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EUR/USD ticks north, stands below 1.0950 post-US PCE inflation
EUR/USD battles for direction following inflation gauges. The EU reported softer-than-anticipated price pressures in October, while the US Core Personal Consumption Expenditures - Price Index came in at 3.5% YoY as expected, easing from 3.7% in the previous month.
GBP/USD keeps the red below 1.2650 after US PCE
GBP/USD slid towards the 1.2650 region in European trading hours on Thursday, holding nearby after the release of US PCE inflation. The annual reading matched investors' expectations at 3.5%, while monthly inflation in the US stood at 0.2%, also in line with the market forecast.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price steady at around $2,040 after US PCE figures
Gold price (XAU/USD) struggles to gain any meaningful traction on Thursday and consolidates its recent strong gains to its highest level since May 5 touched the previous day. US Dollar gaining modest traction on encouraging inflation gauges.
Bitcoin Spot ETF anticipation fuels BTC price rally in spot and futures markets
Bitcoin Spot ETFs could see a batch approval in January. Eric Balchunas, a Bloomberg ETF analyst shared details of an updated application by asset manager BlackRock.
Oil up half it was earlier this Wednesday as OPEC+ Joint Ministerial Committee takes place
WTI Oil clings on to 1% gains as OPEC+ meeting enters next phase. The US Dollar is roaring back after a few days of substantial weakness. Oil very volatile ahead of a possible OPEC+ outcome later this Thursday.