|
South Korea Consumer Price Index Growth (MoM) came in at -0.2%, above forecasts (-0.3%) in November
Author
FXStreet Team
FXStreet
More from FXStreet Team
Editor's Picks
EUR/USD is churning around the 1.1800 area on Thursday, struggling to find direction in response to modest gains in the US Dollar. Earlier on Thursday, the ECB matched consensus and left its policy rates unchanged, while President Largarde delivered quite a neutral press conference.
GBP/USD extends Wednesday’s pullback on Thursday, drifting down towards two-week lows around the 1.3550 zone. Further improvement in the Greenback and the dovish hold by the BoE at its meeting earlier in the day kept the demand for the British Pound subdued for now.
Gold is back under pressure on Thursday, retreating to the $4,800 region per troy ounce against the backdrop of the firmer US Dollar and despite the prevailing risk-off sentiment. In addition, declining US Treasury yields across the curve seem to limit the sell-off for now.
The crypto market is in turmoil as aggressive selling continues across the board, triggering liquidations and leaving investors counting losses. Bitcoin (BTC) tumbled below the $70,000 mark on Thursday, after erasing the post US election surge.
Tech just got hit with a different kind of selloff. Not the usual rates tantrum, not a recession whisper, not even an earnings miss in the classic sense. This was the market staring into an AI mirror and recoiling at its reflection.
Bitcoin (BTC) price dips below $70,000 on Thursday, having corrected nearly 20% for this year. Market momentum turned extremely bearish, with technical indicators pointing to further downside toward the next key support at $65,000.
