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EUR/USD rises toward 0.9650 amid renewed dollar weakness

EUR/USD rises toward 0.9650 amid renewed dollar weakness

EUR/USD has gathered bullish momentum and advanced to a fresh daily high near 0.9650 in the American session on Wednesday. The renewed selling pressure surrounding the greenback amid improving market mood seems to be fueling the pair's rebound.

EUR/USD News

GBP/USD extends recovery beyond 1.0750 in volatile session

GBP/USD extends recovery beyond 1.0750 in volatile session

Following an initial spike to 1.0850 on BoE's intervention in gilt markets, GBP/USD lost nearly 300 pips. With the dollar losing its strength after Wall Street's opening bell, however, the pair rose above 1.0750 and turned positive on the day.

GBP/USD News

Gold rebounds above $1,650 as US yields retreat

Gold rebounds above $1,650 as US yields retreat

Gold gathered bullish momentum and recovered above $1,650 from the multi-year-low it touched at $1,615. The benchmark 10-year US Treasury bond yield is down over 4% on the day following the BoE's intervention in the gilt market, helping XAU/USD stretch higher.

Gold News

Where Bitcoin, Ethereum prices are headed as correlation with S&P 500 declines

Where Bitcoin, Ethereum prices are headed as correlation with S&P 500 declines

A mysterious Bitcoin whale moved a large volume of BTC that was dormant for a decade. Amidst the breaking correlation between Bitcoin and S&P 500, analysts are bearish on BTC.

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Invesco Nasdaq Trust (QQQ) ETF hopes for pivot but faces Apple headwinds

Invesco Nasdaq Trust (QQQ) ETF hopes for pivot but faces Apple headwinds

Stocks remain challenged this morning by competing news as overall volatility levels remain close to recent highs. A brief attempt at a rally on Tuesday failed miserably, and now the market opens negatively after having attempted to move higher during the premarket.

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