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AUD/USD gains as US jobs data points to Fed easing
The Australian Dollar recovers some ground on Thursday against the Greenback, following the release of US jobs data. The US Bureau of Labor Statistics revealed that the labor market is weakening further, suggesting that the Federal Reserve may continue to ease policy.
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.
Gold price plummets as traders cash in on hot US PPI
Gold prices snapped a four-day streak of gains on Thursday, tumbling more than 1% as investors digested mixed economic data from the United States. A softer than expected jobs report, but higher prices on the producer’s side, kept traders from pushing Bullion prices higher.
Crypto Today: Bitcoin price tops $102K as Trump’s firm acquires Ethereum and Chainlink
The cryptocurrency sector valuation broke past $3.5 trillion on Thursday, up 9.4% since the market crash halted on Tuesday. In the last 24 hours, 104,700 traders were liquidated with the $172.7 million in long contracts closed accounting for 58% of the $298.5 million in total liquidations.
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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