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Spain 9-Month Letras Auction down to 1.998% from previous 1.999%
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EUR/USD alternates gains with losses in the low-1.1800s on Wednesday in a context of modest gains in the Greenback. Meanwhile investors continue to assess the latest advanced inflation data in the euro area and the lower-than-expected weekly ADP figures and ISM Services PMI on the US calendar.
GBP/USD comes under bearish pressure in the American session and trades in the red below 1.3700. The US Dollar gathers strength after the latest batch of US data and makes it difficult for the pair to hold its ground. On Thursday, the Bank of England will announce policy decisions.
Gold loses its bullish momentum and trades below $5,000 in the second half of the day on Wednesday as the US Dollar finds a foothold. The data from the US showed that private sector employment rose less than expected in January, while the service sector preserved its growth momentum.
Bitcoin rises above $76,000 following an extended decline to $72,946 the previous day as Fed-related headlines keep investors on edge. Ethereum advances toward the $2,300 hurdle amid low retail interest, with futures Open Interest falling to $26.3 billion.
AI is not being abandoned by markets. It is being priced more carefully. Over the past few weeks, the underperformance of software and SaaS stocks has sparked a familiar question: is the AI trade breaking down? The answer is no.
Ripple hovers around the $1.60 pivotal level at the time of writing on Wednesday, reflecting stable but weak sentiment across the crypto market. Intense volatility triggered a brief sell-off on Tuesday, driving the remittance token to pick up liquidity at $1.53 before recovering to the current level.
