Hot Market News
🔴 EUR/USD drops back below 0.9700 as yields rebound ahead of US GDP, German inflation. EUR/USD sellers are up and roaring as sour sentiment joins firmer yields to renew the downside during early Thursday, after a day full of surprises and positive performance. Germany’s HICP may not impress pair buyers unless US GDP disappoints. Source: fxstreet.com
🔴 GBP/USD turns sideways around 1.0800, focus shifts to US/UK GDP data. GBP/USD is expected to resume its upside journey after concluding its correction to near 1.0800. To revive UK’s financial stability, the BOE announced a bond-buying program worth GBP 65 billion. Source: fxstreet.com
🟢 USD/JPY traces firmer yields to approach 145.00, Japan stimulus, US GDP in focus. USD/JPY picks up bids to refresh intraday high, reversing the previous day’s losses. Recession fears, hawkish central banks renew upside momentum of Treasury bond yields. Japan considers aid package to ease utility bill burden amid rising energy cost. US GDP could entertain buyers but BOJ’s intervention tests upside momentum. Source: fxstreet.com
🔴 AUD/USD pares intraday losses around 0.6490, recently bouncing off daily lows, as traders await fresh clues to defend the latest pullback moves. That said, downbeat prints of Australia’s monthly Consumer Price Index (CPI) joined the risk-off mood to weigh on the Aussie pair during early Thursday. Source: fxstreet.com
🟢 USD/CAD recalls buyers after a two-day absence as the quote pokes 1.3650 during Thursday’s Asian session. In doing so, the Loonie pair benefits from the market’s sour sentiment and firmer yields while paying little heed to the upbeat prices of Canada’s key export item WTI crude oil. Source: fxstreet.com
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