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EUR/USD eases below 1.0300 ahead of ECB Minutes, US data
EUR/USD is falling back below 1.0300 in European trading on Thursday. Despite risk appetite and a softer US Dollar, the pair struggles due to dovish ECB-speak and Eurozone's economic woes. The focus now remains on the ECB Minutes and high-impact US data.
GBP/USD holds losses around 1.2200 after dismal UK data
GBP/USD is battling 1.2200 in the European session on Thursday. The pair faces headwinds from disappointing UK GDP and industrial figures for November, increased bets of BoE rate cuts and a steady US Dollar. US Retail Sales and Jobless Claims data are next on tap.
Gold price bulls seem reluctant amid reviving USD demand, risk-on mood
Gold price seesaws between tepid gains/minor losses through the early European session and consolidates its recent gains to over a one-month peak touched this Thursday. Growing acceptance that the Fed will pause its rate-cutting cycle late this month assists the USD to move away from a one-week low touched on Wednesday.
Algorand bulls aim for double-digit gains
Algorand price extends its gains, trading around $0.469 on Thursday after rallying more than 19% the previous day. The Algo insights report shows that ALGO’s RWA TVL increased 34.6% and 64.5% of the year’s follower growth on X.
Eurozone industrial production ticked up in November
The slight 0.2% rise in production from October is insufficient to indicate a reversal of the two-year downward trend. Overall, the outlook for industry remains quite weak at the start of the year.
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