A lot has changed since Monday. Markets had come under severe pressure on Monday on fear of a major slowdown in the global economy and on an escalation in geopolitical tension. Since then, the market has slowly recovered and even started to make its way back up.

 

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Editors’ Picks

EUR/USD holds ground above 1.1700 amid softer US Dollar

EUR/USD holds ground above 1.1700 amid softer US Dollar

EUR/USD holds ground above 1.1700 in the European session on Thursday. The pair stays supported as the US Dollar faces headwinds from lingering US tariffs and economic concerns. Attention turns to central bank talks and mid-tier US data for fresh trading impetus. 

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 stays well bid above 1.3600 as US Dollar continues to sag

GBP/USD stays well bid above 1.3600 as US Dollar continues to sag

GBP/USD trades with moderate gains above 1.3600 in European trading on Thursday. The US Dollar softens against the Pound Sterling amid growing uncertainty around the impact of Trump's tariffs on the economy and the Fed's interest rate outlook. Fedspeak and US data are awaited. 

Gold price builds on steady intraday ascent amid softer USD, trade worries

Gold price builds on steady intraday ascent amid softer USD, trade worries

Gold price is building on the overnight bounce from a one-and-a-half week low and gaining positive traction for the second straight day on Thursday. Investors remain on edge amid uncertainties surrounding US President Donald Trump's erratic trade policies and their impact on the global economy. 

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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