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The GBP/USD pair struggles to capitalize on the previous day's strong move up to the weekly high and drifts lower during the Asian session on Thursday. Spot prices currently trade around mid-1.3300s, down over 0.10% for the day, and, for now, seem to have stalled the recovery move from a nearly four-week low, touched on Tuesday.
EUR/USD trades with mild losses around 1.1450 in the early European hours on Thursday. The US Dollar recovers ground on renewed Mideast hostilities, despite a cautious Fed hold. Traders now brace for preliminary readings of the second-quarter Gross Domestic Product (GDP) from Germany, the Eurozone and the US.
Gold extends its intraday rejection slide from the $4,100 mark and moves further away from a one-week high, touched the previous day. The US Dollar regains positive traction following Wednesday's post-FOMC decline and is seen as a key factor weighing on the commodity.
Ripple and Stellar are trading at critical technical levels on Thursday. XRP has stabilized above the psychological $1.00 support, while XLM is testing support at $0.173. Traders should be cautious as mixed derivatives metrics keep the outlook uncertain for both altcoins. Derivatives data shows mixed sentiment among traders. CoinGlass’ long-to-short ratio for XRP reads 1.02 on Thursday.
