Canada Employment Insurance Beneficiaries Change (MoM) down to 1.2% in July from previous 3.4%
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Editors’ Picks
GBP/USD turns negative near 1.3620
GBP/USD gives away further ground and approaches the lower end of the range near the 1.3620 zone on Thursday as investors continue to assess the latest decision by the BoE to leave its policy rate unchanged at 4.00%, as widely anticipated. Once again, the MPC voted 7-2 to keep the status quo.
EUR/USD keeps its bid bias near 1.1840
EUR/USD reverses Wednesday’s pullback, setting aside an early drop to the sub-1.1800 region and hovering around the 1.1830-1.1840 band amid modest losses in the US Dollar as investors continue to parse the recent rate cut by the Federal Reserve.
Gold resumes its uptrend, retargets $3,700
Gold prices advance modestly on Thursday, approaching the $3,670 region per troy ounce amid a tepid selling pressure hurting the Greenback and declining US yields across different time frames. In the meantime, traders continue to digest Wednesday’s interest rate cut by the Fed and Chief Powell’s hawkish tilt.
Bitcoin eyes $120,000 following FOMC dovish stance
Bitcoin price trades in green above $117,000 on Thursday after rebounding from key support the previous day. Federal Reserve’s 25 bps interest rate cut and prospects of two more cuts this year lifted risk-on sentiment across markets.
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