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EUR/USD stays defensive near 1.0300 ahead of US CPI

EUR/USD stays defensive near 1.0300 ahead of US CPI

EUR/USD remains under pressure near 1.0300 in the European trading hours on Wednesday. The pair is undermined by a broadly steady US Dollar and a tepid risk sentiment ahead of the US CPI inflation data release. Dovish ECB commentary also remain a weight on the pair. 

EUR/USD News
GBP/USD recovers to 1.2200 despite softer UK inflation data

GBP/USD recovers to 1.2200 despite softer UK inflation data

GBP/USD erases losses to retake 1.2200 in the European session on Wednesday. The Pound Srerling shakes off a surprise cooldown in the UK inflation. The December UK CPI inflation fell to 2.5% YoY vs. 2.7% expected. The focus now shifts to US CPI data.

GBP/USD News
Gold price turns positive for the second straight day amid softer USD; US CPI in focus

Gold price turns positive for the second straight day amid softer USD; US CPI in focus

Gold price reverses an intraday dip to the $2,669 area and turns positive for the second straight day on Wednesday, though the upside seems limited ahead of the US CPI report. The US Dollar hangs near the weekly low touched in reaction to the softer US PPI on Tuesday and turns out to be a key factor lending support to the commodity. 

Gold News
US December CPI preview: Concerns about sticky inflation to linger

US December CPI preview: Concerns about sticky inflation to linger

The December CPI report should indicate that the underlying trend in inflation is not re-accelerating, but it is unlikely to allay the FOMC's increased concerns that inflation has become stuck uncomfortably above its target.

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Donald Trump’s World Liberty Financial crypto holdings loss over $4.8 million

Donald Trump’s World Liberty Financial crypto holdings loss over $4.8 million

Lookonchain data shows that Trump’s backed DeFi platform World Liberty Financial faces a $4.84 million loss in its crypto holdings. WLFI’s X account announced routine crypto movements for treasury management, fees, and working capital needs.

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Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

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