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Editors’ Picks

EUR/USD stays below 1.0750 as EU inflation data match expectations

EUR/USD stays below 1.0750 as EU inflation data match expectations

EUR/USD trades in negative territory below 1.0750 in the European session on Tuesday after the data from the EU showed that the annual HICP inflation edged lower to 2.5% in June as forecast. Investors await ECB President Lagarde and Fed Chairman Powell's speech at the ECB Forum.

EUR/USD News

GBP/USD remains offered below 1.2650 ahead of key US events

GBP/USD remains offered below 1.2650 ahead of key US events

GBP/USD keeps losses below 1.2650, extending its struggle in European trading on Tuesday. Bets for a BoE rate cut in August act as a headwind amid a modest US Dollar recovery. Traders prefer to wait on the sidelines ahead of the US jobs data and Fed Chair Powell's appearance.  

GBP/USD News

Gold confined to a range with bullish long-term prospects

Gold confined to a range with bullish long-term prospects

Gold continues trading in a familiar range within the $2,320-$2,330s, just below the 50-day SMA on Tuesday, amid Futures’ traders “short-covering”, as well as “bargain hunting” by longer-term investors, according to Kitco’s Jim Wyckoff. 

Gold News

Bitcoin price faces resistance around $64,000 level

Bitcoin price faces resistance around $64,000 level

US spot Bitcoin ETFs registered slight inflows on Monday. On-chain data shows that BTC's daily active addresses increased, signaling greater blockchain usage.

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ECB Forum: Fed Chairman Powell and ECB President Lagarde set to discuss policy outlook

ECB Forum: Fed Chairman Powell and ECB President Lagarde set to discuss policy outlook

Jerome Powell, Chairman of the Federal Reserve System, and Christine Lagarde, European Central Bank President, will attend a monetary policy panel at the 2024 ECB Forum on Central Banking in Sintra on Tuesday, July 2. 

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