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GBP/USD extends the bounce to 1.3650
GBP/USD has pared some of its initial losses and retargets the mid-1.3600s as investors remain wary of increased political action in the UK on Wednesday. In addition, UK 10-year gilt rates have surged to their highest level since April, after an unexpected turnaround in the government's plans to slash benefits.
EUR/USD flirts with 1.1800 amid marginal losses
EUR/USD is presently extending its recovery from daily lows at 1.1750 and coming at shouting distance from the key 1.1800 hurdle in the latter part of Wednesday’s session. The pair’s recovery comes amid some loss of impetus in the US Dollar while investor gear up for the release of the critical NFP on Thursday.
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Editors’ Picks
Gold challenges multi-day highs around $3,350
Gold prices continued their weekly advance on Wednesday, managing to dispute the area of multi-day tops just above the $3,350 mark per troy ounce despite the better tone surrounding the Greenback and further upside momentum in US yields across the board.
Bitcoin Price Forecast: BTC consolidates as Trump’s budget bill and tariff chatter resume
Bitcoin is trading within a tight range after last week’s strong rally as traders turn cautious ahead of key macroeconomic developments. Reports indicate that the upcoming US President Donald Trump’s One Big Beautiful Bill deadline is on Friday, and the tariff pause expiration in early July could introduce fresh uncertainty into the market.
MSC Industrial (MSM) Q3 earnings and revenues beat estimates
MSC Industrial (MSM - Free Report) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items.