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AUD/USD: Extra relief is seen above 0.6630
AUD/USD picked up fresh upside traction and left behind three daily drops in a row, advancing to the boundaries of the key 0.6600 barrier on the back of the persistent offered bias surrounding the US Dollar.
EUR/USD needs to clear the 200-day SMA to allow for further gains
EUR/USD advanced further, extending its weekly recovery for the third consecutive day and putting the critical 200-day SMA to the test in the 1.0870 zone against the backdrop of the resurgence of the downward bias in the Greenback.
Gold slowly but steadily approaching $2,800
Gold pulls away from the all-time-high it set near $2,790 earlier in the day and trades at around $2,780. With the US Dollar struggling to find demand after mixed macroeconomic data releases, however, XAU/USD's downside remains limited.
Ethereum Price Forecast: ETH could become deflationary again when blobspace gets saturated
Ethereum (ETH) is up 0.5% on Wednesday and aims to tackle the $2,817 resistance in the coming days as the US elections draws closer. The top altcoin could even be set for more upside if demand for Layer 2s grows following a recent experiment by game developer Cartridge on the Starknet chain.
German economy surprises in the third quarter
The German economy avoided a technical recession in the third quarter, showing unexpected growth. However, this does not change the fact that the economy remains stuck in stagnation.
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