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EUR/USD drops below 1.0550 ahead of German inflation data
EUR/USD extends losses below 1.0550 in the European session on Thursday. The pair's downside could be attributed to French political worries and a broad US Dollar rebound amid the cautious mood. Traders remain wary due to mounting trade war risks. Germany's inflation data is in focus.
GBP/USD holds lower ground near 1.2650
GBP/USD remains pressured near 1.2600 in European trading on Thursday as the US Dollar picks up haven dmeand on deteriorating risk sentiment. A sense of cautiom prevails amid Trump's tariff plans even though liquidity remains thin on Thanksgiving Day.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price bulls remain on the sidelines on stronger USD, positive risk tone
Gold price (XAU/USD) reverses an intraday dip to the $2,620 area and trades near the daily high during the first half of the European session on Thursday, albeit it lacks bullish conviction. Investors remain concerned that US President-elect Donald Trump's tariff plans will impact the global economic outlook.
Fantom bulls eye yearly high as BTC rebounds
Fantom (FTM) continued its rally and rallied 8% until Thursday, trading above $1.09 after 43% gains in the previous week. Like FTM, most altcoins have continued the rally as Bitcoin (BTC) recovers from its recent pullback this week.
Top 3 meme coins: Dogecoin, PEPE, BONK lead meme rally amid growing disapproval from industry leaders
The meme coin sector rallied on Wednesday as top tokens, including Dogecoin (DOGE), PEPE and BONK, led the charge. With growing anticipation of a DOGE ETF in the US next year, industry experts weighed in on the future of investing in meme coins.