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EUR/USD drops below 1.0500 amid French political jitters

EUR/USD drops below 1.0500 amid French political jitters

EUR/USD is back in the red below 1.0500 in the European session on Wednesday. The pair trades with caution amid renewed US Dollar buying and French political uncertainty as the government faces a no-confidence vote in a busy day ahead. US data, Lagarde and Powell eyed. 

EUR/USD News
GBP/USD clings to gains below 1.2700 ahead of Bailey's speech

GBP/USD clings to gains below 1.2700 ahead of Bailey's speech

GBP/USD is consolidating gains below 1.2700 in early European trading on Wednesday. Traders refrain from placing fresh bets ahead of speeches from BoE Governor Bailey and Fed Chair Powell later in the day. US ADP Jobs and ISM Services PMI data are also awaited. 

GBP/USD News


UPCOMING CALENDAR EVENTS

Editors’ Picks

Gold price slides below $2,640, fresh daily low ahead of Fed Chair Powell's speech

Gold price slides below $2,640, fresh daily low ahead of Fed Chair Powell's speech

Gold price attracts some sellers following an intraday uptick to the $2,650 supply zone and hits a fresh daily low during the first half of the European session on Wednesday. The precious metal, however, remains confined in a familiar range held over the past week or so as traders seem reluctant to place aggressive directional bets ahead of Fed Chair Jerome Powell's speech. 

Gold News
ADP report expected to show US private sector job growth cooled in November

ADP report expected to show US private sector job growth cooled in November

The ADP Employment Change report is seen showing a deceleration of job creation in the US private sector in November. The ADP report could anticipate the more relevant Nonfarm Payrolls report on Friday.

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Ripple whales prevent XRP decline after soaking $4 billion in sell pressure from realized profits

Ripple whales prevent XRP decline after soaking $4 billion in sell pressure from realized profits

Ripple's XRP is down 5% on Tuesday after news of South Korea declaring martial law sparked a surge in selling activity and significant profit-taking among investors. However, whales have stepped up buying pressure as the token looks to stage a recovery.

More Ripple News

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