The Euro continues to underperform into the mid-week, trading just off its yearly and multi-month low. A combination of more aggressive Fed pricing, dovish ECB speak and soft Eurozone data have been driving the downside pressure on the single currency.

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Editors’ Picks

EUR/USD climbs back above 1.0750 ahead of ADP, Fed Minutes

EUR/USD climbs back above 1.0750 ahead of ADP, Fed Minutes

EUR/USD has regained lost ground above 1.0750 in the European session on Wednesday. The pair draws support from the renewed US Dollar weakness, in the aftermath of the dovish Fed Chair Powell's comments. Eyes turn to US ADP data, Fed Minutes. 

EUR/USD News

GBP/USD retakes 1.2700, looks to US data/Fed minutes

GBP/USD retakes 1.2700, looks to US data/Fed minutes

GBP/USD is battling 1.2700 in European trading on Wednesday, attempting a modest bounce. Traders appear reluctant and prefer to wait on the sidelines ahead of the FOMC minutes while the UK elections on Thursday also keep them on the edge. US ADP data eyed as well. 

GBP/USD News

Gold jumps toward $2,350, with eyes on key US events

Gold jumps toward $2,350, with eyes on key US events

Gold price is closing in on $2,350 in the European trading hours on Wednesday, staging a rebound amid a fresh leg down in the US Dollar. Gold price capitalizes on dovish Fed Chair Powell's remarks on Tuesday, which added to the September rate cut expectations. US ADP data and Fed Minutes on tap. 

Gold News

Bitcoin struggles around $64,000 level

Bitcoin struggles around $64,000 level

Bitcoin faces resistance near the $64,000 daily level, leading to a 1.05% decline in trading on Wednesday. Ethereum and Ripple similarly encounter resistance, resulting in 1% and 0.5% declines, respectively.

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ADP Employment Change Preview: US private sector expected to add 160K new jobs in June

ADP Employment Change Preview: US private sector expected to add 160K new jobs in June

The United States ADP Research Institute will release its monthly report on private sector job creation for June. The announcement is expected to show that the country’s private sector added 160K new positions in June after adding 152K in May.

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