Pound Sterling drops against USD after hot US PPI data
The Pound Sterling (GBP) surrenders gains and turns negative against the US Dollar (USD) in Thursday’s North American session. The GBP/USD pair declines to near 1.2720 as the US Dollar (USD) recovers losses, with the US Dollar Index (DXY) rising to near 106.70. Read More...
GBP/USD rebounds from 1.2750 as US Dollar declines due to rising odds of a Fed rate cut
GBP/USD recovers its recent losses registered in the previous session, trading around 1.2770 during the Asian hours on Thursday. The GBP/USD pair gains ground as the US Dollar (USD) corrects downwards after breaking its four-day winning streak despite higher US Treasury yields. Read More...
GBP/USD sticks to midrange post-US CPI inflation
GBP/USD went nowhere quickly on Wednesday, churning near 1.2750 after US Consumer Price Index (CPI) figures for November widely met median market expectations. The rest of the week remains tepid on the UK side of the economic calendar, leaving Cable traders to face US Producer Price Index (PPI) numbers on Thursday. Read More...
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EUR/USD falls as Wall Street turns red
EUR/USD turned bearish as Wall Street gives up and major indexes turn red. The pair trades near a fresh weekly low in the 1.0460 price zone. Earlier in the day, the European Central Bank trimmed interest rates as expected, and the United States published discouraging employment and inflation-related data.
GBP/USD dips below 1.2700 as US Dollar surges on risk aversion
GBP/USD finally broke below the 1.2700 mark in the American session, as sentiment shifted to the worse, following dismal US employment and inflation-related data. The poor performance of stocks and an uptick in Treasury yields boost demand for the US Dollar.
Gold could extend its corrective slide
XAU/USD fell towards $2,680 and remains under pressure as investors diggest US figures and the European Central Bank monetary policy announcement. Inflation in the US at wholesale levels rose by more than anticipated in November, according to the latest Producer Price Index release.
Chainlink surges amid World Liberty purchase, Emirates NBD partnership and CCIP launch on Ronin network
Chainlink price surges around 15% on Thursday, reaching levels not seen since mid-November 2021. The rally was fueled by the Donald Trump-backed World Liberty Financial purchase of 41,335 LINK tokens worth $1 million on Thursday.
Can markets keep conquering record highs?
Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.
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