GBPUSD held a 61.8 retrace off the initial bounce. GBPUSD could still have room to move towards the 38% retracement at 1.45.


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AUD/USD weakens further as US Treasury yields boost US Dollar

AUD/USD weakens further as US Treasury yields boost US Dollar

The Australian Dollar extended its losses against the US Dollar for the second straight day, as higher US Treasury bond yields underpinned the Greenback. On Wednesday, the AUD/USD lost 0.26% as market participants turned risk-averse. As the Asian session begins, the pair trades around 0.6577.

AUD/USD News

EUR/USD stuck near midrange ahead of thin Thursday session

EUR/USD stuck near midrange ahead of thin Thursday session

EUR/USD is reverting to the near-term mean, stuck near 1.0750 and stuck firmly in the week’s opening trading range. Markets will be on the lookout for speeches from ECB policymakers, but officials are broadly expected to avoid rocking the boat amidst holiday-constrained market flows.

EUR/USD News

Gold price drops amid higher US yields awaiting next week's US inflation

Gold price drops amid higher US yields awaiting next week's US inflation

Gold remained at familiar levels on Wednesday, trading near $2,312 amid rising US Treasury yields and a strong US dollar. Traders await unemployment claims on Thursday, followed by Friday's University of Michigan Consumer Sentiment survey.

Gold News

Bitcoin price drops, but holders with 100 to 1000 BTC continue to buy up

Bitcoin price drops, but holders with 100 to 1000 BTC continue to buy up

Bitcoin price action continues to show a lack of participation from new traders, steadily grinding south in the one-day timeframe, while the one-week period shows a horizontal chop. Meanwhile, data shows that some holder segments continue to buy up. 

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In a recent episode of the Vancouver Resource Investment Conference podcast, hosted by Jesse Day, guests Stefan Gleason and JP Cortez shared their expert analysis on the dynamics of the gold and silver markets and discussed legislative efforts to promote these metals as sound money in the United States.

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