Forex News
Latest News
Broker promotions
Editors’ Picks
EUR/USD trades firmer near 1.0350 as traders brace for German Retail Sales, FOMC Minutes
The EUR/USD pair gains ground to near 1.0350 during the early European session on Wednesday. However, the potential upside of the major pair might be limited amid the prospects for slower interest rate cuts by the Federal Reserve in 2025.
GBP/USD hovers below nine-day EMA near 1.2500
The GBP/USD pair maintains its position after registering losses in the previous session, hovering around 1.2480 during Wednesday's Asian hours. Technical analysis on the daily chart points to a weakening bearish trend, as the pair is trading above the upper boundary of a descending channel pattern.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold eyes US ADP report and Fed Minutes for next push higher
Gold price is consolidating the previous rebound near $2,650 early Wednesday, awaiting the US ADP jobs report and the Minutes of the US Federal Reserve December meeting for the next leg higher.
DOGE and SHIB traders book profits at the top
Dogecoin and Shiba Inu prices broke below their key support levels on Wednesday after declining more than 9% the previous day. On-chain data provider Santiments Network Realized Profit/Loss indicator shows massive spikes in these dog-theme memecoins, indicating traders realize profits.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Over $560 million in liquidation
Bitcoin hovers around $97,000 on Wednesday after declining more than 5% the previous day. Ethereum and Ripple follow in BTC’s footsteps and decline 8.3% and 6.15% respectively. This recent pullback has triggered a wave of liquidations, resulting in over $560 million in total liquidations in the crypto.