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United States EIA Natural Gas Storage Change came in at -167B, above forecasts (-169B) in December 12
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The EUR/USD pair loses ground to around 1.1785 during the early European trading hours on Thursday. The Euro softens against the US Dollar as Eurozone inflation declined well below target ahead of the European Central Bank interest rate decision. The German Factory Orders and Eurozone Retail Sales are also due later on Thursday.
GBP/USD extends its losses for the second successive session, trading around 1.3620 during the Asian hours on Thursday. The pair weakens as the Pound Sterling comes under pressure ahead of the Bank of England’s interest rate decision later in the day.
Gold is experiencing some volatility in Thursday’s Asian trading, moving back and forth in a roughly $200 range. Traders now look forward to the US JOLTS Job Openings data and geopolitical developments between the US and Iran for a clear directional impetus.
Zcash, Stacks, and BNB are among the biggest losers over the last 24 hours as Bitcoin approaches $72,000 on Thursday. The correction is driven by multiple factors, including massive, steady outflows from institutions and large-wallet investors, broader-market risk-off sentiment, and the delay in the Digital Asset Clarity Act.
Tech just got hit with a different kind of selloff. Not the usual rates tantrum, not a recession whisper, not even an earnings miss in the classic sense. This was the market staring into an AI mirror and recoiling at its reflection.
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.
