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Editors’ Picks
EUR/USD clings to small gains near 1.1200 ahead of US data
EUR/USD trades modestly higher on the day near 1.1200 in the European session on Thursday. Renewed US Dollar weakness on trade-related uncertainties and nervousness ahead of US PPI and Retail Sales data underpins the pair. Fed Chair Powell will deliver a speech on framework review later in the day.
GBP/USD defends gains below 1.3300 after UK data dump
GBP/USD is defending minor bids below 1.3300 in European trading on Thursday as the Pound Sterling remains little impressed by the UK GDP and Business Investment beat. However, the pair continues to draw support from a weaker US Dollar ahead of key US data and Powell’s speech.
Gold rebounds from multi-week lows, stays below $3,200
Gold recovers from the multi-week low it touched at $3,120 early Thursday but remains below $3,200. Although XAU/USD benefits from the modest USD weakness and the cautious market stance, it struggles to gather bullish momentum ahead of key data releases from the US.
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