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EUR/USD sticks to gains near 1.0500 ahead of ECB policy announcements

EUR/USD sticks to gains near 1.0500 ahead of ECB policy announcements

EUR/USD holds positive bias near 1.0500 in the European session on Thursday amid a broad US Dollar retreat. However, the upside remains capped amid expectations for more ECB rate cuts in 2025. ECB policy announcements and Lagarde's press conference are on tap. 

EUR/USD News
GBP/USD rebounds toward 1.2800 as US Dollar retreats

GBP/USD rebounds toward 1.2800 as US Dollar retreats

GBP/USD recovers its recent losses and heads toward 1.2800 in the European morning on Thursday. The pair bounces as the US Dollar corrects downwards after breaking its four-day winning streak despite higher US Treasury yields. Focus shifts to US PPI and Jobless Claims data. 

GBP/USD News
Gold price reverses intraday dip to $2,700; flat lines amid mixed fundamental cues

Gold price reverses intraday dip to $2,700; flat lines amid mixed fundamental cues

Gold price reverses an Asian session dip to sub-$2,700 levels, though it remains below the highest level in more than a month touched earlier this Thursday. The US consumer inflation data released on Wednesday reaffirmed bets that the Federal Reserve will deliver a third consecutive interest rate cut next week.

Gold News
Sui hits new all-time high of $4.9 as Backpack integration sparks $466 million DEX volume surge

Sui hits new all-time high of $4.9 as Backpack integration sparks $466 million DEX volume surge

Sui price reaches a new all-time high of $4.9 on Thursday after increasing more than 20% the previous week. The main reason behind the rally is Wednesday’s announcement of the Backpack exchange and wallet integration with the SUI blockchain and decentralized exchange volume reaching new highs.

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BTC faces setback from Microsoft’s rejection

BTC faces setback from Microsoft’s rejection

Bitcoin price hovers around $98,400 on Wednesday after declining 4.47% since Monday. Microsoft shareholders rejected the proposal to add Bitcoin to the company’s balance sheet on Tuesday.

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