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EUR/USD sinks to 1.1700 on upbeat US data


EUR/USD sinks to 1.1700 on upbeat US data

EUR/USD now accelerates its losses and confronts the 1.1700 support on Thursday, always on the back of marked gains in the US Dollar. In the meantime, market participants keep evaluating firmer-than-expected results from the US job market, the final Q2 GDP figures and Durable Goods Orders.










GBP/USD breaks below 1.3400 on firmer US Dollar


GBP/USD breaks below 1.3400 on firmer US Dollar

GBP/USD loses traction and slips back below the 1.3400 suppport on Thursday. The cautious market attitude weighs on the British Pound and the rest of its risk-linked peers as investors continue to assess strong US data and remarks from Fed rate setters.










Gold trims gains, back near $3,740


Gold trims gains, back near $3,740

After ending a three-day winning run on Wednesday, Gold regained footing and is again trading around the $3,740 region per troy ounce, clocking acceptable gains for the day. The risk-averse market environment and rising geopolitical tensions keeps the constructive tone intact around the precious metal.










Downside risk persists for Dogecoin, Shiba Inu, and Pepe


Downside risk persists for Dogecoin, Shiba Inu, and Pepe

Meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), continue to decline steadily as the broader cryptocurrency market remains volatile. The on-chain and derivatives data suggest a risk-off sentiment among investors.The technical outlook also indicates a rise in bearish momentum, posing downside risks.












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