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United States CFTC Oil NC Net Positions declined to 251.5K from previous 259.2K
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EUR/USD trades on a positive note below 1.2000 in the European session on Thursday. The US Dollar returns to the red against the Euro amid uncertainty over US economic policies. The Eurozone Consumer Confidence and US Initial Jobless Claims reports are due later on Thursday.
GBP/USD recovers its recent losses from the previous session, sustaining above 1.3800 in European trading on Thursday. The pair draws support from a fresh bout of selling in the US Dollar, as markets look past upbeat commentaries from Fed Chair Powell and US Treasury Secretary Bessent.
Gold price refreshed record highs near $5,600 before retreating to $5,550 in European trading on Thursday. The bright metal's relentless upsurge has been bolstered by strong safe-haven demand amidst persistent geopolitical tensions, economic uncertainty, and a weaker US Dollar. Buyers yearn for a sustained move above $5,600.
Dash faces intense headwinds, recording a 3% drop at press time on Thursday and extending a broader two-week decline that puts the key 50-day Exponential Moving Average at $55.93 into the spotlight.
At its January meeting, the Federal Reserve kept the Fed Funds Target Range (FFTR) unchanged at 3.50%–3.75%, a decision that was fully in line with market expectations.
Solana (SOL) is trading in the red, down 2% at press time on Thursday, aligning with the broader cryptocurrency market correction as the US Federal Reserve kept the interest rates unchanged on Wednesday.
