The EUR/USD clipped into a fresh daily high of 1.0532 on Wednesday after catching a bounce out of Tuesday's flat range, but Euro (EUR) upside remains
limited afterEuropean Retail Sales for the same period likewise slipped lower, accelerating to the downside to print at -2.1% against the forecast -1.2%. Annualized European Retail Sales last came in at -1% , signaling an ongoing deterioration in the European economy.Officials from the European Central Bank hit the newswires on Wednesday, with ECB Vice President Luis de Guindos and Governing Council member Mario Centeno noting that economic activity is likely to remain subdued looking forward.
The US ADP Employment Change missed the mark on Wednesday, printing at 89K versus the forecast 153K, while US Services Purchasing Manager Index numbers for September came in as-expected, declining from the previous 54.5 to 53.6. US Factory Orders for August surprised to the upside, showing a 1.2% increase in activity versus the expected 0.3% and rebounding from the previous showing of -2.1%.Looking ahead, Thursday will bring comments from the ECB's Lane and De Guindos, while the US side will see Challenger Job Cuts and Initial Jobless Claims. Challenger last printed at 75.151K, while Initial Jobless Claims are expected to increase from 204K to 210K.The EUR/USD is falling back to the 1.
On the daily candlesticks, the long-term downtrend remains fully intact; the EUR/USD is down nearly 7%, or 770 pips, from July's top at 1.1275, and the bearish trendline is firmly entrenched as the pair continues to drop away from the 200-day SMA near 1.0825.Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.
After rising above $1,830 in the early American session, Gold price lost its bullish momentum but managed to stabilize at around $1,820. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.75%, allowing XAU/USD to keep its footing.The Ethereum staking market has experienced a notable surge, according to data from StakingRewards. In the past 24 hours, the number of staked ETH increased by 32.8%.The DJIA opened higher on Wednesday, up 0.
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