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European Central Bank delivers as expected – LIVE

European Central Bank delivers as expected – LIVE

The European Central Bank (ECB) trimmed the three main interest rates by 25 basis points each, as widely anticipated. US data resulted discouraging, with Claims up in the week ending December 6 and wholesale inflation ticking higher. EUR/USD posting fresh weekly lows. 

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GBP/USD nears 1.2700 on broad US Dollar demand

GBP/USD nears 1.2700 on broad US Dollar demand

GBP/USD is pulling further back towards the 1.2700 level in the European session on Thursday as traders turn cautious. The pair reverses earlier gains as the US Dollar gathers strength following dismal United States data. 

GBP/USD News
Gold bounces modestly from $2,700 investors struggle for direction

Gold bounces modestly from $2,700 investors struggle for direction

XAU/USD neared the $2,700 threshold and bounced back following the release of US figures and the  European Central Bank monetary policy announcement. Inflation in the country as wholesale levels rose by more than anticipated in November, according to the latest Producer Price Index release. 

Gold News
Chainlink surges amid World Liberty purchase, Emirates NBD partnership and CCIP launch on Ronin network

Chainlink surges amid World Liberty purchase, Emirates NBD partnership and CCIP launch on Ronin network

Chainlink price surges around 15% on Thursday, reaching levels not seen since mid-November 2021. The rally was fueled by the Donald Trump-backed World Liberty Financial purchase of 41,335 LINK tokens worth $1 million on Thursday.

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Can markets keep conquering record highs?

Can markets keep conquering record highs?

Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.

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