Potential for the further rally due to the downside exhaustion.
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EUR/USD holds near 1.1150 after Eurozone PMI and wage growth data
EUR/USD keeps its range near 1.1150 in the European session on Thursday. The Euro remains unfazed by the mixed German and Eurozone PMI reports and Negotiated Wages data. Meanwhile, the US Dollar holds the rebound ahead of US S&P Global PMI data.
GBP/USD stays above 1.3100 following upbeat UK PMI figures
GBP/USD holds its ground and trades marginally higher on the day above 1.3100 in the European trading hours. The S&P Global/CIPS Composite PMI in the UK rose to 53.4 in August from 52.8, pointing to an ongoing growth in the private sector and supporting Pound Sterling.
Gold extends shallow pullback ahead of key data releases
Gold extends a modest pullback on Thursday during the European session as US yields bounce back into the green and the USD – to which Gold is negatively correlated – inches back into positive territory after falling to year-to-date lows early Wednesday.
MATIC price poised for rally as on-chain data shows a positive bias
Polygon's (MATIC) price has risen 27% since the start of this week and, as of Thursday, is continuing to trade higher by 0.5% at $0.52. On-chain data shows that MATIC's TVL is rising.
US S&P Global PMIs seen broadly unchanged in August, signaling moderate economic expansion
S&P Global will publish the preliminary estimates of the US PMIs for August on Thursday. The indexes are the result of surveys of the senior executives in the private sector and are meant to indicate the overall health of an economy.
Moneta Markets review 2024: All you need to know
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