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Editors’ Picks

EUR/USD jumps back above 1.1950 amid upbeat market mood

The bid tone around the euro strengthened on Tuesday, pushing EUR/USD higher above 1.1950, as stock markets gained, weakening safe-havens such as the greenback. Coronavirus vaccine optimism and buoyant equity markets weigh over the dollar. Fed's Powell says the US economy remains in a damaged state.

EUR/USD News

GBP/USD eyes 1.3400 as bulls cheer US dollar weakness, focus on PMIs, Brexit

GBP/USD welcomes December with mild gains, trading above 1.3350. Concerns about US economic strength, stimulus weigh on the greenback. Brexit chatters reach the end-game with no clarity over the key hurdles. US Manufacturing PMIs and Fed Chair Powell’s testimony awaited.

GBP/USD News

Gold braces for a bumpy road to recovery above $1775

Gold (XAU/USD) is making another recovery attempt from five-month lows of $1765 as the US dollar dips on improved market mood amid coronavirus vaccine and US stimulus hopes.

Gold news

US ISM Manufacturing PMI Preview: With a tablespoon of salt

Business shutdowns and personal restrictions are expected to slow the US recovery as viral counts in many parts of the country force governments to roll-back previously opened sectors.

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