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Editors’ Picks
EUR/USD remains choppy below 1.0200 on dismal EU GDP, Fed minutes eyed
EUR/USD is extending choppy trading below 1.0200 amid a downgrade to the Eurozone Q2 GDP and risk-aversion. The US dollar pauses its renewed upside ahead of Fed minutes. The euro remains vulnerable to recession fears and the gas crisis.
GBP/USD recaptures 1.2100 as USD rebound fizzles
GBP/USD is trading above 1.2100 in the European session on Wednesday as investors assess the implications of surging UK inflation on the BOE's next policy move. The US dollar fails to hold the upside amid souring risk sentiment ahead of US data and Fed minutes.
USD/JPY leans bullish above 134.00, traces firmer yields ahead of Fed Minutes
USD/JPY holds onto the latest bullish bias while picking up bids to refresh the intraday high near 134.40 as Tokyo opens on Wednesday. The yen pair’s latest run-up could be linked to the firmer yields.The quote ignores the US dollar pullback while trying to justify the mixed data at home and abroad.
Editors’ Picks
EUR/USD remains choppy below 1.0200 on dismal EU GDP, Fed minutes eyed
EUR/USD is extending choppy trading below 1.0200 amid a downgrade to the Eurozone Q2 GDP and risk-aversion. The US dollar pauses its renewed upside ahead of Fed minutes. The euro remains vulnerable to recession fears and the gas crisis.
GBP/USD recaptures 1.2100 as USD rebound fizzles
GBP/USD is trading above 1.2100 in the European session on Wednesday as investors assess the implications of surging UK inflation on the BOE's next policy move. The US dollar fails to hold the upside amid souring risk sentiment ahead of US data and Fed minutes.
Gold struggles near one-week low, focus remains on FOMC minutes
Gold turns lower for the third successive day amid the emergence of fresh USD buying. Hawkish Fed expectations, rising US bond yields continue to underpin the greenback. Recession fears could limit losses for the XAU/USD ahead of the key FOMC minutes.
Solana price hints at a 50% upswing under these specific conditions
Solana price shows an interesting setup as it tries to overcome a stiff resistance level. The fifth attempt to overcome hurdles will likely be successful due to multiple bullish confluences. Solana price has been on a clear uptrend since producing the June 14 swing low at $25.76.
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