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EUR/USD hovers below 1.1600, awaits Fed Minutes
EUR/USD flat lines after three days of losses, trading below 1.1600 in the European trading hours on Wednesday. The pair tracks the subdued price action in the US Dollar. Traders turn cautious and opt to stay on the sidelines ahead of the Minutes of the Fed's October monetary policy meeting.
GBP/USD stays depressed below 1.3150 after UK CPI inflation data
GBP/USD keeps its downbeat tone intact below 1.3150 in European trading on Wednesday. The UK annual Consumer Price Index (CPI) inflation declined to 3.6% in October, as expected, fanning expectations of a BoE rate cut in December. The focus now shifts to the mid-tier US data and Fed Minutes.
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Cronos Price Prediction: CRO nears wedge pattern playout, bulls in focus
Cronos (CRO) ticks lower by 3% at press time on Wednesday, retreating after a 10% surge from the previous day. The short-term fluctuations approach the apex of a falling wedge pattern, which typically results in an upside breakout.
Solana Price Forecast: SOL steadies near $140 as new spot ETFs launch, boosts sentiment
Solana (SOL) price trades around $140 at the time of writing on Wednesday after rebounding from a key support level the previous day. Canary Capital and Fidelity announced the launch of their spot Solana Exchange Traded Funds (ETFs), SOLC and FSOL, on Tuesday.
Litecoin Price Forecast: LTC tests $95 resistance amid weak demand
Litecoin is up 4% at the time of publication in the early Asian session on Wednesday, joining the wider crypto market in staging a brief recovery from the downtrend over the past three days. However, the fundamentals of the Bitcoin fork have remained cautiously neutral.