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Editors’ Picks
EUR/USD holds above 1.1300 despite weak EU PMI data
EUR/USD stays in a tight daily range above 1.1300 in the European session on Thursday. The PMI data from Germany and the Eurozone showed that the business activity in the private sector contracted in May, limiting the Euro’s gains. Market focus shifts to US PMI data.
Gold price retreats further from two-week high; $3,300 mark holds the key for bulls
Gold price extends its steady intraday retracement slide from a nearly two-week high touched earlier this Thursday and slides to the lower end of its daily range during the first half of the European session. The pullback lacks any fundamental catalyst and is more likely to remain limited amid a combination of supporting factors.
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