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EUR/USD stays near 1.0650 despite upbeat German PMI

EUR/USD stays near 1.0650 despite upbeat German PMI

EUR/USD continues to trade at around 1.0650 in the European session on Friday. Although the PMI data from Germany showed a steady recovery in the Manufacturing and Services PMI data in August, the Euro struggled to find demand amid cautious market mood.

EUR/USD News

GBP/USD stays weak below 1.2300 after UK Retail Sales data, PMIs eyed

GBP/USD stays weak below 1.2300 after UK Retail Sales data, PMIs eyed

GBP/USD is trading depressed below 1.2270, well within the striking distance of a multi-month low set on Thursday. Discouraging UK Retail Sales data weighs on the pair after a surprise BoE pause. The focus shifts to UK/ US PMI data. 

GBP/USD News

Gold rebounds but not out of the woods yet

Gold rebounds but not out of the woods yet

Gold price is recovering ground from the weekly low of $1,914 ahead of a busy Friday, packed with preliminary global PMI data releases. The United States Dollar (USD) is taking a breather even though the US Treasury bond yields are setting fresh multi-year highs.

Gold News

Space ID price succumbs to selling pressure with $3.54 million worth of ID tokens unlocked in a cliff event

Space ID price succumbs to selling pressure with $3.54 million worth of ID tokens unlocked in a cliff event

Space ID (ID) price is down 5% in the last 24 hours, succumbing to selling pressure as token holders close their positions to avoid being caught as part of exit liquidity.

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US S&P Global PMI Preview: A crucial report in a data-dependent era Premium

US S&P Global PMI Preview: A crucial report in a data-dependent era

The US economic performance is stronger compared to other economies like the Eurozone, as reflected in the PMIs. On Friday, new preliminary data for September is expected to show a modest improvement in both sectors in the US and the Eurozone. 

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