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Editors’ Picks

EUR/USD retreats below 1.0450 as Lagarde testifies

EUR/USD retreats below 1.0450 as Lagarde testifies

EUR/USD has lost its bullish momentum and retreated below 1.0450. ECB President Lagarde reiterated that interest rates will remain the main tool to fight inflation. Meanwhile, the risk-averse market environment helps the US Dollar find demand and limits the pair's upside.

EUR/USD News

GBP/USD turns negative on the day near 1.2050

GBP/USD turns negative on the day near 1.2050

GBP/USD reversed its direction and broke below 1.2100 in the second half of the day on Monday. With safe-haven flows dominating the financial markets in the early American session, the pair stays under bearish pressure and trades in negative territory near 1.2050. 

GBPUSD News


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Editors’ Picks

Gold drops toward $1,750 as US Dollar rebounds

Gold drops toward $1,750 as US Dollar rebounds

Gold price has turned south and dropped to the $1,750 area after having climbed above $1,760 earlier in the day. The US Dollar is benefiting from the souring market mood in the early American session, forcing XAU/USD to continue to stretch lower.

Gold News

Bitcoin price tanks as covid protests erupt in China, pushing investors into risk-off mode

Bitcoin price tanks as covid protests erupt in China, pushing investors into risk-off mode

Bitcoin price saw a sudden sell-off on November 28 after a consolidative weekend. This bearish outlook comes as major protests erupt in China due to covid restrictions. Investors seem to be heading into a risk-off mode.

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All eyes on US inflation this week

All eyes on US inflation this week

It’s all about inflation this week, US inflation specifically. In order to see the significance of Thursday’s PCE print we need to see the context of the US inflation story.

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