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Editors’ Picks
EUR/USD remains under pressure near 1.1300 prior to FOMC Minutes
EUR/USD now extends its correction from earlier tops and remains en route to challenge the key support in the 1.1300 neighbourhood, always on the back of the continuation of the rebound in the US Dollar as investors wait for the publlication of the FOMC Minutes in the European evening.
GBP/USD retreats to 1.3450 on USD-buying
GBP/USD keeps pushing down on Wednesday, breaking below the key 1.3500 support to hit new three-day lows near 1.3450, always on the back of the strong resurgence of the buying interest in the Greenback.
Gold remains offered near $3,300, looks at the FOMC Minutes
Gold’s daily decline now picks up pace and puts the $3,300 mark per troy ounce to the test on Wednesday. XAU/USD remains on the back foot as market emphasis moves to FOMC Minutes amid steady uncertainty on the US trade front and increased geopolitical concerns.
Tariff tango turns risk on rumba: Wall Street rips on the reversal
Wall Street came back from the long weekend not just rested, but revved. Traders hit their desks Tuesday morning like sprinters out of the blocks, still shaking off the BBQ smoke and armed with a pent-up cocktail of cash, FOMO, and a headline they’ve seen before—only shinier.
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Diego Pingree