Pound Sterling steadies in calm start to UK/US Inflation
![](https://editorial.fxstreet.com/miscelaneous/_GBP_USD_2024-08-12_12-50-53-638590440740867260.png)
GBP/USD Price Forecast: Stalls around 1.2780, risks skewed to the downside
![](https://editorial.fxstreet.com/miscelaneous/image-638590691539297939.png)
GBP/USD Price Forecast: Remains above 1.2750 with testing nine-day EMA
![](https://editorial.fxstreet.com/miscelaneous/image-638590340296851045.png)
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AUD/USD looks to Australian jobs report and Chinese macro data for fresh impetus
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AUD/USD oscillates in a range during the Asian session on Thursday as the USD looks to build on the overnight bounce from the post-US CPI slide back closer to the monthly low. A positive risk tone offer some support to the risk-sensitive Aussie ahead of Australian employment details and Chinese macro data.
EUR/USD finds thin gains and a seven-month peak on Wednesday
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EUR/USD caught a brief rally into a fresh seven-month peak bid before easing back toward the 1.1000 handle on Wednesday. Fiber caught a run over 1.1000 and into the 1.1050 level after pan-EU Gross Domestic Product growth figure printed exactly as expected.
Gold retreats sharply as investors seek high-yielding assets
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Gold remains under modest bearish pressure and trades below $2,460 in the second half of the day on Wednesday. Although the US Dollar stays on the back foot after the July CPI data, XAU/USD finds it difficult to push higher as sentiment turns mixed.
Bitcoin drops below $59K following US government's $591 million Silk Road BTC transfer
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Bitcoin briefly dropped below $59K on Wednesday following news that the US government had moved 10,000 BTC to Coinbase Prime. On-chain data also shows a trend change in Bitcoin's price correlation to the BTCE fund reserves.
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Wednesday's CPI readout played another soothing note in the ongoing symphony of mild inflation tunes, marking a quartet of months with subdued price hikes. This latest installment confirms the disinflation trend is indeed unfurling.