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EUR/USD stays withing a touching distance of 0.9600

EUR/USD stays withing a touching distance of 0.9600

EUR/USD lost its bullish momentum and declined to the 0.9600 area during the American trading hours on Tuesday. The negative shift witnessed in risk sentiment seems to be helping the dollar gather strength and causing the pair to stay on the backfoot.

EUR/USD News

GBP/USD retreats from daily highs, trades near 1.0750

GBP/USD retreats from daily highs, trades near 1.0750

GBP/USD erased a portion of its daily gains in the second half of the day on Tuesday and fell toward 1.0750. The dollar capitalizes on upbeat consumer confidence data and the risk-averse market environment further weighs on the pair.

GBP/USD News

Gold edges lower toward $1,630 amid rising US yields

Gold edges lower toward $1,630 amid rising US yields

After having climbed above $1,640 earlier in the day, gold reversed its direction and dropped toward $1,630. The benchmark 10-year US Treasury bond yield turned positive on the day near 4% after upbeat US data, not allowing XAU/USD to preserve its bullish momentum.

Gold News

Powell calls for proper crypto regulations as Bitcoin shoots beyond $20,000

Powell calls for proper crypto regulations as Bitcoin shoots beyond $20,000

Powell reckons that a lot of thought must be put into regulating crypto activities. The crypto market’s bullish stint coincides with Powell’s speech “on opportunities and challenges of the tokenization of finance,” at the Louvre Museum in Paris.

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Intel's Mobileye extends Geely partnership, TSMC says wafer orders down

Intel's Mobileye extends Geely partnership, TSMC says wafer orders down

As always, a lot is happening this week in the semiconductor space. Despite the continued decline of share prices all around, the major chip designers and manufacturers continue to announce significant moves.

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