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EUR/USD extends slide below 1.0770 as Dollar holds firm Premium
EUR/USD dropped below 1.0770 falling to the lowest level in three weeks. The pair continues to face downward pressure as the market considers the European Central Bank will cut interest rates before the Federal Reserve.
GBP/USD drops to 12-day lows near 1.2550
GBP/USD broke below 1.2580, falling to the 1.2550 area, the lowest level since November 24. The US Dollar stays resilient despite softer US labour market data and lower yields. More jobs figures are due with Jobless Claims on Thursday and NFP on Friday.
Gold faces mixed risks, fails to capitalize on lower yields Premium
Gold recovered toward $2,030 after testing $2,020 earlier in the day. The benchmark 10-year US Treasury bond yield declined to its lowest level in three months below 4.15% after US employment data and helped XAU/USD gain traction.
XRP price aims at $0.7 as Ripple whales accumulate $37 million worth of tokens in three weeks
XRP price has been moving sideways for the past few days after greatly benefitting from the partial win it attained in the lawsuit filed by the Securities & Exchange Commission (SEC). However, Ripple’s CEO decided that the credit largely goes not to himself or the company but to its supporters.
Tesla Stock Forecast: TSLA downtrend likely to continue as Goldman calls it a top short among hedge funds
Tesla (TSLA) stock has been edging higher on Wednesday, outperforming the NASDAQ Composite for the most part, but institutional bearishness parallels the lackluster performance over the past four months and CEO Elon Musk’s recent ho-hum Cybertruck event.