United States 20-Year Bond Auction climbed from previous 4.798% to 4.846%

EUR/USD leaves behind two daily advances in a row, facing renewed selling pressure and returning to the sub-1.1700 region in response to the late rebound in the US Dollar ahead of the opening bell in Asia. On Thursday, market participants are expected to closely follow the US weekly report on the labour market, GDP prints and the PCE data.

The GBP/USD pair extends its sideways consolidative price move for the second straight day on Thursday and oscillates in a range above the 1.3400 mark during the Asian session. Moreover, a mixed fundamental backdrop warrants some caution before placing directional bets as traders keenly await the crucial US macro data.

Gold price trimmed gains to near $4,790 during the early Asian session on Thursday. The precious metal retreats from a record high of $4,888 after US President Donald Trump backs off the European tariff threat and announces a framework Greenland deal.  

The Australian Dollar advances against the US Dollar on Thursday, following the seasonally adjusted employment data from Australia, which strengthens expectations of tighter monetary policy from the Reserve Bank of Australia.

Markets did not so much trade on Wednesday as they collectively unclenched. After a bruising bout of headline-induced indigestion, every major asset class caught a bid at once. Stocks up. Bonds up. Gold up, then cooling. Crypto rebounding. Crude firming. Even the dollar found its feet.

Monero (XMR) is extending its downtrend, below the $500 level at the time of writing on Wednesday, as sellers remain dominant during the American session. XMR has declined by approximately 38% from a recent high of $800, reached last Wednesday.