Midweek technical look – US100, BTC/USD, Oil [Video]

US100 suffers worst two‑day drop since October amid intensifying tech selloff.
BTC/USD drops over 7.5% toward the 70,000 mark, reaching 2024 lows.
Oil steadies below 64.00 as US-Iran talks ease supply fears.

Nicola Zeniou XM

Author

Nicola Zeniou

Nicola joined Trading Point as a Market Analyst in January 2025. She holds a BA in English Literature from Kingston University, London, and an MA in Applied Linguistics (Research Methodology) from the University of Southampton with distinction.

EUR/USD treads water near 1.1800 ahead of ECB rate decision

EUR/USD is keeping its range at around 1.1800 in the European trading hours on Thursday. The pair awaits the European Central Bank interest rate decision for fresh impetus after the Eurozone inflation declined well below the central bank's 2% target.

GBP/USD drops below 1.3600 after BoE leaves rate unchanged in close vote

GBP/USD comes under bearish pressure in the second half of the day on Thursday and trades deep in the red below 1.3600. The Bank of England left the policy rate unchanged, as expected, but four members of the MPC voted for a rate cut, causing Pound Sterling to weaken against its peers.

Gold remains under selling pressure, trades below $4,900

Gold loses its traction following an earlier recovery attempt and trades below $4,900, losing about 2% on a daily basis. The persistent US Dollar (USD) strength and the modest improvement seen in market mood doesn't allow XAU/USD to reverse its direction.