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Editors’ Picks
EUR/USD clings to recovery gains below 1.0800, US data awaited
EUR/USD is trading under 1.0800, holding the recovery from three-week lows in European trading on Thursday. The pair defends gains amid sustained US Dollar softness as traders digest latest tariff threats from US President Trump. Traders also resort to repositioning ahead of Friday's US PCE inflation data.
GBP/USD holds gains above 1.2900 on US Dollar weakness
GBP/USD trades with positive bias above 1.2900 in Thursday’s European session. The pair holds the uptick amid persistent US Dollar weakness as fresh Trump tariff threats rekindle US economic slowdown concerns. Focus remains on tariff updates and mid-tier US data.
Gold price retreats from weekly high; sticks to positive bias amid concerns over Trump's tariffs
Gold price retreats slightly after touching a fresh weekly high earlier this Thursday and trades with modest intraday gains, just below the $3,030 level heading into the European session. An improvement in the global risk sentiment turns out to be a key factor acting as a headwind for the precious metal.
Cardano bulls target double-digit gains as bullish bets increase among traders
Cardano price hovers around $0.74 at the time of writing on Thursday after a recovery of over 4% so far this week. On-chain data hints at a bullish picture as ADA’s stablecoin market cap rises while its bullish bets increase among traders.
Auto tariffs dominate, can European stocks maintain their lead over the US?
Tariffs are yet again dominating market sentiment. European stocks have opened sharply lower after President Trump announced a 25% levy on imports of cars and car parts coming into the US.