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EUR/USD struggles to gain traction, trades near 1.0800
EUR/USD finds it difficult to gather recovery momentum and trades near 1.0800 on Tuesday as the US Dollar benefits from the risk-averse market atmosphere. ECB President Lagarde's cautious remarks about inflation outlook helps the pair limit its losses.
GBP/USD extends slide after failing to reclaim 1.3000
GBP/USD loses its traction and trades in negative territory after failing to stabilize above 1.3000 earlier in the day. The souring market mood doesn't allow the pair to stage a decisive rebound as the market focus remains on geopolitics and central bank speak.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold continues uptrend toward $2,750 as Middle East conflict rages on
Gold continues its uptrend and trades near the record-high it set at $2,740 as the conflict in the Middle East remains unabated, while markets assess the changing outlook for global interest rates. Technically, XAU/USD trends higher as a multi-time-frame uptrend extends.
Bitcoin dips below $67,000 as holders book profits
Bitcoin continues to trade in the red on Tuesday after facing rejection around the $70,000 level on Monday. Despite the price decline, institutional investors capitalized on the recent dips, with the US spot Exchange Traded Funds recording over $297 million in inflows.
Bitcoin Price Forecast: BTC dips below $67,000 as holders book profits
Bitcoin continues to trade in the red on Tuesday after facing rejection around the $70,000 level on Monday. Despite the price decline, institutional investors capitalized on the recent dips, with the US spot Exchange Traded Funds recording over $297 million in inflows.