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EUR/USD stays below 1.0750 as EU inflation data match expectations
![EUR/USD stays below 1.0750 as EU inflation data match expectations](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/world-currencies-53600634_XtraSmall.jpg)
EUR/USD trades in negative territory below 1.0750 in the European session on Tuesday after the data from the EU showed that the annual HICP inflation edged lower to 2.5% in June as forecast. Investors await ECB President Lagarde and Fed Chairman Powell's speech at the ECB Forum.
GBP/USD remains confined in a range near 1.2650 ahead of key US events
![GBP/USD remains confined in a range near 1.2650 ahead of key US events](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/GBPUSD/iStock-1078115946_XtraSmall.jpg)
GBP/USD stays defensive near 1.2650, extending its struggle early Tuesday. Bets for a BoE rate cut in August act as a headwind amid a modest US Dollar recovery. Traders prefer to wait on the sidelines ahead of the US jobs data and Fed Chair Powell's appearance.
Gold confined to a range with bullish long-term prospects
![Gold confined to a range with bullish long-term prospects](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/gold-gm187363896-28836378_XtraSmall.jpg)
Gold continues trading in a familiar range within the $2,320-$2,330s, just below the 50-day SMA on Tuesday, amid Futures’ traders “short-covering”, as well as “bargain hunting” by longer-term investors, according to Kitco’s Jim Wyckoff.
Bitcoin price faces resistance around $64,000 level
![Bitcoin price faces resistance around $64,000 level](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Bitcoin/bitcoin-39275418_XtraSmall.jpg)
US spot Bitcoin ETFs registered slight inflows on Monday. On-chain data shows that BTC's daily active addresses increased, signaling greater blockchain usage.
Trading the week ahead: Labour data is poised to be a major influence on market dynamics
![Trading the week ahead: Labour data is poised to be a major influence on market dynamics](https://editorial.fxstreet.com/images/Macroeconomics/EconomicIndicator/ConsumerSpending/Consumption/shopping-gm156199035-10016701_XtraSmall.jpg)
Shifting focus to the United States, the labour data set for release on Friday is poised to be a major influence on market dynamics. This data is crucial as it may steer the Federal Reserve's forthcoming decisions regarding interest rates.