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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
GBP/USD pulls away from the three-week high it set above 1.3430 and trades slightly below 1.3400 in the second half of the day on Thursday. While fading political uncertainty in the UK helps British Pound limit its losses, escalating tensions in the Middle East make it difficult for the pair to gain traction.
EUR/USD struggles to preserve its bullish momentum after climbing to the 1.1450 area earlier in the day and declines toward 1.1400. Escalating tensions in the Middle East cause investors to adopt a cautious stance, supporting the USD and limiting the pair's upside in the near term.
Gold manages to stage a rebound and clings to modest daily gains near $4,100 following a three-day slide. With Middle East hostilities reviving fears of high global inflation, which could cause major central banks to refrain from easing monetary conditions, XAU/USD finds it difficult to gather momentum.
Bitcoin trades at $63,000 on Thursday, recovering slightly after facing rejection near $64,000. Renewed geopolitical uncertainty has dampened risk appetite, limiting BTC upside potential.
Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance.
