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Editors’ Picks
EUR/USD extends slide to fresh two-week lows near 1.0400
Following a short-lasting recovery attempt in the early European session, EUR/USD has met fresh bearish pressure and declined toward 1.0400. The dollar continues to gather strength amid risk aversion as investors await the PCE inflation data from the US.
GBP/USD stays below 1.2150 ahead of US data
GBP/USD is having a tough time gaining traction and trades below 1.2150 on Thursday as the dollar holds its ground in the risk-averse market environment. The US Bureau of Economic Analysis' PCE inflation data will be looked upon for fresh impetus.
USD/JPY defends bids above 136.50 as USD steadies amid mixed market
USD/JPY is consolidating the recent gains above 136.50, as the US dollar bulls take a breather amid a mixed market mood and firmer Treasury yields. Investors turn cautious ahead of the all-important US PCE inflation.
Editors’ Picks
EUR/USD extends slide to fresh two-week lows near 1.0400
Following a short-lasting recovery attempt in the early European session, EUR/USD has met fresh bearish pressure and declined toward 1.0400. The dollar continues to gather strength amid risk aversion as investors await the PCE inflation data from the US.
GBP/USD stays below 1.2150 ahead of US data
GBP/USD is having a tough time gaining traction and trades below 1.2150 on Thursday as the dollar holds its ground in the risk-averse market environment. The US Bureau of Economic Analysis' PCE inflation data will be looked upon for fresh impetus.
Gold stays on the back foot, retreats toward $1,810
Gold has lost its traction and declined toward $1,810 following a consolidation phase in the early European session. Although the benchmark 10-year US Treasury bond yield is down more than 1%, the broad-based dollar strength weighs on XAU/USD.
Breaking: Bitcoin price drops below $19,000
Bitcoin price has breached a critical area of support over the past few hours, dipping below $19,000. Transaction history shows that a large number of addresses acquired BTC above $20,000.
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