Forex News

EUR/USD came under renewed bearish pressure and declined to fresh daily lows below 0.9850 in the American session on Thursday. Hawkish comments from Fed's Kashkari on the policy outlook seem to be providing a boost to the greenback and weighing on the pair.

GBP/USD continues to push lower in the second half of the day and trades below 1.1200. The renewed dollar strength on hawkish Fed commentary and rising US yields forces the pair to stay under bearish pressure as markets start to prepare for Friday's jobs report.

XAUUSD shed some ground on Thursday, currently hovering around $1,713.00. The dollar has gathered momentum as Wall Street opened in the red, holding into negative territory at the time. Also, government bond yields resumed their advances and hold near fresh weekly highs.

The crypto market displays mixed signals but hints that the bearish trend is not over yet. Adopting a get-in-get-out mentality may be the more favorable approach for investors looking to expose themselves to the market.

The will, he won't he debate surrounding Tesla (TSLA) CEO Elon Musk and his bid for Twitter continues to rumble. Twitter (TWTR) stock initially soared on Tuesday as reports broke that the deal looked like it was on.