Coach provides an update on the EURGBP turn, indicating a developing trend. He also identifies a buying opportunity for the British pound against the dollar (Cable) following the Bank of England's announcement. Meanwhile, Dale highlights GDX, suggesting it could indicate a continued correction in the gold market.

 

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EUR/USD declines toward 1.1700 after US data

EUR/USD declines toward 1.1700 after US data

EUR/USD comes under modest selling pressure and declines toward 1.1700 on Thursday. The better-than-expected weekly Initial Jobless Claims data supports the USD and weighs on the pair, while markets await clarity on the EU-US trade relations. 

Crypto market sees $500 million in liquidation as Bitcoin hit record highs amid dovish Fed minutes

Crypto market sees $500 million in liquidation as Bitcoin hit record highs amid dovish Fed minutes

Bitcoin reached a new all-time high of $111,999 on Wednesday amid dovish Fed minutes, fueling wider market optimism. CoinGlass data shows that over $500 million in leveraged positions were liquidated across crypto markets in the past 24 hours.

GBP/USD falls to 1.3550 region on renewed USD strength

GBP/USD falls to 1.3550 region on renewed USD strength

GBP/USD stays on the back foot and falls toward 1.3550 following a short-lasting recovery attempt in the European morning. The cautious market stance and upbeat Jobless Claims data help the US Dollar (USD) hold its ground and doesn't allow the pair to gain traction as focus remains on US tariff news.

Gold holds above $3,300 but struggles to attract buyers

Gold holds above $3,300 but struggles to attract buyers

Gold holds above $3,300 on Thursday but struggles to build on Wednesday's gains. The benchmark 10-year US Treasury bond yield stabilizes near 4.35% following the previous day's sharp decline, making it difficult for XAU/USD to push higher.

New US tariffs target Asia, but some countries stand to gain

New US tariffs target Asia, but some countries stand to gain

President Trump’s new tariffs are higher than expected for most Asian economies. Moreover, most countries will face additional tariff rates on transshipments. The new announcements are silent on Singapore, India and the Philippines, which might stand to benefit from tariff concessions if negotiations progress favourably.

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