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EUR/USD inches higher to near 1.0450, upside seems limited amid a risk-off mood
EUR/USD halts its two-day losing streak, trading around 1.0440 during the Asian hours on Wednesday. However, the pair could continue facing challenges amid risk-off sentiment ahead of the Federal Reserve’s interest rate decision scheduled later in the North American session.
GBP/USD holds ground near 1.2450 ahead of Fed policy decision
GBP/USD remains steady after registering losses in the previous session, trading around 1.2440 during the Asian hours on Wednesday. The pair’s downside could be attributed to the increased risk aversion due to tariff threats made by US President Donald Trump.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price ticks lower on positive risk tone; bears lack conviction amid trade war fears
Gold price consolidates in a narrow band on Wednesday amid mixed fundamental cues. A positive risk tone caps the XAU/USD, though sliding US bond yields lend some support. Traders also seem reluctant to place directional bets ahead of the FOMC policy decision.
Dogwifhat bounces off $1 key level
Dogwifhat price trades 20% higher, above $1.26 on Wednesday after it retests its psychologically importance level of $1 the previous day. WIF’s RSI momentum indicators bounce off from its oversold conditions, signaling a potential shift in momentum as selling pressure eases, allowing for a possible recovery.
Bitcoin, Ethereum and Ripple volatility spikes expected on Fed rate decision
Bitcoin price hovers around $101,700 on Wednesday after declining for four consecutive days since Saturday. Ethereum price follows BTC’s footsteps, closing below its key level, hinting at a correction ahead. Ripple is sliding toward its ascending trendline support; a close below would lead to a decline.