EUR/USD treading water buy weakness at 1.0730 [Video]

EUR/USD holds steady at around 1.1700 early Thursday after posting modest daily losses on Wednesday. Improving market mood on easing EU-US trade densions helps the pair keep its footing as market focus shifts to mid-tier data releases from the US.

The GBP/USD pair gains ground to near 1.3435 during the early European session on Tuesday. The Pound Sterling edges higher against the US Dollar as UK inflation rose more than expected in December. Markets might turn cautious later in the day ahead of a slew of US economic data. 

Gold extends the overnight pullback from the vicinity of the $4,900 mark, or a fresh all-time peak, and drifts lower through the Asian session on Thursday, snapping a three-day winning streak. The global risk sentiment gets a strong boost in reaction to US President Donald Trump's U-turn on Greenland and easing geopolitical tensions.

Canton, MYX Finance, and Pump.fun are leading the recovery over the last 24 hours as the broader cryptocurrency market takes a breather after sharp losses. Technically, the recovering altcoins are closing toward key resistances as selling pressure eases. 

Markets did not so much trade on Wednesday as they collectively unclenched. After a bruising bout of headline-induced indigestion, every major asset class caught a bid at once. Stocks up. Bonds up. Gold up, then cooling. Crypto rebounding. Crude firming. Even the dollar found its feet.

Axie Infinity (AXS) extends its gains by 8%, trading above $2.56 at the time of writing on Thursday, after rallying over 37% this week. The bullish price action is further strengthened by rising whale accumulation volume.