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GBP/USD holds above1.2600 after UK labor market data

GBP/USD holds above1.2600 after UK labor market data

GBP/USD struggles to attract buyers but holds above 1.2600 in the European session on Tuesday. The data from the UK showed that the ILO Unemployment Change remained unchanged at 4.4% in the three months to December, coming in better than the market expectation of 4.5%.

GBP/USD News
EUR/USD holds lower ground near 1.0450, awaits German ZEW survey

EUR/USD holds lower ground near 1.0450, awaits German ZEW survey

EUR/USD holds lower ground near 1.0450 in the European morning on Tuesday. This downside could be attributed to the renewed have demand for the US Dollar amid a risk-off market mood and US rising Treasury bond yields. The focus is on German ZEW and US-Russia talks. 

EUR/USD News
Gold price struggles to capitalize on intraday gains amid modest USD strength

Gold price struggles to capitalize on intraday gains amid modest USD strength

Gold attracts buyers for the second straight day amid concerns about a global trade war. Bets that the Fed would cut rates further lend support to the non-yielding yellow metal. Rebounding US bond yields and a modest USD uptick do little to cap XAU/USD.

Gold News
Storj bulls aiming for double-digit gains

Storj bulls aiming for double-digit gains

Storj, an open-source platform that leverages the blockchain to provide end-to-end encrypted cloud storage services, continues to trade higher by 4.4%, around $0.39 on Tuesday after rallying 5% the previous day.

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Rates down under

Rates down under

Today all Australian eyes were on the Reserve Bank of Australia, and rates were cut as expected. RBA Michele Bullock said higher interest rates had been working as expected, slowing economic activity and curbing inflation, but warned that Tuesday’s first rate cut since 2020 was not the start of a series of reductions.

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