Germany Markit Services PMI came in at 46.8, above expectations (45.3) in January

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EUR/USD slides toward 1.20 as all eyes are on Powell

EUR/USD is trading closer to 1.20, falling as US yields remain elevated. Fed Chair Powell's speech is highly anticipated and may include hints about the bank's thoughts on inflation. US jobless claims beat expectations.


GBP/USD tops 1.40 as markets await Powell impatiently

GBP/USD has pared its losses, advancing above 1.40 as markets await Fed Chair Powell's all-important speech. US yields are driving the dollar.


XAU/USD consolidates in a range near $1715, Powell's speech awaited

Gold witnessed a modest short-covering bounce amid slightly oversold conditions. An uptick in the US bond yields, sustained USD buying capped any further gains. Investors look forward to Powell’s speech for some meaningful trading impetus.

Gold News

Ripple prepares for a 70% upswing

Ripple price shows signs of an upswing as it bounces off a stable support barrier around the $0.38 level. The “buy signal” from the SuperTrend indicator coupled with the bullish momentum suggests that a 70% upswing is possible.

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US Dollar Index: Next on the upside comes in 91.60

DXY adds to recent gains and once again surpass the 91.00 mark, opening the door to a probable visit to multi-week peaks in the 91.35/40 band (March 2).

US Dollar Index News