FX option expiries for July 25 NY cut

EUR/USD leaves behind two daily advances in a row, facing renewed selling pressure and returning to the sub-1.1700 region in response to the late rebound in the US Dollar ahead of the opening bell in Asia. On Thursday, market participants are expected to closely follow the US weekly report on the labour market, GDP prints and the PCE data.

GBP/USD is alternating gains with losses midweek, pushing back towards the 1.3430 area after bottoming out near the 1.3400 support. The modest recovery in Cable comes as the US Dollar advances modestly following President Trump’s comments at the World Economic Forum.

Gold pushed its rally further on Wednesday, hitting a fresh all-time high near $4,900 per troy ounce earlier in the session. Risk appetite remains fragile, with investors staying cautious after President Trump delivered his speech in Davos, while EU–US tensions over the Greenland issue continue to simmer.

Australia will release the December monthly employment report on Thursday at 0:30 GMT, with market participants anticipating a modest recovery in labor market conditions.

US President Donald Trump delivers a keynote speech at the World Economic Forum (WEF) held in Davos. "Certain places in Europe not recognizable any more."

Monero (XMR) is extending its downtrend, below the $500 level at the time of writing on Wednesday, as sellers remain dominant during the American session. XMR has declined by approximately 38% from a recent high of $800, reached last Wednesday.