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EUR/USD stays below 1.0700 as USD gathers strength

EUR/USD stays below 1.0700 as USD gathers strength

EUR/USD continues to trade in negative territory below 1.0700 on Wednesday. Higher-than-expected increase in US JOLTS Job Openings for April provides a boost to the US Dollar and weighs on the pair as investors keep a close eye on US debt-limit news.

EUR/USD News

GBP/USD struggles to recover above 1.2400

GBP/USD struggles to recover above 1.2400

GBP/USD has lost its traction and declined below 1.2400 after having climbed above that level earlier in the day. The pair struggles to gather recovery momentum as the US Dollar holds its ground after strong employment data. Markets await House vote on debt-limit bill.

GBP/USD News


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Editors’ Picks

Gold extends daily rebound beyond $1,970

Gold extends daily rebound beyond $1,970

Gold price has gained traction and advanced above $1,970 in the second half of the day on Wednesday. The benchmark 10-year US Treasury bond yield stays in negative territory and allows XAU/USD to keep its footing. Market mood remains cautious ahead of the debt-ceiling vote.

Gold News

Ethereum holders pull $1 billion in ETH off exchanges hinting retail-led rally

Ethereum holders pull $1 billion in ETH off exchanges hinting retail-led rally

Ethereum holdings in exchange wallets declined by $1.04 billion between May 8 and May 31. Interestingly, while large wallet investors have shed their Ether holdings, the altcoin got redistributed to addresses with less than 1 ETH.

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C3.ai Stock News: After 33% rally, AI shares backtrack ahead of earnings

C3.ai Stock News: After 33% rally, AI shares backtrack ahead of earnings

C3.ai (AI) stock slipped 7.6% to $41.62 in Wednesday’s premarket ahead of quarterly earnings expected after the close. This may just be traders taking profits after Tuesday’s 33.4% surge in the AI stock price.

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