- EUR: ECB members say that they are not sure that the ECB should conduct additional monetary stimulus.
- EUR/USD: Mario Draghi will testify to the European Parliament at 13:00 GMT, Existing Home Sales at 14:00 GMT.
- GBP/USD met support at $1.6290
- Risk sentiment: G20 was upbeat about the global economic growth, but cited the euro area as the major risk.
- AUD: concerns about China
- NZD/USD: bullish gap on NZ election results, the New Zealand National coalition wins
- NZ consumer confidence drops in Q3
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EUR/USD hovers around 1.0750 with a negative sentiment amid hawkish Fed
EUR/USD could extend its losses for the third successive session, trading around 1.0750 during the Asian session on Thursday. The US Dollar appreciates amid expectations of the Federal Reserve’s maintaining higher interest rates.
GBP/USD holds below 1.2500 ahead of BoE rate decision
GBP/USD extends its losing streak for the third successive session, trading around 1.2490 during the Asian session on Thursday. Thursday brings the Bank of England interest rate decision, with expectations of maintaining interest rate at 5.25%.
Gold price gains momentum, investors await US data, Fedspeak for fresh catalyst
Gold price holds positive ground in Thursday’s Asian session. The rise in global gold demand, persistent central bank purchasing, and safe-haven flows might continue to boost the precious metal.
President Biden threatens crypto with possible veto of Bitcoin custody among trusted custodians
Joe Biden could veto legislation that would allow regulated financial institutions to custody Bitcoin and crypto. Biden administration’s stance would disrupt US SEC’s work to protect crypto market investors and efforts to safeguard broader financial system.
BoE set to leave interest rates unchanged amid increasing expectations of cuts
It's anticipated that the BoE will maintain the benchmark interest rate at 5.25% after its policy meeting today at 11:00 GMT. Alongside the policy rate announcement, the bank will release the Monetary Policy Minutes and the Monetary Policy Report.