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EUR/USD extends recovery above 1.0350 ahead of EU inflation, Powell
EUR/USD is extending recovery gains above 1.0350 in the early European morning this Wednesday. The US Dollar retreats further amid a better market mood. All eyes remain on the Eurozone inflation, US ADP and Fed Chair Powell's speech.
GBP/USD recovers from 1.1940 as US Dollar refreshes day’s low, Fed Powell’s speech eyed
GBP/USD has sensed responsive buying action around 1.1940 as risk aversion loses luster. The Bank of England is expected to advance its interest rates to 4.25% in Q1CY2023. GBP/USD has gained strength after testing the 200-EMA around 1.1960.
Gold bulls seek validation from $1,760 and Fed Chair Powell
Gold price remains firmer for the second consecutive day, bounces off 10-DMA, short-term key support. Fed Powell’s first speech after November, hawkish hopes tease Gold sellers.
Three on-chain metrics suggest Bitcoin price has bottomed, here’s where BTC is going next
Bitcoin price action has spiked 5% over the last 24 hours, hinting at the start of an optimistic scenario. Previous publications have already explored why BTC is ready for a bear market rally from both short-term and long-term outlooks.
Eurozone Inflation Preview: EUR/USD fate hinges on confirmation of peak inflation Premium
ECB President Christine Lagarde told European lawmakers on Monday that Eurozone inflation hasn’t peaked after reaching the highest levels on record in October. Will the Preliminary Eurozone inflation print confirm a peak in inflation?