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Latest News: EUR/USD
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EUR/USD stays depressed below 1.1150 ahead of German ZEW data
EUR/USD trades on a softer note below 1.1150 amid the modest US Dollar uptick in European trading on Tuesday. Traders turn on the sidelines ahead of the critical two-day Fed policy meeting, starting Tuesday. Meanwhile, Germany's ZEW and US Retail Sales data will provide trading incentives.
GBP/USD defends 1.3200, looks to US Retail Sales for impetus
GBP/USD is holding steady above 1.3200 in the European session on Tuesday. Rising Bets for a 50 bps Fed rate cut keep the US Dollar on the defensive and support the pair. Traders now look to the US Retail Sales to grab short-term opportunities later this Tuesday.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold prods overbought zone, shy of $2,600 as Fed meeting looms
Gold price is just a hairline short of the new record high of $2,590 reached Monday, as buyers take a pause heading into the highly anticipated two-day US Federal Reserve monetary policy meeting, starting on Tuesday.
Bitcoin approaches its $56,000 support level
Bitcoin is approaching a crucial daily support level of $56,000, hinting at a possible recovery. Ethereum faced rejection from the resistance level, suggesting a downward trend with weak momentum. In contrast, Ripple has bounced above the 100-day EMA, indicating a continued upward trend.
Trump's election chances could impact Bitcoin and crypto prices
The Republican presidential candidate has wooed top crypto voices and community members through several actions, including accepting crypto donations and dedicating a part of the GOP platform to cryptocurrencies and blockchain. The former president also announced the launch of a new crypto platform.