EUR/USD is trading above 1.1950, extending its gains and trading at three-week highs. Markets cheer tame US inflation and await speeches by the ECB's Lagarde and the Fed's Powell. Vaccine developments are eyed.
GBP/USD is hovering near 1.38 as the US dollar remains under pressure alongside US Treasury yields. Britain's successful vaccination campaign is boosting sterling. The BOE's Haskel and the Fed's Powell are set to speak.
Dogecoin receives fresh support from Mark Cuban and Guy Fieri. Dogecoin price surges 70% in less than 48 hours, hitting the middle line of an ascending parallel channel. A continuation of this bullish momentum could push DOGE up by 118% toward $0.245.
Gold struggled for a firm direction and remained confined in a range on Wednesday. The subdued price action constitutes the formation of a rectangle on the 1-hour chart. A mixed technical set-up warrants some caution before placing fresh directional bets.