expected to add 179K new jobs in April
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