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EUR/USD stays below 1.0850 after US GDP

EUR/USD stays below 1.0850 after US GDP

EUR/USD continues to trade in negative territory below 1.0850 in the European session on Tuesday. The data from the Eurozone showed that the GDP grew at an annual rate of 1.9% in Q4, compared to market expectation of 1.8%, but failed to boost the Euro.

EUR/USD News

GBP/USD remains pressured toward 1.2300 amid risk aversion

GBP/USD remains pressured toward 1.2300 amid risk aversion

GBP/USD is losing further ground toward 1.2300 in the European trading hours. The renewed uptick in the US Dollar amid risk aversion is weighing down on the pair. Meanwhile, the IMF said that the UK economy is the only G7 nation to shrink in 2023. 

GBP/USD News

Gold drops towards $1,900 on firmer US Dollar, mixed sentiment

Gold drops towards $1,900 on firmer US Dollar, mixed sentiment

Gold price holds lower grounds as sellers attack the critical $1,900 mark during Tuesday’s European session. The precious metal reverses the mid-Asian session’s corrective bounce, as the US Dollar recovery picks up pace ahead of US mid-tier data. 

Gold News

Elon Musk mulls over Bitcoin and crypto payments for Twitter in push for regulatory license

Elon Musk mulls over Bitcoin and crypto payments for Twitter in push for regulatory license

Twitter recently started applying for payment licenses in the US. The social media giant’s Twitter Payments division headed by Esther Crawford is working on bringing crypto and fiat payments to the app. 

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Break it or make it week: Fed, earnings, OPEC

Break it or make it week: Fed, earnings, OPEC

Investors have a full plate this week that includes the US Fed's latest policy decision and a slew of big-name corporate earnings. Wall Street widely expects the Fed to deliver a 25bps interest rate hike.

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