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EUR/USD consolidates below 1.0950 ahead of ECB policy announcements
EUR/USD turns sideways below 1.0950 in Thursday’s European session after rallying to a fresh four-month high on Wednesday. The pair trades with caution, as investors shift to the sidelines ahead of the European Central Bank policy meeting, which will be announced at 12:15 GMT.
GBP/USD stays in daily range near 1.3000 after UK jobs data
GBP/USD treads water at around 1.3000 in the European session, holding its retreat from the 2024-high it set at 1.3045 on Wednesday. The UK data showed that the ILO Unemployment Rate held steady at 4.4% in the three months to May, as forecast, failing to trigger a reaction.
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Editors’ Picks
Gold price remains stronger due to rising expectations of Fed rate cuts
Gold price (XAU/USD) edges higher to near $2,470 per troy ounce on Thursday, remaining close to record highs amid growing optimism that the Federal Reserve (Fed) will reduce rates in September.
Worldcoin price sets for a rally following the breakout of the descending trendline
Worldcoin price faces a descending trendline on Thursday; a breakout signals a bullish move. On-chain data shows that WLD's daily active addresses are increasing, signaling greater blockchain usage.
European Central Bank widely expected to keep interest rates unchanged in July
The European Central Bank is set to leave key rates unchanged after July policy meeting. ECB President Christine Lagarde will be questioned about the possibility of a rate cut in September.