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EUR/USD extends sideways grind near 1.0850 in quiet trading day

EUR/USD extends sideways grind near 1.0850 in quiet trading day

EUR/USD moves sideways at around 1.0850 in the second half of the day. The data from Germany showed that the IFO Business Climate Index edged lower to 89.3 in May but failed to trigger a market reaction. US markets will remain closed on Monday.

EUR/USD News

GBP/USD climbs to new two-month high above 1.2750

GBP/USD climbs to new two-month high above 1.2750

Following a quiet European session, GBP/USD edged higher and touched its strongest level since mid-March above 1.2750. Financial markets in the US are closed on Monday in observance of the Memorial Day holiday, possibly limiting the pair's volatility in the American session.

GBP/USD News


UPCOMING CALENDAR EVENTS

Editors’ Picks

Gold trimmed part of its latest losses, holds above $2,350

Gold trimmed part of its latest losses, holds above $2,350

Following the sharp decline seen in the second half of the previous week, Gold stages a decisive rebound toward $2,360 on Monday. In the absence of high-tier data releases, escalating geopolitical tensions seem to be providing a boost to XAU/USD.

Gold News

Ripple holders wait for SEC lawsuit ruling amidst optimism of XRP ETF in 2025

Ripple holders wait for SEC lawsuit ruling amidst optimism of XRP ETF in 2025

Ripple holders are awaiting a ruling in the Securities and Exchange Commission’s (SEC) lawsuit against the payment remittance firm. A court ruling was awaited in May 2024, however there is no update, as of Monday, May 27. 

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Three fundamentals for the week: Traders laser-focused on Fed's favorite inflation figure Premium

Three fundamentals for the week: Traders laser-focused on Fed's favorite inflation figure

US Consumer Confidence kicks off the week with worries of further deterioration. An update on past US GDP growth may also include a downgrade. Core PCE, the Fed's preferred gauge of inflation, is set to trigger high volatility. 

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