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EUR/USD stays sidelined below 1.1150 ahead of EU inflation data
EUR/USD struggles to gain any meaningful traction and treads water below 1.1150 in the European session on Tuesday. The pair stays on a slippery slope, as the US Dollar clings to recovery gains while the Euro remains wary of the October ECB rate cut ahead of the key EU inflation data.
GBP/USD trades with mild losses below 1.3400 ahead of US ISM PMI
GBP/USD trades on the back foot below 1.3400 in the European trading hours on Tuesday. Fed Chair Powell's less dovish remarks and a cautious mood keep the US Dollar underpinned ahead of US ISM Manufacturing PMI, JOLTS Job Openings and Fedsepak.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price sticks to modest intraday gains, remains below record peak touched last week
Gold price (XAU/USD) regains positive traction on Tuesday and for now, seems to have stalled a two-day-old corrective slide from the all-time peak touched last week.
Three reasons why SUI could continue its ongoing rally
Sui is extending its gains, trading at $1.9 at the start of the new month after a sharp rise last month. This bullish momentum could continue, driven by a new all-time high in Total Value Locked, rising open interest, and an uptick in daily active addresses.
Bitcoin and crypto market maintain decline despite Fed Chair Powell's hints at further rate cuts
The general crypto market continued on a downtrend on Monday despite Fed Chair Jerome Powell hinting at the possibility of further interest rate cuts later in the year.