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EUR/USD eases below 1.1000 ahead of German inflation data

EUR/USD eases below 1.1000 ahead of German inflation data

EUR/USD is trading below 1.1000, losing its upside traction in the European session on Wednesday. The pair is holding steady, as the US Dollar finds its feet despite a sell-off in the US Treasury bond yields. Traders stay cautious ahead of the German inflation and US GDP data. 

EUR/USD News

GBP/USD retreats below 1.2700 as US Dollar decline stalls

GBP/USD retreats below 1.2700 as US Dollar decline stalls

GBP/USD is falling back below 1.2700, extending its retreat from multi-month highs in European trading on Monday. The pair fails to find any inspiration from BoE Governor Bailey's hawkish comments, as the US Dollar looks to stabilize ahead of top-tier economic data and Fedspeak. 

GBP/USD News

Gold price retreats from multi-month peak as USD stages a modest recovery ahead of US GDP

Gold price retreats from multi-month peak as USD stages a modest recovery ahead of US GDP

Gold price (XAU/USD) struggles to capitalize on its intraday gains to the $2,052 area and retreats from a near seven-month top touched earlier this Wednesday.

Gold News

Bitcoin price could touch $41,000 in December, analyst predicts bullish breakout

Bitcoin price could touch $41,000 in December, analyst predicts bullish breakout

Bitcoin worth $1 billion has been withdrawn from exchanges in the last two weeks. The SEC asked for public feedback on Franklin Templeton’s Spot Bitcoin ETF, fueling anticipation of approval. 

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Germany CPI Preview: Inflation set to ease further, not necessarily negative for the Euro Premium

Germany CPI Preview: Inflation set to ease further, not necessarily negative for the Euro

The Federal Statistical Office of Germany (Destatis) will release inflation data on Wednesday at 13:00 GMT. The annual German Consumer Price Index (CPI) is expected to rise 3.5% in November, down from the 3.8% increase reported in October.

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