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Editors’ Picks

EUR/USD tumbles further and hit new YTD lows near 1.0580

EUR/USD tumbles further and hit new YTD lows near 1.0580

The Greenback now resumes its uptrend and advance to new highs. forcing EUR/USD to abandon its initial constructive stance and reach new yearly lows in the 1.0580 region on Wednesday.

EUR/USD News
GBP/USD accelerates its losses below 1.2700

GBP/USD accelerates its losses below 1.2700

GBP/USD breaks below the 1.2700 support on the back of the sudden resurgence of buying interest in the US Dollar following US CPI data and some hawkish remarks from the Fed's Logan.

GBP/USD News
Gold extends slide to fresh two-month low

Gold extends slide to fresh two-month low

After shedding some ground throughout the first half of the day, the US Dollar is back in fashion. XAU/USD trades at its lowest in two months in the $2,580 region and is technically poised to extend its slump.

Gold News
Bitcoin Price Forecast: Chances of pullback increase as miner selling ramps up

Bitcoin Price Forecast: Chances of pullback increase as miner selling ramps up

Bitcoin (BTC) price extends its decline for a second consecutive day on Wednesday, trading slightly down at around $87,600 after a 30% surge since November 5 pushed BTC to a new all-time high at $89,940.

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Trump vs CPI

Trump vs CPI

US CPI for October was exactly in line with expectations. The headline rate of CPI rose to 2.6% YoY from 2.4% YoY in September. The core rate remained steady at 3.3%. The detail of the report shows that the shelter index rose by 0.4% on the month, which accounted for 50% of the increase in all items on a monthly basis. 

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