GBP/USD surges amid easing US trade tensions, ahead of BoE’s decision
The Pound Sterling remains bid for the third consecutive day, edges up 0.34% as the GBP/USD trades at 1.2519 above the 50-day Simple Moving Average (SMA) at 1.2501. Read More...
Pound Sterling surge pauses against US Dollar on upbeat US private employment data
The Pound Sterling (GBP) surrenders some gains above 1.2500 against the US Dollar in Wednesday’s North American session but is still 0.2% higher. The GBP/USD pair faces pressure above 1.2500 as the US Dollar discovers some bids after the release of the upbeat United States (US) ADP Employment Change data for January. The ADP reported that the private sector hired 183K workers in January, higher than estimates of 150K and the prior release of 176K, revised significantly higher from 122K. Read More...
GBP/USD holds steady below 1.2500; softer USD acts as a tailwind
The GBP/USD pair struggles to capitalize on its strong gains registered over the past two days and consolidates near a one-week top, below the 1.2500 psychological mark during the Asian session on Wednesday. The downside, however, remains cushioned amid some follow-through US Dollar (USD) selling. Read More...
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EUR/USD holds lower ground near 1.0450, awaits German ZEW survey
EUR/USD holds lower ground near 1.0450 in the European morning on Tuesday. This downside could be attributed to the renewed have demand for the US Dollar amid a risk-off market mood and US rising Treasury bond yields. The focus is on German ZEW and US-Russia talks.

GBP/USD holds above1.2600 after UK labor market data
GBP/USD struggles to attract buyers but holds above 1.2600 in the European session on Tuesday. The data from the UK showed that the ILO Unemployment Change remained unchanged at 4.4% in the three months to December, coming in better than the market expectation of 4.5%.

Gold price struggles to capitalize on intraday gains amid modest USD strength
Gold attracts buyers for the second straight day amid concerns about a global trade war. Bets that the Fed would cut rates further lend support to the non-yielding yellow metal. Rebounding US bond yields and a modest USD uptick do little to cap XAU/USD.

Storj bulls aiming for double-digit gains
Storj, an open-source platform that leverages the blockchain to provide end-to-end encrypted cloud storage services, continues to trade higher by 4.4%, around $0.39 on Tuesday after rallying 5% the previous day.

Rates down under
Today all Australian eyes were on the Reserve Bank of Australia, and rates were cut as expected. RBA Michele Bullock said higher interest rates had been working as expected, slowing economic activity and curbing inflation, but warned that Tuesday’s first rate cut since 2020 was not the start of a series of reductions.

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