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EUR/USD trades above 1.0700 after EU inflation data

EUR/USD trades above 1.0700 after EU inflation data

EUR/USD regained its traction and climbed above 1.0700 in the European session. Eurostat reported that the annual Core HICP inflation edged lower to 2.7% in April from 2.9% in March. This reading came in above the market expectation of 2.6% and supported the Euro.

EUR/USD News

GBP/USD recovers to 1.2550 despite US Dollar strength

GBP/USD recovers to 1.2550 despite US Dollar strength

GBP/USD is recovering losses to trade near 1.2550 in the European session on Tuesday. The pair rebounds despite a cautious risk tone and broad US Dollar strength. The focus now stays on the mid-tier US data amid a data-light UK docket. 

GBP/USD News

Gold price remains depressed near $2,320 amid stronger USD, ahead of US macro data

Gold price remains depressed near $2,320 amid stronger USD, ahead of US macro data

Gold price (XAU/USD) remains depressed heading into the European session on Tuesday and is currently placed near the lower end of its daily range, just above the $2,320 level. 

Gold News

XRP hovers above $0.51 as Ripple motion to strike new expert materials receives SEC response

XRP hovers above $0.51 as Ripple motion to strike new expert materials receives SEC response

Ripple (XRP) trades broadly sideways on Tuesday after closing above $0.51 on Monday as the payment firm’s legal battle against the US Securities and Exchange Commission (SEC) persists.

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Mixed earnings for Europe as battle against inflation in UK takes step forward

Mixed earnings for Europe as battle against inflation in UK takes step forward

Corporate updates are dominating this morning after HSBC’s earnings report contained the surprise news that its CEO is stepping down after 5 years in the job. However, HSBC’s share price is rising this morning and is higher by nearly 2%.

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